The primary role of the procurement professional is to help an organisation meet its collective goals and objectives. The collective goals of a business or organisation might include a wide range of objectives such as, profitability, standing in the marketplace, market share, competitive position in terms of the quality and […]
The Modern Business Environment – the foundation for effective governance.
The modern business environment characterizes the management style, corporate culture, values, philosophy, operating style, the organisational structure, and the human resources policies and procedures deployed by the Chief Executive Officer or the governing body of an organisation. It is the foundation […]
Is procurement and supply chain management important?
Not to some international organisations involved in Procurement – Marketing Services it seems. I read recently that Proctor & Gamble propose to follow PepsiCo’s decision (made back in 2015) to get rid of its procurement function that buys marketing services! This does not say much […]
Governance failure in major airline.
Has their been a “governance failure – major airline”, British airways? Judge for yourself:
Fights cancelled worldwide;
Thousands of passengers forced to sit in aircraft stranded for hours;
Lack of information for passengers;
A likely compensation bill of £100m;
A public relations […]
What is meant by Risk Management & Internal Controls
Risk Management & Internal Controls – Standards, guidelines, resource centres, institutes, gateways; an entire industry formed around fundamental business practices commonly known as risk management and internal controls. Yet, how much is really known about this business process and how much of […]
We often hear about the ‘dysfunctional internal controls environment’. Here are some interesting headlines I came across in the press recently, all in the space of two weeks. I felt I should share these with you.
“Three snared after Barrett fraud probe”. Barrett is one of Britain’s biggest house builders. The […]
What is the difference between Internal Audit and Internal Control?
I am frequently asked the question; ‘What is the difference between Internal Audit and Internal Control?’ There is a huge difference in the professions.
Internal Audit is the frequent or ongoing audit conducted by an organisation’s own personnel. The Internal Auditor […]
Procurement is a tough business, I know, but the continuous ‘marketing’ of the procurement profession by some Chief Procurement Officers and others lends itself to comparison with a search for the Holy Grail.
I hear in discussions and also read from various sources and articles that procurement is the single largest […]
“Innovative Procurement & Procuring Innovation” …. Yesterday 28th June, the President of The AICP Allan Robertson gave a resounding presentation on innovation in public procurement to delegates attending the 9th Public Administration Reform Symposium organised by the International Centre for Parliamentary Studies held in London. Delegates from Europe, Central Africa and as […]