E-Procurement In 2023, E-Procurement has already been widely adopted by many businesses of all sizes, in order to take full advantage of the technology’s efficiency and cost savings. Companies are able to purchase materials and services from a variety of vendors in a fraction of the time it takes to complete a traditional procurement process. Vendor portals are becoming increasingly available, allowing businesses to quickly and easily compare prices, products, and services to make the best purchasing decisions. Automated workflows and machine learning tools are also used to streamline the proc ..read more

Top 10 Tips to Improve Your Supply Chain Management Improving your supply chain management is an ongoing and often stressful task that requires meticulous monitoring to ensure that you are optimising your procurement processes. However, having a system in place that keeps you and your team aware, fully trained to deal with any unavoidable risks and a culture of constant improvement and growth, will give your business the best possible foundation for strong supply chain management. So, in this blog we will cover good and bad supply chain management processes, implementing plans and our top 10 t ..read more

Top Tips for Your Procurement Process An effective procurement process can boost your operational efficiency and will have a ripple effect across your entire organisation. It is no longer simply a matter of obtaining goods/services. With the help of digital technology advancing the way we view procurement; you can now optimise all areas of your business to catapult your business value. In this blog, we will cover the definition of a procurement process, our top tips to increase efficiency and the advantages of going digital!   What is a Procurement Process? A procurement process means the ..read more

What Do Procurement Consultants Do? You may have heard of the term ‘Procurement Consultant‘, but are now wondering what they actually do, how they work and most importantly, how they can help your business. In this blog, we will be covering these three questions to help you decide whether a procurement consultant is an asset that your business may need to consider!   What are Procurement Consultants? A procurement consultant is an expert in the purchasing process. They are the buyer’s best ally — providing advice, conducting supplier market research, and analysing your costs&nbs ..read more

What Makes a Good Procurement Consultant? We have previously discussed the skills necessary to becoming a procurement consultant. However, now we’ll focus on what it takes to put these skills into practice and how to use these skills to achieve success! Looking to choose a procurement consultant? We will also cover what you should be looking for from top procurement consultancies. Firstly…   What is a procurement consultant? A procurement consultant is an expert in the purchasing process. They are the buyer’s best ally — providing advice, conducting supplier market research, and anal ..read more

Procurement Risk Management Creating an effective procurement risk management strategy is key to any long-lasting, efficient procurement process. Essentially, it is a forecasting tool all organisations should use to mitigate risks and plan for risk factors in the future caused by both internal and external events. In this blog, we will cover the definition of procurement risk management, how it works, the benefits and limitations and finally, where you can find help with your procurement strategy.   What is Procurement Risk Management? Procurement Risk Management is the process of identif ..read more

Best Value Procurement   What is Best Value (BV) Procurement? Best Value Procurement, also known as BV Procurement or BVP, is a procurement system which values other factors rather than price. Typically, BVP values the quality of the goods/services offered and the expertise of the vendor (supplier).   What does BV Procurement involve? BV Procurement often involves the assessment of how cost-effective a project will turn out to be. By weighing up the value of a supplier’s offerings in terms of quality and expertise, you help avoid the risk of a low-reward outcome. If only price is con ..read more

Construction Procurement Strategy The construction industry is a dynamic and multifaceted sector, with projects ranging from small-scale home renovations to large-scale infrastructure developments. One crucial aspect that underpins the success of any construction project is the procurement strategy. A well-designed procurement strategy ensures that resources are acquired at the best possible value while balancing risk and maintaining a high standard of quality. This blog post delves into the intricacies of construction procurement strategies, exploring various approaches and offering guidance ..read more