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Posts
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European Supply Chain Act – Key Insights
21.11.2024On 24 May 2024, the European Parliament passed the EU Supply Chain Act, requiring European companies to uphold human rights and environmental standards in their supply chains. The law targets […]
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Optimising Tail Spend in Engineering: Unlock Savings & Boost Efficiency
08.11.2024Tail spend (or long tail spend), often dismissed as inconsequential, can quietly erode an organisation’s bottom line. This seemingly minor expenditure on low-value, high-volume items can quickly spiral into a […]
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Sustainable Procurement 101: A Comprehensive Guide for Businesses
18.10.2024Balancing People, Planet and Profit In the modern business landscape, sustainability is no longer a mere buzzword; it’s a strategic imperative. Companies increasingly recognise the need to operate sustainably, not […]
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Risk Assessment Matrix – What Is It & How It Works
10.10.2024Imagine a project running smoothly, then suddenly running into a roadblock. Missed deadlines due to unforeseen delays, or budget overruns caused by rising transportation costs. These are just a few […]
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Target Costing: A Blueprint for Procurement Engineers
26.09.2024Achieving cost efficiency while delivering high-quality engineered solutions is essential for success. Target costing is a strategic approach that integrates cost management into both product design and development, ensuring that […]
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Direct vs Indirect Procurement – What’s the Difference?
11.09.2024From raw materials to office supplies, procurement is the backbone of any business. It involves the entire acquisition process, from identifying suppliers and negotiating contracts to managing deliveries and ensuring […]
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Supply Chain Issues: Transportation Cost
15.08.2024Supply chains constantly face several challenges, including fluctuating demand, inventory shortages, and port congestion. Among these, rising transportation costs have emerged as a significant concern. High fuel prices, shortage of […]
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Source to Contract
09.08.2024Source to Contract (S2C) technology can help to optimise the upstream procurement processes Optimising upstream procurement processes is essential for organisations striving for efficiency and competitiveness. Source to Contract processes […]
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Supply Chain Issues: Port Congestion
23.07.2024Port congestion poses a significant challenge for shipping and delivery services worldwide. Ports are vital hubs for moving goods, and handling tasks like customs clearance and transportation. When congestion occurs […]
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Cost & Value Engineering
26.06.2024In today’s competitive environment, maximising the efficiency and effectiveness of resources is crucial. Value Engineering and Cost Engineering offer robust strategies to achieve this goal. As systematic methodologies, they focus […]
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Kraljic Matrix Explained
24.06.2024The Kraljic Matrix, developed by Peter Kraljic in the 1980s, is a powerful tool used in procurement and supply chain management to categorise and prioritise purchases and suppliers based on […]
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Top Supply Chain Challenges in 2024
31.05.2024As the global economy evolves, procurement and supply chain management faces unique challenges. 2024 is no exception, with various factors, such as geopolitical tensions, labour and raw material shortages, environmental […]
