The Procurement Intelligence Unit is in the midst of its research into Requisition-to-Pay processes, and the the findings show weaknesses of current providers.
Value creation is the next stage in procurement’s journey. The function has matured from its previous preoccupations with price and cost, and it’s now looking to make a bigger impact in business.
The PIU has recently closed a survey focused on the Requisition-to-Pay (R2P) process. The most interesting aspect is not what is said by respondents, but what is not said.
It's coming to the first anniversary of the UK Bribery Act's introduction. The Act caused a frison of fear throughout the business industry when it was introduced.
A recent PIU study shows that women's salaries still very much lag behind men's. Following from Sanna Pearson's blog, it seems as though the careers of female procurement officers cannot breach the glass ceiling.
Procurement rarely has its moment of glory. Arguably, it never has. But international politicians are currently abuzz with the prosaic world of tenders and contracts.
Today is 'Budget Day' in the UK. The government's central aim is to rebuild the lost UK manufacturing base. It will be hard to see how the Government can fix a sector of the economy which may be permanently broken.
There have been many developments in risk mapping and prediction software since a 15-metre wave travelling at 800 miles an hour struck the south of Japan on 11 March 2011.
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