International law firm Kennedys is rolling out the Wax Digital web3 Purchase-to-Pay (P2P) procurement platform to bring tighter financial controls, governance and efficiencies to IT purchasing processes across the entire global organisation.
With 19 offices worldwide and 1,200 staff the firm’s IT team identified the efficiency benefits the new procurement platform could deliver on an international scale. The team will use web3 for all IT spend in the first instance before rolling out the system further to other departments in the UK, then internationally at a later date. Read More
In an exclusive post for the Supply Management blog, Wax Digital’s Daniel Ball discusses the concept of the preferred customer.
In procurement parlances the concept of preferred suppliers is far from new, but what about the preferred customer? While most organisations segment and rank their customer base to some extent, is there value in the buying organisation itself proactively seeking a preferred position with its suppliers? Increased attention being placed on supplier relationship management in corporate purchasing strategies and procurement software suggests this is so. Putting yourself in pole position with those you buy from is becoming a strategic imperative with benefits for you as the customer too.
Peter Smith of Spend Matters UK/Europe speaks to Caroline Hastings, Chief Procurement Officer at Wax Digital client States of Jersey, about the decision to select Wax Digital web3 Purchase-to-Pay, highlighting strategies and challenges along the way.
“Caroline has sought to change the culture which existed and to gain government investment for an eProcurement platform to improve procurement processes and controls. The goal was to fundamentally change the way users across the public sector could gain access to the goods and services they required.” Read More
Paul Raimbault, enterprise systems manager for information services at Wax Digital client the States of Jersey, talks to IT Pro Portal about how government can successfully provision technology and discusses some of the potential roadblocks on the way to effective implementation. Read More
Weetabix has selected Wax Digital web3 eSourcing to help it better manage suppliers and drive down costs as the business moves to implement a full Source-to-Pay procurement model.
The cereal producer plans to use web3 eSourcing to ramp up its programme of tenders and electronic auctions, improving the way in which it identifies, qualifies and negotiates with its supplier network. From almonds to wheat and everything in between supplier selection will be based on stringent criteria including quality of service, delivery and price. Read More
Daniel Ball, director at Wax Digital analyses former heavyweight of the mobile world, Blackberry, and the effect its potential demise could have on the manufacturer’s supply chain.
BlackBerry was once the darling of the enterprise mobile world. Its buying power among its supplier base was significant, allowing it to establish strong partner relationships with manufacturers who relied heavily on the company for orders and revenue. Read More
Wax Digital’s Daniel Ball discusses the new NHS price comparison site in this blog for Supply Management.
The recently announced NHS price comparison site will only scratch the surface of the NHS’ wasteful spending according to Wax Digital – which has outlined an alternative Five Point Purchasing Plan to save the sector millions. Read More
Research undertaken to understand the typical career path of a FTSE 350 CPO has revealed a breed of dynamic career climbers who reach the heights of CPO or head of procurement as young as 35 and on average by the age of 42.
The oldest to reach director level in the sample was 53 on getting the role, while the average age of all the FTSE 350 CPOs surveyed is just 46, all of which compares very favourably to the Telegraph’s Executive Pay Report which puts the average age of a FTSE 350 director across all functions at 58. Read More
The UK’s largest turkey farmer Bernard Matthews has achieved business savings of 21% using Wax Digital’s web3 eSourcing platform to drive cost reductions across a range of spend categories.
Bernard Matthews used the web3 eSourcing platform alongside strategic category management consultancy from procurement specialists EAA Consulting, to drive savings results and reduce supplier dependency risks highlighted when a key supplier moved out of the market. Read More
In this article for Supply Chain Digital, Wax Digital’s Daniel Ball comments on recent CBI research which suggests that as many as half of UK firms do not see any improvement from the government’s new industrial strategy.
Perhaps one of the key oversights of the strategy, and a critical reason why it is failing to resonate with so many businesses, is the lack of holistic visibility that exists into the UK’s total supply potential. The strategy is currently based too much on guesswork and what we need are better tools for visualising the UK supplier landscape, helping reconfigure and reboot the country by showcasing its global supply opportunity. Read More