Maximising Savings through Data-Driven Decision Making
Running a business in today’s Digital Era comes with its own set of challenges. If you’re in the public procurement sector, you know this to be true and are ready to meet the demand of a changing industry. That’s why you’re interested in data-driven decision-making. It’s important to note that you’re not alone. Leading industry […]
What Procurement Professionals Need to Look Out for During a Recession
In times of economic downturn, procurement professionals face unique challenges that require strategic planning and proactive measures. Here we will be highlighting such challenges, including that reduced demand, changing regulations and cash flow management. Respectively, it will provide actionable strategies with real-world examples to illustrate key concepts and emphasize the importance of proactive planning and […]
Government Tenders: Holding Net Zero at the Heart of Procurement
Did you know the earth is about 1.1C degrees warmer than it was in the 1800s? Net Zero is all about cooling the earth down. The goal of government tenders is to help public sector buyers buy products and services in a fair and open way. But also, to consider what impact these tenders have on the […]
Top 7 Tips for Ensuring Procurement Compliance
It’s true that your top priority as a business owner is always going to be the bottom line. Dealing with the proper procurement methods can be more complex than that, though. There’s procurement compliance to deal with, for instance. There are also other legal considerations to remember. Even leading business experts recognize the value here. […]
This Is How Manufacturers Are Dealing with Inflation
Unless you’ve been living under a rock for the past year you might have noticed that things are a bit more expensive, of late. In fact, in the U.K. inflation has soared to 11.1% in October. Inflation is a major concern for manufacturers. As the cost of goods continues to rise, manufacturers need to find ways […]
Social Value in Public Procurement: How Does It Work?
Did you know that public procurement takes up a significant portion of government spending? In the United Kingdom, for example, public procurement accounts for almost £379 billion in 2021/22 – a 7% increase from the year before. Given the large role, it’s no surprise that there is a growing interest in using public procurement to create social […]
Why Dynamic Purchasing Systems are the Answer to Your Procurement Prayers
It is no secret that the procurement process is a difficult and complex system to navigate. However, dynamic purchasing systems, or DPS, are revolutionising the procurement market. Designed to make life easier for buyers and suppliers alike, DPS streamlines the process of buying goods and services. But what are they? Who needs them? And how […]
Gaining a Competitive Edge With Your Procurement Strategy
In 2021, the UK government attempted to level the playing field in government procurement. Since then, small businesses have been able to use their procurement plans to get ahead in the game. There are a lot of factors to consider when trying to gain a competitive edge with your procurement strategy. In this article, we will […]
Can Procurement Fight Inflation?
This October, inflation has hit 11.1% – up from 10.1% the month prior. It’s no secret that the market has seen widespread volatility over the past few years. Conflicts like the war in Ukraine, the pandemic, and other unforeseen variables have added to this. As businesses try to navigate this uncertain market, it’s clearer than […]
E-Tendering: A Future-Proof Solution?
Did you know that there are 5.5 million workers in the public sector? The industry continues to grow, and as such, companies need to streamline their tendering processes. E-tendering is on the rise. As public sector organisations become more aware of the benefits e-tendering can offer, we’re seeing an uptake in its use. In this blog […]