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The 4 Step Procurement Strategy to Minimising Risk and Maximising Value

Must-Know Elements for Building a Risk-Aware Procurement Strategy It has never been more important for your project to have a robust, tried and tested procurement strategy that you can rely on. Agreement on a roadmap for the way you conduct…

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High-Risk Projects: Should lawyers also act as strategic advisors?

Complex projects, by their very nature, often entail high commercial and reputational risks, often additionally governed by extensive legal and regulatory frameworks that could well extend across multiple jurisdictions. They involve a variety of stakeholders, contractual terms and technical demands.…

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Project Contingency Planning: 6 Steps to Risk Management and Strategic Supplier Success

In the world of complex projects and strategic supplier relationships, the ability to navigate potential challenges is paramount. A key component of this navigation is the practice of contingency planning, also known as developing a ‘Plan B’. Contingency planning is…

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Why do I need a procurement consultant for complex procurement projects?

In this article, you should find everything you need to know about procurement services (including strategic procurement), procurement and contracting strategies, and procurement consultants and advisors. It will also offer guidance on whether external advice for procurement might be helpful…

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Oxford County Council fined £1.6m for procurement ‘systemic failure’: 4 ways to mitigate risk in your procurement process

In the public sector, procurement should have, at its foundation, strictly process-orientated procedures, with clear supplemental processes to make sure that solutions and services purchased are fit for purpose, not just that they follow legal procurement compliance. However, if those…

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NAO Principles Paper on Managing Supplier Failure – 9 Key Lessons Learned

Suppliers come in all stripes. Some operate as genuine partners – identifying ever-more effective operating practices often, without being asked. In these types of strategic relationships, everyone wins: the clients/service users win because they benefit from ongoing reductions in business-as-usual…

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Government trade credit backstop attempts to protect UK supply chains

The government has introduced a number of schemes during the Covid-19 pandemic to minimise risks that might otherwise have resulted in the economy grinding to a halt. Ongoing reports on the economic outlook of the country may look pretty bleak…

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Free Webinar: Managing Strategic Suppliers In A Crisis

Get involved in our free webinar and learn how to manage your strategic suppliers during the coronavirus crisis

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Making Strategic Supplier Relationships Work - Best Practice Group

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