Freelance Sourcing

Full-time job opportunities have shrunk for sourcing professionals during the pandemic, according to the BuyHive report.  Sourcing and procurement professionals provide a vital link between exporters and global buyers and are typically employed by the latter for identifying and dealing with local manufacturers and suppliers. India is home to over two million sourcing professionals, according …

89% sourcing professionals are considering freelance as a long-term career Read More »

A procurement professional should know how to influence and negotiate, the basic business drivers in their organization and how they impact them, how to budget and set timelines, what world class procurement looks like and how to use rigorous spend analysis to drive prioritization and performance. These 8 books can equip supply chain professionals and …

8 books every procurement professional should read Read More »

The phrase ‘Knowledge is power’ is certainly true when it comes to sourcing products at the best price and terms possible. In this product teardown, we outline the components of a standard tub of moisturizer, share a free template of a cost card, and explain how powerful a product teardown can be to a procurement …

Product Teardown – what makes up a tub of your favourite moisturizer? Read More »

In recent decades, US and EU markets have outsourced a lot of their production to lower cost centres in Asia. Now with the rampant rise in transportation costs (up approximately 500% in the US from a year ago[1]) and energy costs (oil prices are up by more than 65% since January[2] ), the entire supply …

​​The supply chain crisis: How procurement is key to future proofing our supply chains Read More »

It is understood that procurement innovation is vital to growth. In recent years, businesses have been working hard to reduce their costs to keep their companies going, while still maintaining customer satisfaction. As the economy begins to get back on its feet, organisations are repositioning their focus towards growth, which is heavily reliant on the …

Top Four Barriers to Procurement’s Contribution to Innovation Read More »

The first important point is knowing and understanding what KPIs are and why they are used. Procurement KPIs are a type of performance measurement tool that can be employed to evaluate and keep track of the efficiency and effectiveness of a company or organisation’s procurement management. They serve to enable, optimise and regulate spending, quality …

Top Five Procurement KPIs  Read More »

In order to remain successful in today’s modern business environment, it is crucial to not only know where your money is going, but that it is being used properly. Procurement reports and frequent process analysis will help to ensure resources are being distributed and managed appropriately; various types of procurement reports can be used to …

Four Examples of Procurement Reports Read More »

There are certain tools and frameworks that every procurement professional should be aware of and using from day one of a new role or assignment. The following 3 frameworks should be used when you are trying to understand the overall category dynamics, how to approach a negotiation, how to segment your suppliers and how to …

The 3 basic frameworks every procurement professional should be using Read More »