It has long been recognised that there are three important levers to increase procurement capability – people, process and technology. While much activity has been focused on the first two components, Procurement and Supply will host the first-ever two-day event focused on procurement technology.
Are we finding it more and more difficult to resist the giddy extravagance of the festive frenzy? Are we really doing our best to keep costs down by comparing prices and seeking greatest value for money?
Whether your company is public or private, a start-up employing just a handful of staff or an established firm turning over large amounts of money, transparency is not simply an added bonus but an essential aspect of the procurement process.
There’s no doubt about it, negotiating a bargain-basement price gives every buyer a bit of a buzz. But once the excitement of cost cutting dissipates, will your new supplier be able to live up to expectations in other areas?