Tools and Tips

Outsourcing from a Supply Chain Perspective? 9 Tips to Consider

Start with the end in mind. As much as the goal is for the outsourcing deal to succeed, think about how your organisation would recover if the deal fall apart.
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Calculating Opportunity Costs? 9 Steps to Consider

Calculating opportunity costs from a procurement perspective involves assessing the potential benefits or value that could have been gained by choosing an alternative procurement option.
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Calculating Supplier Costs? 6 Key Steps to Follow

Calculating supplier costs as a procurement professional involves considering various factors. Here are the key steps to follow.
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Calculating the Cost of Processing Purchase Transactions? 9 Steps to Consider

Calculating the cost of processing purchase transactions as a procurement professional involves considering various factors.
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Analysing a Supplier’s Financials? 10 Steps to Consider

When analyzing a supplier’s financials as a procurement professional, consider the following steps.
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9 Factors to Consider with a Breach of Contract

When dealing with a breach of contract, consider the following.
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8 Steps for Building a Total Cost of Ownership (TCO) Model

Building a Total Cost of Ownership (TCO) model as a supply chain professional involves several steps. Here is a simplified explanation of the process.
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8 Sources of Power in Negotiations

In negotiations, power means having the ability to control or influence the outcome of the discussion. There are different ways people or groups can have power in negotiations.
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7 Tips on Contractual Terms

In the video below, Ronald Mlalazi, (MCIPS, FCIPS, MSC, MBA) is presenting on Contractual Terms, which is part of the CIPS Curriculum for CIPS Level 4.
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20 Tips for Getting Compliant Proposals from Suppliers

Proposals can contain a lot of information and are the basis on which procurement decisions are made. Therefore, you must evaluate them carefully for compliance with your requirements.
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