Procurement Templates
NOVEMBER 11, 2022
The UK Government amended the Climate Change Act 2008 in 2019 by introducing a target of at least a 100% reduction in the net UK carbon account (i.e. 1 Climate Change Act 2008: www.legislation.gov.uk/ukpga/2008/27/contents 1 Climate Change Act 2008: www.legislation.gov.uk/ukpga/2008/27/contents
Procurement Insights
JANUARY 3, 2025
Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.
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Procurement Insights
JULY 8, 2024
From our experience at a high level, in 2024 companies budgeted for a recession. Here is a paper I wrote in 2008 – [link] These failures are not due to the technology in each of these generations. If 85% GenAI projects failed in the last 18 months, why are most companies increasing budgets in 2024 and 2025?
SCMDOJO
FEBRUARY 19, 2024
2007) According to Abramowich (2008) leading Six Sigma companies no longer just talk about quality or cost reduction. Figure-d: A New Lean Six Sigma (source: Abramowich, 2008) Deployment Models Various deployment models have been proposed to guide organizations in implementing Lean Six Sigma effectively. Hoerl, R.W., 38-39 Achanga, P.,
Zycus Cognitive Procurement
SEPTEMBER 15, 2022
According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. This is to enable greater autonomy and agility. .
Procurify
AUGUST 11, 2022
Extreme cost-cutting: Companies that aggressively cut budgets from R&D investments, sales, and marketing budgets, or worse, valuable talent, may end up making the situation worse for themselves. A big mistake made during a downturn is cutting marketing and sales budgets. What not to do when preparing for a recession?
NLPA (Next Level Purchasing Association)
JUNE 23, 2022
Act as a forum for disciplined discussion around setting policy, strategy, risk and budget changes. It intends to add clarity, referring to the executive or volume element of the morphed definition. The term first appeared in print in the 3rd Edition of their book “Sales and Operations Planning – The How-To Handbook” (T.F. Wallace and Co.,
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