Supply chain disruptions can cost businesses dearly, but resilience can turn risks into opportunities. Learn practical strategies for small businesses to strengthen their supply chains, including real-time tracking, alternative sourcing, and effective inventory management. Stay prepared and stay ahead.
Purchasing & Cost Reduction
Improve your buying skills
Most small businesses need a technology supplier. If you are not savvy, you could be wasting 30 per cent of your budget by paying too much. To reduce costs, you need to understand how the supplier margins work. There are two simple elements to a supplier margin: the...
Managing Costs – 4 Factors
Managing Costs on IT products and equipment is extremely difficult for organisations. Independent survey reports, analysis of purchases and consistent client results support the fact that 81% of organisations will pay more than they should on everyday tech products....
Managing Perceived Over Valued Products
Occasionally an organisation will have a specific product or service that will have a perceived higher degree of importance. It will actually be or be seen as fundamental to the success of the business and any disruption could cause irrevocable damage to its standing...
Commodity Insight – Stationery or Office Consumables
Here are all the points that you should look to cover when looking to reduce costs and maximise value in this area: Obtain itemised details of your historic purchases over the last 12 months. This should include product code, description, UOM or pack size, quantity...
Procurement Case Study – Restructuring a Vital Supply Base
The Client National Materials Testing OrganisationExtensive & Varied Customer BaseVast Array of Specialist Services Provided The Problem The nature of the client’s business meant that they required a wide range of highly educated and specialised personnel. Roles...
Contracts Are Not Straightjackets!
Introduction Where appropriate, contracts can be good for both the supplier and buyer. They should clearly confirm the details of the agreement that has been reach, the responsibilities of each party and the overall terms of the agreement. However, it is important...
Managing New Products & Services
Blog by Neil Grime - view his profile> Businesses need to make big decisions all the time and the subject of purchasing and supply is no exception. A Potential Scenario A business purchases a critical item for one of its main products. The demand is high but it is...
Businesses need to make big decisions all the time – purchasing and supply is no exception.
Blog by Neil Grime - view his profile> A Potential Scenario A business purchases a critical item for one of its main products. The demand is high but it is more than 50% of the total cost. The margin on the product is very low They only use one supplier and they...