Kevin Scott
Why does Procurement Fraud Occur? Procurement fraud can cost your organization huge amounts of money, time, and other important resources. Fraud occurs for a multitude of reasons; “stealing money or property by a person who is in a position of trust, such as an employee or an agent” which is…
March 13, 2017
Martin J Venter
We are all too aware of how Procurement teams have always had to yield to Finance’s whims. This has, for too long, been the Chief Procurement Officer’s (and not to mention the Purchasing Manager’s) biggest grievance. And it’s a grievance that has never quite been addressed. About thirteen years ago,…
February 22, 2017
Nick Poisson
It’s the dream of every growing company: getting to the point where you can tell people business is smoothly humming along, and it’s actually true. Businesses that get to this level of smooth operation will often attribute it to maintaining their cash flow like the finely-tuned engine of business that it should be.
February 22, 2017
Cyber Security in SMEs While most companies are slowly becoming aware of the need for cyber security, this is typically viewed as an ‘in the future’ objective that is not critical for day to day business. Cyber security, as has been previously discussed, should always be viewed as businesses critical,…
February 9, 2016
An ideal set of procurement best practices can lower labor and material costs to boost the well-being of any business, so companies should keep best practices in mind when developing strategies that will work in today’s competitive sector.
November 17, 2015
The UK Government spends around £230 billion on products and services per year, with the complexity of procurement varying by project. Acknowledging the inefficiencies within the most recent Construction Strategy, set forth by both industry and government, a number of time or resource cost reductions were set to be achieved by 2025, with…
August 21, 2015
Procurement corruption is an ethical company’s nightmare. Sometimes the corruption is obvious, but often it’s subtle and seems harmless—such as when a vendor gives small gifts to a company’s procurement division. Even if it appears inconsequential, procurement corruption can affect both your company’s bottom line and its reputation. If you’re…
June 11, 2015
Over the past 15 years the frontier of a global economy has broadened extensively thanks to the Internet. And now more than ever, procurement cloud technology and globalization are taking procurement to the next level. While these advancements require companies to update their IT security measures, they also provide a slew…
March 4, 2015
To say that different businesses have different procurement processes is a sure fire way to win the most-obvious-sentence-of-the-year award.
October 7, 2014