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Wed 22 Oct 2014
David Rae David Rae

Cost modelling is, of course, one of the levers that, when utilised correctly, by procurement can deliver the most impressive results. I remember speaking at length to former Royal Philips CPO Neil Deverill about how much he loved should-cost modelling, and how Jimmy Anklesaria of Anklesaria Group, and a should-cost guru, felt it was one of the profession’s secret weapons.

Comment

Wed 08 Oct 2014
David Rae David Rae

The ability of procurement to squeeze the same year-over-year cost savings out of the same categories and suppliers has diminished, and a more creative and comprehensive approach must be considered to engage financial and tax expertise to continue to drive benefits, according to a recent article.

3 comments

Wed 01 Oct 2014
David Rae David Rae

The Indian Space Research Organisation's latest achievements prove just how far a few million dollars can go and could provide a valuable lesson in procurement and cost-effective engineering to us all.

Comment

Wed 24 Sep 2014
David Rae David Rae

Research conducted earlier this year into procurement operating models brought to light several worthy insights, but one in particular stood out for me and is particularly relevant to this argument – that the process of change in itself is just as powerful as the end result.

1 comment

Wed 27 Aug 2014
David Rae David Rae

What impact it will the next wave of technological advancement have on procurement? The answer to this is both refreshingly simple and maddeningly complex: it will impact everything.

2 comments

Wed 19 Feb 2014
David Rae David Rae

One of our members recently posed a question to the wider Procurement Leaders community: how successful do you find P&L savings, working capital management and supply base simplification as KPIs? And, if they aren’t good metrics, which are better?

1 comment

Tue 24 Dec 2013
David Rae David Rae

Hosting events all over the world and talking to procurement executives from all industries and regions has given us a good perspective on what might lie over the horizon, from technology to unexpected growth opportunities and new roles.

 

So here’s six thoughts about 2013 for you to ponder.

 

2 comments

Fri 29 Nov 2013
David Rae David Rae

A little while ago, I attended a roundtable event in London hosted by Business in the Community after Procurement Leaders was asked by the charity to support a new initiative it is promoting called The Access Pledge.

1 comment

Wed 13 Nov 2013
David Rae David Rae

It doesn’t take long at a procurement conference in Asia before the subject of talent raises its head, and so it was in Singapore at the latest Procurement Leaders conference where Luc Broussaud delivered the first presentation of the day, ‘Successfully attracting & retaining the talent pool’.

Comment

Tue 12 Nov 2013
David Rae David Rae

Do you know what your suppliers think of you? The temptation is to assume that because a supplier is benefiting from your business, then it must think very highly of you indeed. These lofty thoughts are magnified as the value of contracts increase.

1 comment

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