Knowledge Hub
Practical knowledge, expert perspectives, and industry analysis for procurement and supply chain professionals.
Choosing the right supplier is one of the most consequential decisions a procurement team makes. A robust evaluation framework looks well beyond the price tag — assessing Total Cost of Ownership, risk, innovation, ESG, and strategic alignment.
For the past 12 months or so, the world has seen record level inflation, where prices of key commodities like energy, fuel, steel, plastics, aluminum, paper and cellulose have been rising sharply — placing enormous pressure on procurement teams.
Procurement leaders are uniquely positioned to guide organisations through volatility — turning disruption into a source of strategic advantage.
Critical to smart buying is the ability to determine whether the cost of acquiring certain goods or services is, by far, surpassed by the benefits that can be gained.
Large manufacturers have traditionally been the dominant player in the supply chain, and hence had enjoyed the upper hand when it comes to impelling support and engagement from their supply base.
Global sourcing has become a defining capability for organisations operating across borders. But getting it right requires more than just finding an overseas supplier — here are the five elements that determine success.
In many organisations, procurement is treated as a purely tactical function. The most successful companies know better — they treat it as a strategic driver of bottom-line performance.
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