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Top Five Tips for Successfully Transforming Contract Management

The COVID-19 pandemic has irreversibly changed businesses in almost every way possible, continually disrupting how businesses respond to emerging risks and opportunities. Organisations of every size, and in every sector, have learned that rapid access to supplier and vendor contract data is key for transparency and agility, in order to respond to an array of […]

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New Inquiry Shows More Than 50% Of Australia’s Government Procurement Has Not Been Open Tender

Despite having a competition policy, more than half of the Australian government’s procurement is via limited tender, an inquiry has heard. The evidence was given by a senior officer from the national audit office to a House of Representatives standing committee that is inquiring into procurement practices for government infrastructure. Executive director of ANAO performance audit services

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Canstruct International Wins Another Uncontested Government Contract

Canstruct International, the Brisbane company and Liberal party donor running Australia’s offshore processing regime on Nauru, has won another uncontested contract extension – $180m over six months – bringing its total revenue from island contracts over the past five years to more than $1.5bn. Rory Murphy, the chief executive of Canstruct, told the Guardian “We follow

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2021 Has Put The Spotlight On Supply And Contract Management (And It Doesn’t Look Good)

Nothing is more pressing right now than getting a handle on your supply & contract management. Given that supply & contract management is such a fundamental part of any business, this might seem a ludicrous statement; surely everyone has sorted out their supply & contract management hygiene by now? Short answer: no, they haven’t. It doesn’t matter whether we’re talking about

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Process Effectiveness versus Process Efficiency

In the procurement-focused world in which we live, we can often be caught following a process, be that in a sourcing or contract management environment, without necessarily questioning either its efficiency or effectiveness.  So, when we are reviewing a procurement process, should we first review its efficiency or effectiveness before implementing it within our organisation?

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Contract Management – What Are The Most Important Practices?

Many procurement professionals despair of their organisation’s approach to contract management. It’s not uncommon for employees to have contracts lurking on spreadsheets or buried deep within email exchanges. Not only is this risky and highly inefficient, but it means that a lot of important information gets lost. In some cases, poor contract management is due

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The Most Important New Law For Procurement Since The MSA – The Payment Times Reporting Act

The new Payment Times Reporting Bill is law in Australia  from 1st January – it is set to revolutionise how large firms pay small ones – or else.  Following a recent PASA CONNECT Roundtable featuring KPMG partner and expert, Vince Dimasi, host Jonathan Dutton explains the key facets of the new Act …. The new

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4 Ways To Optimise Your Indirect Spend

Procurement priorities may come and go in response to changing customer demands, evolving technology, an increased focus on CSR, or unpredictable supply chain disruptions. But cost reduction is a critical concern under any circumstances, and the chaotic events of 2020 have only served to increase the pressure on procurement to reduce their organisations’ spend. While

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