How to make a ‘high risk’ purchase
Stephen Ashcroft provides some considerations when embarking on high-risk, high-value procurement exercises.
Stephen Ashcroft provides some considerations when embarking on high-risk, high-value procurement exercises.
Managing supplier engagements can be tough for those without a procurement background. Stephen Ashcroft has a list of 10 simple questions that will improve their approach to contracting.
It is logical for buyers to want to understand a supplier’s cost drivers, says Stephen Ashcroft. But getting vendors to agree is another matter.
Many buyers have contracts linked to the retail or consumer price index, says Stephen Ashcroft, but have you considered an alternative?
Stephen Ashcroft advises taking a more rigorous approach to this potential area of risk in 2013.
Stephen Ashcroft offers advice on the challenges that must be overcome and the method to achieve ‘goal congruence’.
It is vital there is clarity about the terms used in agreements between buyers and suppliers, says Stephen Ashcroft. He explains some of the key words and phrases for buyers to look out for.