Procurement Complexity Simplified: Lower cost, increased profitability

Procurement professionals understand the direct impact they can deliver to the bottom line. 5% of reduced COGS deliver at a minimum an equal margin benefit as 50% increases sales – Can your company afford not to value procurement professionals?

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“Lean Procurement ” – customer centricity at its best

The main objective of any company is to improve the bottom line and return equitable value to shareholders. This is achieved in three ways:

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Long-term value at iDDea

I am writing this piece on long-term value for our stakeholders and clients following a day of strategic sourcing discussions. It is strategy-driven procurement principles that produce sustainable practices.  So, to answer your next question …

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PLMA – Private Label Manufacturers Association

Private Label accounts for 38% of the market share in Europe. (Bord Bia)  However, CEO Tara McCarthy of Bord Bia referenced significant opportunities for growth in a number of categories. Continental European retailers are at a market share level of 32% which is significantly behind the UK rate of 52% (IRI Worldwide).

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Introduction to contract management

Why contract management?

Historically, contract management is the poorer relative in the phases of the strategic sourcing cycle. It does not get much attention as it is time-consuming, labor intensive and it sits between various user departments and procurement with a supervisory role. Most the time, no clear demarcation of ownership and responsibility is the root cause of contract issues.

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The Science of Value

Everyone likes formulae. Once we can quantify, we can measure, we can compare, equalize or subtract, we believe it to be closer to the truth. Our understanding is amplified with the supporting data that we can verify and validate…

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Looking forward to the Strategic Public Procurement Conference in Paris

This conference aims to raise awareness among decision makers and the procurement community about the benefits of strategic procurement, with an emphasis on sustainability, social responsibility, and innovation. It will feature speakers recognised for their expertise and leadership in the field. 

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iDDea featured in the Southern Star

Check out this great article about iDDea.

iDDea Southern Star 11 May

New Force Emerges to redefine Strategic Procurement

iDDea procurement powerhouse

to deliver value to buyers that goes beyond just cost savings

iDDea powerhouse

Award Winning Irish sourcing company, e-Quiddity and Procurement Consultants, IDD Consult have merged to form iDDea – The Science of Value™.  iDDea combines strategic sourcing, buying benchmarks and training services to deliver value to the procurement function beyond cost savings. iDDea has redefined the benefit of strategic procurement for buyers, internal stakeholders and suppliers to realise organisation-wide value.

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Oscars are won by People, not data

I was reading a very interesting and insightful article this week of Donal Daly, Executive Chairman at Altify, about “The Misleading Statistics Problem and Increasing Customer Complexity”. Donal speaks of the danger of using averages and one line numbers to build a story, that only supports one side of the reality but sells like hot cross buns on an Easter Sunday.

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