Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
Work With Suppliers Who Share Your Values A charity is nothing without its values. Having a strong and easily communicable set of values builds trust between a charity and its supporters, giving employees, volunteers, donors, and beneficiaries the confidence that the organisation is acting ethically and in their best interests. Most importantly, it shows that the money they raise is going to […]
A Procurement Process Benefits Both Buyers and Sellers Purchasing is not the same as procurement. Although, both are involved in the acquisition of goods and services, they are two distinctly different processes. Understanding this can help companies become better at both buying and selling. Purchasing is the transactional part of doing the actual acquiring; from creating […]
Benefit From Following A Procurement Process As we approach the end of the 2021, companies are looking for ways that they can strengthen their finances after Covid and against the threat of inflation and interest rate rises next year. Following on from Cop 26 companies are also beginning to place more importance on sustainability and want to reduce their carbon footprint, which includes working more […]
Suppliers Play A Crucial Role In Business And The Journey To Net Zero Cop 26 has reignited news headlines across the globe to focus on our environment and people are now talking more than ever before about the practicalities of delivering what the politicians have promised the world and the impact it will have on their businesses. One […]
What are Scopes 1, 2 & 3 and How Are They Relevant to Procurement? With COP26 wrapping up next week, carbon emissions are as high as they’ve ever been on the international agenda. Inaction will lead to severe hunger levels, mass migration as a result of floods, the collapse of financial markets, along with many other socio-economic disasters, […]
What Is A Cryptocurrency? A cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need […]