In the world of procurement, excellence is not just a goal – it is a journey of continuous improvement and alignment with the core values of a business. But how to achieve procurement...
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Procurement
Unlocking best practice for procurement management
What is procurement management best practice? Procurement management refers to the strategic organisation of a business’ spend, which includes the purchasing of goods and services up...
Circular procurement and the built environment
How can we reduce our material consumption and generate less waste? This is an important question being addressed by legislators around the world. The European Union (the “EU”) leads...
Three ways procurement can boost supply chain visibility
As the global economy continues to evolve, supply chains have grown more interconnected, complex, and prone to vulnerabilities. This evolution, paired with increasingly stringent...
The difference between project and operational procurement
Project procurement and operational procurement are two distinct aspects of procurement management within an organization. They serve different purposes and involve different...
AI bridges marketing & procurement for profit growth
It’s no secret that marketers have sometimes viewed procurement teams with suspicion if not outright hostility. Make no mistake, we have seen real progress in recent years but some...
Sale of goods by a non-owner
How a business may secure its interest at the time, goods are purchased from someone who is a non-owner of the goods? Question - If A is the owner of product X and B is the...
How procurement leaders can future-proof companies in uncertain times
With the UK and global economy still facing an uncertain 2024, global consultancy Efficio has released a new report explaining the top priorities of procurement leaders in turbulent...
AI’s transformative role in empowering companies to optimize procurement
Artificial intelligence is a transformative force, reshaping the procurement landscape and offering companies an unprecedented opportunity to revolutionize their supply chain...