Understanding the challenge...
Today, risk to your institution can come from anywhere. Procurement processes, and the supplier relationships inherent in them, are no exception. In the past you could rely on internal controls to manage rogue spend, and on simple sourcing due diligence to identify potential supplier risk. However, it’s no longer sufficient to rely on risk measures focused primarily on evaluating supplier financial stability and collecting insurance certificates. New risk and compliance drivers such as OCC 2013-29, the Bribery Act of 2010, the Foreign Corrupt Practices Act, and the impact of supplier actions on brand reputation, have changed the game by dramatically expanding the risk profile of supplier relationships.
How the rules of enterprise mobility procurement have changed, what needs to be addressed and its impact on your business.
Comensura is a supply management specialist who manages the supply of temporary and contractor labour into large organisations in the public, private and not for profit sectors. Established in 2001, we are a market leader with an extensive client base of customers across multiple industries in both the United Kingdom and Australia. Our services are known as neutral vendor managed services as we do not supply labour directly.
Unlocking Strategic Value for Procurement, Supply Chain, and Finance Professionals
The importance of validating what is on an applicant’s CV
Managing indirect- and tail-spend when the procurement function does not have control over their organisation's entire spend inevitably leads to a range of challenges. Supply Management and Expense Reduction Analysts asked 360 procurement professionals ranging from CPOs to junior buyers about these challenges and how they might be addressed.
The procurement sector weathered the recession well, and the jobs market is buoyant. As companies look to rebuild themselves, procurement continues to play a major role in implementing cost-saving measures across organisations.
The winter edition of the 4C Food and Drink Industry Procurement survey takes a closer look at the ramifications of the horsemeat scandal, how organisations are optimising indirect spend and considers how procurement can deliver better value to their ‘real’ customers.
Compliance ranks highly as a major concern for CPOs. The cost implications of maverick spending are significant for procurement. It’s not just the bottom line they affect – procurement’s reputation can be damaged, supplier relationships jeopardised and legal risks may be a concern.
According to Gartner, North American companies spent $1.4 billion on sourcing and procurement applications in 2013. While some companies are getting their money’s worth, far too many are not getting anything for their investment.