With so many spend categories to consider, each providing varying savings opportunities, pinpointing the indirect spend categories which will reap potential savings or minimise cost increases through eSourcing is a regular, everyday focus for procurement professionals.
From feather dusters to Kangaroo glue (!), we’ve seen a wide-range of products and services sourced via web3 eSourcing and to assist procurement professionals, we’ve come up with a (by no-means definitive) list of spend categories which can offer the most lucrative, repeat or surprising savings opportunities in our interactive eSourcing Savings Visualisation. Read More
Peter Kinder, Chief Technical Officer at Wax Digital advises on the critical importance of Disaster Recovery when hosting data in the cloud.
In the third and final installment of this exclusive blog series looking at security in the cloud, I’ll cover a crucial element of security; disaster recovery (DR). Read More
Congratulations to Wax Digital Business Analyst Brian Couzins who recently completed the final 3 square miles of the challenge to walk the entire 555 square miles of the Peak District.
With several Wax employees at his side, Brian completed the last few miles of the walk at the Marsden Clough Valley in Holme and walked straight into the record books as the first person to complete the gruelling challenge.
Although enjoyable for the most part, the feat was not without its obstacles; of which included Brian being air-lifted to hospital after a bee-swarm attack a few years ago. He bounced back from this minor set-back however to finish the challenge which in total took seven years and over 180 separate walks. Read More
Highlighted by a myriad of major news stories earlier this year, the dangers of outsourcing have once again been put firmly in the spotlight.
The high-profile cases of the horsemeat contamination scandal as well as the Bangladesh factory collapse have served to encourage even the most diligent procurement director to take a deeper look at supply chain risk and management.
When establishing an outsourced supply of goods or services the issue of sub-contracting is typically covered in initial contract negotiations, yet unauthorised subcontracting can still occur, especially if ‘on the ground’ checks are not made. Unauthorised sub-contracting is a huge potential risk to supply chain deliverables and quality and one that many buying organisations address through technology, best practice process and effective supply chain management. Read More
With tighter budgets, and increasingly fewer resources, it has never been more crucial for procurement teams to maximise time efficiency throughout the purchasing lifecycle and create cost savings wherever possible.
Even with the economy starting to pick up, many organisations are still recovering from the financial difficulties of recent years. It is during this recovery period that critical internal changes should be made to ensure that they have the biggest impact when moving forward into a more secure economic environment.
There is an ever increasing focus on SRM and the importance of enhancing supplier and stakeholder relationships is now a key business focus for many organisations. But recent reports suggest that many procurement teams simply don’t have the resource to concentrate enough time on these essential areas, cementing the need for time-saving technologies and strategies. Read More
Independent procurement consultant, John Martin recently spoke at the eWorld purchasing and supply conference in conjunction with Wax Digital.
John has a wealth of experience working with leading organisations including Dixons Retail Group and having recently worked on Wax Digital web3 implementation projects for some of his clients, John hosted a session looking at the topical subject of supplier engagement – A Supplier’s Journey: From paper to procurement excellence.
You can watch the whole supplier engagement speaker session video on our YouTube channel but for those who want a quick overview we thought we’d highlight a few of the key take-home messages that John covered. Read More
After a catastrophic year for the retail sector, it looks as though things could finally be on the mend, with recent acquisitions and increased revenues brightening the previously bleak outlook.
With several big names going into administration in 2013 including Jessops and Blockbuster, following on from a whole host of collapses last year, the future outlook for the high street has been hanging in the balance.
But in a dramatic turnaround, investors are actively seeking to save the UK’s traditional big brands, with Dragon’s Den star Peter Jones recently buying camera retailer Jessops, and restructuring expert Hilco stepping in to rescue HMV, it is a positive sign to see emerging opportunities in the high street. February even saw national retail sales rise by 2.1% compared with January and some retailers including John Lewis and Ted Baker even posted significant profit increases. Read More
With the current tough economy showing little signs of improving, big businesses are pledging to assist their suppliers where they can to help both parties stay in business.
In a move which is rarely seen, there have been recent reports that several big brands have offered financial assistance to their suppliers during the downturn.
Procurement Leaders reported that car manufacturer Tata has agreed to offer financial backing to its suppliers, in a year where car sales are set to dip even lower.
Tata Motors which owns the brands Hyundai and Kia, will be extending the financial backing out to subcontractors, meaning that of the 300 suppliers involved in the programme, there will also be up to 5000 subcontractors. The car manufacturer has had a history of SRM excellence, setting up their Supplier Support Programme in 2002 with an estimated $55m investment to help boost product and technical competitiveness. Read More
In the first blog analysing security risk in the cloud, we looked at attitudes towards cloud computing and outlined the benefits of the cloud as opposed to utilising in-house hardware and software.
In this second instalment, Peter Kinder, Chief Technical Officer at Wax Digital delves into the world of supplier selection, helping to uncover the key elements to consider when choosing a cloud provider.
In a process not too dissimilar to the usual supplier selection process, the buying organisation must take into account client references, previous track record for security, implementation experience etc., not forgetting disaster recovery planning, SLA’s and KPI’s . Read More