The “Post-Pandemic dawn” for Financial Services Procurement In the immediate post-pandemic world, Procurement leaders in the Financial Services sector have resorted to a well-trodden path, managing suppliers and achieving compliance. However, there are two other strategic priorities which Procurement teams must consider as we transition beyond the Covid pandemic; the digital transformation of…

How Procurement can still make savings in a world of inflation Procurement in an inflationary world – the end of “easy” savings We are in for a sustained period of inflation. The economic balance of supply and demand has shifted for many commodities, materials and transportation, tipping economies into a period of escalating…

All retailers spend significantly on indirect spend, or Goods-Not-For-Resale. Spend categories such as Buildings, Installation & Fixtures, Logistics, Marketing, Facilities, IT & Telecoms, FM and Utilities can account for more than 1/7th of a retailer’s turnover and are often purchased by operational departments with no procurement support or, worse, left totally unmanaged, falling between functional…

The changing dynamics of procurement in financial services In a manufacturing environment, ‘direct spend’ is easy to define; the goods and purchases directly incorporated into a product being manufactured or sold. Direct spend typically has a much greater procurement focus than indirect spend; it includes the spend with key strategic suppliers and high volume…