Articles

ARTICLES | Archive: May 2019

Consortium Buying

May 22 2019 By Andre Basson aggregated procurement, aggregating, bulking, competitive pricing, consortium buying, co-operation, delegation, devolution, discount, negotiations, procurement budget, procurement on-cost, procurement skills, purchasing power

A consortium is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.  Wiki Small, and even medium sized businesses, are doubly handicapped when it comes to procurement...

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Caveat Emptor - Long-term Contracts

May 22 2019 By Procurement Professionals caveat emptor, CFO, contract, COO, cost breakdown, delegation, inflation, Karrass, long-term, market knowledge , price control, procurement, procurement skills, purchasing, RFx, structuring, terms and conditions , Ts&Cs

Beware the buyer.  This Roman call for caution has echoed over the millennia, and is as relevant today as it was on the day it was first uttered.  It is still an integral part of our law and commerce, carrying a warning to all those entrusted with committing an organisation's money. Somewhat more recently, but in the same vein, Karrass1 famously ...

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