Monthly Archives: August 2013

MANAGING PROCUREMENT RISK – SCIENCE OR ART? Introduction Who is ultimately accountable for managing procurement risk in your organisation? This is a question that should be asked by those at the top of the organisation. Based upon our experience, the answer will range from those Heads of Procurement who have systems and procedures in place […]

Some of our most difficult negotiations are dealing with open book accounting. The concept is now widely known, but ensuring that suppliers will be receptive to making open book accounting a contractual reality is quite another matter. The supplier’s pricing decisions have, historically, been steeped in mystery and there remains a culture whereby the detail […]

The economic climate dictates that, it is time for procurement departments to re-examine their approach to the use of price indexation formulae. Our informal research shows that in the UK there is an extensive use of the Retail Price Index (RPI) and Consumer Price Index (CPI). These are produced by the Office for National Statistics. […]