Saturday 27 July 2013

Emergency Procurement and Procedures as a Purchasing Policy (Part 2)

Authored by Azra Sultan

Previously we discussed the term emergency procurement and the methods for acquiring goods and services during this process. The key aspect now is to understand how to plan individual emergency procurement. Whether man-made or natural, preplanning can always minimize the risk factors involved in an emergency procurement. There are some pre and post emergency methods which may help the procurement department respond to situations proficiently.

Tuesday 9 July 2013

Emergency Procurement and Procedures as a Purchasing Policy (Part 1)

Authored by Azra Sultan

Any organization’s general concern, especially from any service industry, is to cater for emergency requirements. During the course of consulting it is often observed that in order to achieve this, procurement departments find it difficult to operate through normal procurement policies. Contracts from existing contractors often stand ineffective based on immediate needs and depending on the severity of a disaster incident. It is therefore important to establish an emergency procurement and purchasing policy prior to emergence of such situations to ensure that the cost spent on such commodities is reasonable and procedures are well followed. While establishing a procurement policy, it is also essential to clearly define the criteria for situations requiring prompt and immediate action to limit or avoid damage to person, property or service standard of the organization.

Thursday 4 July 2013

Reaping the Spend Benefit

Authored by Usama Shahid

What is your spend opportunity? When you take into account that supplier spend can represent from 40-80% of revenue (dependent upon industry and organization), and that indirect spend is a large portion of supplier spend (at least 55% for non-manufacturing companies and as high as 50% for manufacturing organizations), the opportunity for Strategic Sourcing Centers of Excellence to capitalize on all types of spend is extreme. And for those looking for quick win, a laser focus on only indirect spend can bring vast rewards.