Finding new suppliers to strengthen supply chain resiliency is a high-priority activity for procurement leaders in the aftermath of COVID-19 pandemic
Niko Nurmi
Senior Research Analyst
Joined 2017
Niko is a senior research analyst at Procurement Leaders who specialises in supplier relationship management, supplier-enabled innovation and strategic category management. He has a master’s degree in operations and supply chain management. Prior to joining Procurement Leaders, Niko worked in a market intelligence and strategic advisory firm, helping organisations make informed decisions about their business strategies.
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Ensure internal and external alignment to carry out effective cost modelling
Effective cost modelling requires procurement to engage with stakeholders and demonstrate the benefits of finding efficiencies to suppliers
Cost Modelling
Procurement Leaders hosted a virtual roundtable to discuss cost modelling, including the challenges of getting suppliers to share openly, the importance of internal collaboration and how to effectively benchmark costs.
Procurement 101: Cost modelling
Cost modelling requires buyers to analyse the different costs of a product or service and influence these to deliver savings
Contract Life cycle Management
Procurement Leaders hosted a virtual roundtable to discuss the overall contracting process, as well as technology adoption.
Guide to: Specification management
To manage specifications efficiently, procurement organisations should engage with both stakeholders and suppliers to ensure they understand and meet the organisation’s sourcing needs
Osram’s approach to establishing a scouting team for innovation value delivery
Lighting manufacturer Osram's scouting team is at the heart of the innovation process, bringing inventive solutions to the table from new and existing partners. The challenge Like most...
Procurement 101: Specification management
Standardising and streamlining the buying organisation’s requirements means buyers must collaborate with stakeholders and suppliers
Implement stricter demand management to generate savings
Differentiating between essential and nonessential expenditure while ensuring staff throughout the organisation are clear on procurement policies will help businesses save cash by purchasing fewer goods and services
Managing demand and specifications
The Covid-19 pandemic has prompted dramatic shifts in demand for some products and services – procurement teams have had to respond accordingly
Procurement 101: Demand management
Procurement teams must apply demand management strategies to achieve savings, both through limiting and optimising spend
Procurement 101: Supplier incentivisation
This session explores how procurement teams can establish a formal framework for supplier incentivisation
Procurement teams must play their part in innovation projects
Procurement Leaders is looking at the ways in which organisations across industries achieve innovation
Introducing supplier incentives to unlock innovations
Adopting a formal approach to incentivisation is now essential for any company that wants to secure exclusive or early access to innovations from its supply base
Supplier incentives template
Identifying the root cause of a risk event provides information on the organisation’s vulnerabilities and the factors that trigger a loss. This allows the business to start to quantify and explicate disruptions
Business model canvas
This tool enables procurement professionals to evaluate a supplier’s innovation potential on the strength of its value proposition, key activities and revenue streams, among other factors
The case for a cross-functional approach to attract and retain digital talent in procurement
A new approach to managing a digital team in procurement is needed, says our Collaborative Value Creation group of digital procurement leaders
Attracting, retaining and developing digital talent
A group of digital procurement leaders focused on the challenges procurement teams must overcome to ensure they have staff have the skills to leverage the opportunities that digitalisation presents
Evolving procurement’s business case for digitalisation
Digital leaders gathered in London to discuss ways procurement teams can successfully build support for their technology projects, among other issues
Establishing a structure for forward-looking contract life cycle management
Procurement teams require a clear process and governance before they implement technology to generate insights from contracts