Business advisory
What 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…
Read MoreDigitization of the supplier management area – the most important benefits
Supplier management is an area that traditionally requires the largest participation of people. However, as is the case in other departments of the company, innovative technological solutions allow you to optimize the efficiency and commitment of employees of the purchasing department. Let’s look at the benefits that digitalisation of this area can bring. Increased efficiency…
Read MoreIT system vs business negotiations with suppliers
On our blog, we have repeatedly discussed topics related to the use of IT systems in building a purchasing strategy and ongoing supply chain management. However, the IT system can also be used as a tool to help prepare business negotiations with suppliers. And for at least two reasons. The first is the ability to…
Read MorePurchasing strategy as a source of competitive advantage
The purchasing strategy is one of the pillars supporting the company’s competitive advantage. Building a coherent vision of the supplier base, eliminating weaknesses and focusing on the advantages allows on the one hand to generate savings, and on the other to build trust and loyalty of customers.
Read MoreHow to solve problems during building a purchasing strategy?
Preparation and implementation of the purchasing strategy isn’t an easy task. All the more so, because the strategy that suits the needs of the organization in this area, is not only a source of savings. It’s also one of the most important competitive advantages and one of the best ways to build customer satisfaction and loyalty.
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