Opinion: Is the procurement sector going through an identity crisis?
Procurement and Supply Australasia
by Silvério Governo
18h ago
In this article for PASA, Silvério Governo, New Zealand Country Manager & Head of Sales, Australia & New Zealand at Portt, an Advanced Company explores the concept of procurement’s identity crisis. The world of procurement has always been centred around processes, compliance and cost control. It’s a discipline where meticulous planning and execution have traditionally reigned supreme. Times are now changing and the procurement sector is undergoing a transformation that begs the question: are procurement professionals going through an identity crisis?  In the past, procurement team ..read more
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Cost-cutting CFOs consider procurement a ‘very big focus’ according to global survey
Procurement and Supply Australasia
by PASA
18h ago
As cost management and reduction becomes a leading priority for 2024, CFOs are turning to procurement, supply chains and manufacturing in a bid to cut the cloth, according to new global research from the Boston Consulting Group. The leading management consulting firm, which has offices in Sydney, recently conducted a survey of more than 600 executives to find out what leaders are saying about costs and growth in 2024. Reflecting recent findings from the Hackett Group’s Key Issues report, the data revealed that C-suite executives are making cost management their top priority to address lingerin ..read more
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Catch up on SAP and Procurement Leaders’ recent ‘AI in Action’ webinar
Procurement and Supply Australasia
by PASA
18h ago
Did you miss out on SAP and Procurement Leaders’ recent webinar titled AI in Action: Practical Use Cases & Adoption Strategies Delivering Impact? Now available on demand, the webinar is the first part in this insightful AI series, investigating how procurement can harness the power of AI to significantly improve outcomes for their organisations and simultaneously deliver value beyond savings. Lead by Danny Sack, Director of Product Marketing at SAP and Ian Lawless, Head of Content Partnerships & Events Director at Procurement Leaders, the hour-long webinar will: Cover several use case ..read more
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Travel category exclusive: Tony O’Connor explores the ramifications of Amex GBT’s acquisition of CWT
Procurement and Supply Australasia
by Tony O'Connor
18h ago
In this exclusive article for PASA, Tony O’Connor, managing director at business travel advisory Butler Caroye, explores the ramifications of Amex GBT’s recent acquisition of CWT. The Travel Management Company (TMC) is still the most important entity in your business travel supply chain.  It’s the TMC that largely determines your travel costs, service levels, risks and carbon. It’s the TMC that packages up and integrates a whole range of systems and services.  What the TMC does, charges and offers, and how it behaves and operates, largely determines things. Get big or go under Why a ..read more
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Human rights coalition calls on federal government to strengthen modern slavery laws
Procurement and Supply Australasia
by PASA
1d ago
In an open letter to the Albanese government, a coalition consisting of 41 human rights advocates and academics has urged political leaders to address major issues with Australia’s Modern Slavery Act and the proposed new anti-slavery commissioner role. Addressing Attorney-General Mark Dreyfus KC MP, the coalition asks for laws to be strengthened, requiring large companies to address modern slavery risks in their global operations and supply chains. The Modern Slavery Act 2018, which came into effect on 1st January 2019, heralded a new mandatory modern slavery reporting requirement for companie ..read more
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Gordon’s Window: February Research
Procurement and Supply Australasia
by PASA
4d ago
This month, in his exclusive PASA column ‘Gordon’s Window’, Gordon Donovan, VP of Global Procurement Research at SAP, provides a handy expert summary of February’s global procurement research.  Save your own time reading research when you can get the key takeaways in one place! The Hackett Group: Key Issues Report This was one of the most influential reports launched this month.  With an uncertain economic and geopolitical outlook, organisations are focused on protecting growth and building margin.  Procurement, in its efforts to align and be a strategic advisor to the business ..read more
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The Unfair Contract Terms regime undergoes reform
Procurement and Supply Australasia
by PASA
4d ago
The Unfair Contract Terms (UCT) regime has undergone a reform, making UCTs illegal and attracting substantial penalties while the class of small businesses that can rely on UCT protection has been expanded. The UCT law in its previous existence came into effect in 2010 and is contained within the Australian Consumer Law (ACL). At a recent PASA Connect CPO roundtable, Raihan Hossain Associate at HWL Ebsworth Lawyers explained that the amendments to the UCT regime commenced on 9th November 2023 and apply to contracts entered into after this date. Proposing, using or relying on unfair contract te ..read more
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WA floods affect local supply chains with truckies forced to take 2000km detours
Procurement and Supply Australasia
by PASA
4d ago
Major flooding in Western Australia (WA) has caused supply chain disruption with main freight routes in and out of the state submerged, leading to enormous detours of more than 2000km in a desperate bid to get supplies to communities. As record-breaking heavy rain battered the WA Goldfields and Nullarbor, the Trans-Australian Railway Line and the Eyre Highway were both cut. The latter – which was closed between Norseman, 700km east of Perth and Eucla on the WA-SA border – opened after several days. However, WA’s crucial railway line – which reportedly transports more than 80 percent of the sta ..read more
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Your input is needed: WorldCC launches Most Negotiated Terms Survey 2024
Procurement and Supply Australasia
by PASA
4d ago
World Commerce & Contracting (WorldCC) has launched its popular Most Negotiated Terms Survey to discover 2024’s key trends in negotiation – and your input is required. For more than 20 years, this respected survey has gathered the most negotiated and most important contract terms, with the results utilised by practitioners, academics and law firms to plan, strategise and educate. With input representing more than 8,000 negotiators, the Most Negotiated Terms Report provides insight into how the focus varies between industries and geographies. This year, it also delves into the challenges an ..read more
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AI in Procurement: Part 3 – Bots, Benefits & Ethics
Procurement and Supply Australasia
by Antonia Macrides
1w ago
In this exclusive series, we discuss AI’s impact on procurement.  We’ve unpacked GenAI in Part 1 and delved into the predictive power of Machine Learning in reshaping procurement strategies and decision-making in Part 2. In the final instalment, we pivot towards the negotiation arena, introducing Haggle Bots, and discuss the broader cases of AI uses across the end-to-end procurement process, exploring benefits and, finally, touching on the challenges and considerations. Let’s kick off talking about AI in Procurement Negotiations “Sharpen your pencil,” said the Haggle Bot. Haggle bots, al ..read more
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