Joe O'Mahoney, Professor of Consulting at Cardiff University, explains how to employ the right consultancy for your business. Oddly, whilst the top ten consultancies have grown seven-fold since 1990, it seems that not a week goes by without a major failed project or scandal hitting the business headlines. The two are not unrelated. Resisting pressure […]
Having a well thought out procurement transformation plan is a critical starting point for any cost-saving mission; but without board approval, that’s all it is – a plan. To put this plan into action, the Chief Procurement Officer (CPO) needs to pitch transformation as a business proposition, and this begins with a baseline savings plan. […]
Organisations are realising that an effective procurement function is no longer a ‘nice to have’ back-office function, but a sole entity to add genuine and tangible value to their businesses. Companies that oppose silo mentality and work to break down departmental barriers can make far better use of the procurement function, say Efficio experts and authors […]
I found myself in my local bookshop the other day. Browsing for books – both new and second-hand – is one of life’s great pleasures but on this occasion, I couldn’t help but notice the sheer volume of leadership books on display. Perhaps the pandemic has prompted a rush on self-help manuals or maybe there […]
A click here, a click there; technology has never made it easier for us, as consumers, to purchase what we need. For the corporate world, however, with a myriad of moving parts, this is a very different story. It’s easy to forget just how vastly the buying process differs for corporations versus consumers. For the […]
Born in Germany, living in Spain, and finally migrating to England at just 12 years old, Alex began his career in consulting after achieving a BA from the University of Bristol and an MBA from Manchester Business School. Alex was driven to the industry of procurement by a desire to make a big impact, recognising […]
Alex Klein, COO and Co-Founder at Efficio Consulting, explores why now is the time to focus on procurement. The coronavirus pandemic threw the spanner of all spanners into supply chains across the globe, effectively stopping them in their tracks. Amidst the fallout from border closures, lockdown restrictions, and budget cuts, businesses with a two-hand feel […]
Nothing is as invisible as the obvious, but chances are, you’re not paying close enough attention to notice. Take your workforce for example. On average, almost half of the workforce spend is on non-payroll workers and service providers. It is assumed that human resources, procurement and department managers have a handle on how this ‘external […]
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