Specifications - 5 Rights
In procurement, a specification is a detailed description of the goods or services required. It forms part of what are known as an RFQ ...
Supplier Selection and Supplier Appraisal
Choosing the right supplier is critical: the products you buy make up between 40% and 60% of end product sales and have a direct impact ...
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 ...
Specifications
Specifications set out the detailed requirements for the products or services you are buying. They make sure that the products and ...
Pre-qualification questionnaire (PQQ)
The search for companies to supply products or services to your organisation can seem time-consuming and expensive, even if the ...
Ask the Expert - Sourcing - Fundamentals 3 July 2020
Ask the Expert - Sourcing Fundamentals Q&A Q 1 - Does market research make any sense when sourcing during this COVID-19 Pandemic? A ...
Ask the Expert - Sourcing - Operational
In this session we covered the key activities of the sourcing process in more depth. We looked at the various sourcing strategies, ...
Cost Analysis
A challenge in procurement is knowing the true cost of products and processes. This is important to your understanding of what is good ...
Whole Life Costing
When you are buying products and services for your organisation it is important to know how much it is going to cost. This is not as ...
Ask The Expert - Apply the Model - Kraljic's Matrix Assets
Here HPA has provided the theoretical principles of Kraljic’s Matrix and also incorporated practical application of these principles ...
The Generic Tendering Process
When you buy products and services for your organisation, it is better to be able to choose from a number of suppliers. This way you ...