Brexit Strategic Sourcing

As the world watches to see how the impending UK- EU relationship will be structured.  We at iDDea headquarters are working hard to ensure clients are prepared regardless of the outcome.  Our aim is to guide clients as they develop an action plan to mitigate the potential risks that Brexit may convey.

iDDea are currently working with Enterprise Ireland and Intertrade Ireland as their preferred Strategic Sourcing partner.  Our panel of advisors are meeting with entrepreneurs, business owners and Irish multinational companies at Brexit clinics nationwide.  We are also meeting with patrons on a one-to-one basis to perform a more in depth analysis of their supply-base.  Our objective is to diagnose, develop and execute the most suitable sourcing solution for each organisation.  We have engaged with companies across a number of different sectors however regardless of the division, it is widely acknowledged that Brexit will impact the majority of organisations, their supply chains and their profit margins.

For businesses currently importing directly or indirectly from the UK it is vital to ascertain the impact Brexit may have to your business operations, supply base, cost base and working capital necessities. To better understand where your risks are our panel of consultants begin by focusing specifically on your imports. asking questions specific to your supply base such as:

1/ What suppliers will impact the business most if they cannot supply you tomorrow?

2/ Do you know what % of your goods and services are coming directly or indirectly from the UK?

3/ Have you researched alternative non-UK suppliers?

4/ Are there contracts, licenses or regulations restricting your global sourcing strategies?

5/ Are you aware of the potential additional costs to import from Europe in terms of hubbing, logistics partners, Minimum Order Quantities plus the impact on cash flow?

 

Using industry recognised procurement tools and templates we categorise and segment the clients supply base and match supplier strategies against this map view of vendors. Mapping the risk and profitability of these supply items in terms of Brexit allows us to identify the most suitable buyer-supplier relationships and a set of distinct sourcing strategies

Our benchmarking expertise spans over decades and having worked with a large number of clients and vendors, we know how to leverage our market knowledge to benefit each individual client. iDDea are the Strategic Sourcing partner of choice for many public and private organisations in Ireland and Europe.  We understand the challenges and care about delivering efficient and effective results for every client we work with.

If you or your business is uncertain of how it may be affected by Brexit and there are many supports available to SME’s   Why not apply for one of Enterprise Ireland’s or Intertrade Ireland’s Brexit vouchers to take the first step to help you on the journey of developing your Brexit contingency plan?

For Intertrade Ireland, follow here to apply for the “Start to Plan” Voucher.

For Enterprise Ireland, follow the link here to apply for the “Be Prepared” Voucher.

Take our Brexit Sourcing Scorecard Survey to measure how prepared you are for the risks & impacts Brexit poses.

Procurement Management NFQ Level 8

Time flies…. It’s quite a cliché but I really cannot believe how fast these 8 months have gone.  I am now finished the CPM course awaiting final results. I would be lying if I said it was easy as with work and extracurricular activities it difficult to keep on top of course work. Not to mention, many people in the class juggling kids and family on top of that. However, what I can say is easier- is applying and understanding your current ways of working. Whether its improving processes by leaning out procedures or achieving savings through strategic initiatives, the value of you as an individual procurement professional will be seen by your colleagues. The reason this can be seen is that each module is applied to work projects. This is not a course you do a couple of exams for a piece of paper it is applied learning.

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Intertrade Ireland Brexit Advisory Service

 

Commodity Report – March 2018

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Interview: Rebecca Martin

Why did you choose to work in procurement?

During final year, one of my modules included Project Management. Our final year project for that module was to interview a business about how they initially set up their business model, whether they outsourced for various aspects of the business and what obstacles they faced when setting up.

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Ingrid is CEO of the Year 2018!

Our CEO Ingrid De Doncker, the self-professed red shoed Dorothy on the yellow procurement brick road, has delivered again!

In 2015, her procurement consultancy company won the Micro Company LEO West and North Cork award after only 1 year in the business. Now 3 years later, the Irish SME Business awards 2018 has recognised the woman behind the slogans “value beyond savings” and “elevating the procurement profession for growth” with the inaugural accolade of “CEO of the Year 2018″.

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For the day that is in it, Valentine’s Day, the 14th of February, when little Cupid is shooting arrows straight into people’s hearts, and making people fall in love, we need to take into account the other side of the rainbow as well…

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A great start to 2018 for CEO of iDDea

We are very proud to announce that our CEO and founder, Ingrid De Doncker is nominated for CEO of the year, from the Irish SME Business Awards. The inaugural Irish SME Business Awards 2018 celebrate the hard work of the best professionals and businesses in the sector.

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Commodity Report: December

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Meet the team: Ingrid De Doncker

What are your hobbies?

I used to do a lot of sports, gymnastics, volleyball, jazz dancing, swimming and playing the piano. I find it hard to set aside time to do any of the these at the moment. One of my hobbies currently is working… sad, but true.

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