Business advisory
What is the audit of the company?
The audit of a company should be carried out by an independent auditor. Only then the evaluation and further documentation as well as the new strategy will be prepared in an objective manner. Business audits may have different goals and final results. What is the business audit, what are the types of audits and offered…
Read MoreAreas of business consulting – classification
Very often starting a business people are convinced about the reliability of their strategy. Equally often, running a company for many years, people assume that their processes are reliable. Even if they can observe imperfections and complications. However, to be sure that the company strategy is as optimal, it is good to know the opinion…
Read MoreSupply chain security thanks to blockchain technology
Resilience of the supply chain to threats that may occur along the way of the entire process is an unquestionable basis for every business. Regardless of how complex the company structure is and how extensive the entire process is, proper supply chain management tactics and tools will not only improve the quality of services provided,…
Read MoreRisks associated with e-auctions – how to deal with them?
Purchasing e-auctions, also known as reverse auctions, are an interesting solution that can bring significant savings. It is not surprising, therefore, that they are gaining more and more fans. It is generally believed that e-auctions can improve price effectiveness. They can also allow partial elimination of time-consuming and often complicated business negotiations with suppliers. However,…
Read MoreWhat is the competitive advantage?
We have repeatedly written about competitive advantage on our blog. We also emphasized the importance of conducting business negotiations and managing relationships in the way supporting the competitive advantage. But what is the competitive advantage? And what are the most effective methods of achieving it? What is a competitive advantage? The competitive advantage is when…
Read MoreIs the audit beneficial for suppliers?
On our blog, we have described the benefits of periodic audits several times. However, we mainly focused on the benefits for purchasing organizations. Meanwhile, regular checks are also a value for suppliers. And that’s the value they get for free. Below are the 3 most important reasons why suppliers should be audited: Increasing reliability Positive…
Read MoreAudit of contracts – part I
The purpose of the audit of contracts is to identify internal and external risks associated with cooperation with suppliers and design a program of activities to increase the profitability of business relations and increase the competitiveness of the company. How does the audit of contracts works?? The model contract auditing process consists of several basic…
Read MorePurchasing department as a leader of innovation
Many experts predict that the responsibilities of purchasing departments will change in the near future. In the greatest simplification, buyers will no longer be responsible only for acquiring raw materials, goods and services but will become the most important in generation of new ideas and innovations. Transformation as a result of previous successes Responsibility for…
Read MoreBuyers’ competences according to the leaders
In the previous post, we raised the subject of new competencies that are required from buyers. This time, we will consider how the new challenges in development are assessed by the purchasing department managers. Are purchasing department’s employees ready for new challenges? Or maybe there is still a lot to do in this area? An…
Read MoreThe new competences of Buyers
To keep pace with market trends, purchasing is evolving with unprecedented dynamics. Companies invest huge resources in activities aimed at increasing the role of purchasing departments. The goal of the investment is to get buyers out of the traditional role of “cost guards” and increase the potential added value they can bring to organization. The…
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