The Improvement Cycle
Operational improvements focus on the prevention of errors, eliminating defects, cost reduction and doing things faster and more ...
The Kraljic Matrix
Managing suppliers correctly is important in procurement. It is a key part of risk management and achieving good value for money over ...
The Procurement Cycle
Procurement is about finding companies who can supply the products or services you need, at the right price and on schedule. Your aim ...
The Sourcing Process
Organisations need to be able to count on their suppliers for the products and services needed to deliver its own services, otherwise ...
Transparency in Procurement
What is it Transparency may be defined as timely and ready access to information in the procurement process, creating an environment of ...
Triple Bottom Line and Sustainability
The decisions you take when you buy products and services can have an impact outside your organisation. Communities and the environment ...
Types of Negotiation
What is it? Negotiation is a process through which parties move from their initially divergent positions to a point where agreement may ...
Types of Procurement Fraud
Procurement fraud comes in many forms. If you work in procurement it is important for you to understand how fraud takes place. Then you ...
Value Based Procurement
Over recent years, healthcare stakeholders have begun to address the challenges of unacceptable patient outcomes, unsustainable cost ...
Value-Adding Supply Chain Activities – Value Chain Management
Value chain management is the process of organizing all activities within the supply chain so that they add value in the most efficient ...
Vendor Managed Inventory
Vendor managed inventory (VMI) is a collaborative system whereby the vendor (supplier) is primarily responsible for managing the ...
Warning signs of unethical practice and social deprivation
Here are some of the warning signs that may indicate unethical practices are taking place: Higher-than expected return on investment. ...