Monthly Archives: August 2014

How to Write a Procurement Risk Management Policy

Thursday, August 28th, 2014

A procurement risk management policy serves two main purposes: to identify, reduce and prevent undesirable incidents or outcomes (by suppliers – and buyers!) and to review past incidents and implement changes to prevent or reduce future incidents (by suppliers – and buyers!). For example, a Head of Category Management may utilise their procurement risk management […]

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When will the new Procurement Directives be applied in the UK?

Monday, August 4th, 2014

There isn’t (yet) a firm date.  I can hear you groaning, but at least you know that as of 4 August 2014. ;) However, the new Directives are now part of EU law and so it can already be applied in the UK. In applying it, no-one could be accused of breaching EU law. However, the […]

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A glossary of commercial terms for the switched on buyer

Friday, August 1st, 2014

Here we go, alphabetical order: Acquisition The process of requirement setting, procure, support management and disposal, implying a whole-life approach to acquiring defence capability. (Also see Cost of Ownership.) Agreement in Principle This is another qualifying comment. It means that it is not formally accepted, thus leaving the door open to the seller to withdraw […]

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