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.
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.
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.
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.
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.
Supply chains are always under pressure. Cost-cutting, overseeing complex and globally-distributed operations, managing the high expectations of empowered consumers, ensuring supply chains are sustainable and ethical: supply chain professionals have their work cut out.
View the on demand link to hear our panel of experts explain:
• How to gather feedback from your business traveller
• What tools organisations are using to monitor travel spend
• How you can ensure compliance from business travellers
• Tips for saving money across your corporate travel programme
Organisations today have to be able to categorise their suppliers in order to focus their procurement activities and better manage their external spend. Quick wins can be achieved through categorisation by examining an organisation's external spend, paired with other criteria.
Five steps to create a business case for procurement technology