Tag Archives: Future Proofing Procurement

Spend Assessment is about obtaining procurement insights to drive smarter, fact-based and sustainable decisions​. Spend Assessment or Spend Analytics is the process of collecting, classifying and analyzing historical expenditure data to obtain actionable insights to reduce costs, improve purchasing efficiency, and monitor controls and compliance. ​ Spend assessment should be at the foundation of every procurement function, as it isContinue reading “What is Spend Assessment​?”

Creating a more resilient procurement function to achieve high performance in times of high volatility in commodity prices. Mining procurement teams face the unique challenge of dealing with the volatile nature of commodity prices. Combined with the fact that the acquisition of goods and services can make up to 95% of the AISC, procurement hasContinue reading “Future Proofing Procurement in Mining”

Creating a more resilient and responsive procurement function to achieve high performance in times of high volatility in commodity prices. When embarking on a journey to future-proof the procurement function, the most critical decision a company faces is defining an operating model that is, at the same time will be efficient and effective, and alsoContinue reading “Procurement Operating Model for the Mining Industry”