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Sourcing Approaches for Internal Audit Services

Internal Auditing requires different skill sets and competencies. Lately, many organizations are facing a choice: whether to develop these skills in-house or to outsource to external service providers.

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What happens when assurance fails?

When suppliers lose the trust of the supply chains they depend on, it can have catastrophic consequences. But having an assurance failure in any part of an established supply chain doesn’t have to equal the end of a business.

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When your supplier is your customer

Reciprocal business in itself is not unethical. It is perfectly alright to buy from customers. However, it will be unethical if a potential supplier is given importance during negotiations just because the supplier is an existing customer.

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Category Scan: Corporate Wellness Program

Organizations can measure and enhance the effectiveness of their corporate wellness programs at every stage of their evolution. Proactive evaluation planning and wellness program audits are the keys to success.

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Previous editions of Procurement Espresso e-magazine

09 January, 2022

Category Forecast 2022

Global manufacturing activity remained strong in December 2021 as factories manage..

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05 December, 2021

Interview: “Our aim is for end users to have a great experience”

In this exclusive interview, Roche Chief Procurement Officer (CPO), Marielle Beyer..

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21 November, 2021

Conversation with Katharina Stenholm ex-CPO Danone and SAB Miller

 

In this episode, Beroe’s Head of Content, Sakthi Prasad, sp..

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14 November, 2021

Interview: “At first, we faced a lot of No’s from suppliers”

In this exclusive interview, Philip Morris International CPO, Hafed Belhadj, talks..

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09 November, 2021

Conversation with Peter Smith The power of storytelling in Procurement

 

In this episode, Beroe’s Head of Content, Sakthi Prasad, sp..

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31 October, 2021

Interview: Just-in-Time is here to stay

Beroe spoke to ManMohan S. Sodhi, Professor in Operations and Supply Chain Managem..

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17 October, 2021

CPO Handbook: Inflation and Supply Shortages Challenge

As per Beroe analysis, over 500 commodities have witnessed price rise of more than..

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03 October, 2021

Procure-to-Pay: Overcoming implementation Challenge

In this first episode of Beroe Podcast “The Source”, veteran Procureme..

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19 September, 2021

Agile Procurement and its Applicability

Beroe spoke to Bernardo Nicoletti, an industry veteran and a Professor of Operatio..

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05 September, 2021

Excess Demand, Supply Shortages likely to last till 2022-23

Dr. Rob Handfield, Professor of Supply Chain Management at North Carolina State Un..

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22 August, 2021

World’s Top 50 Procurement Organizations -- 2021

The Top 50 Procurement Organizations for 2021 have been ranked by Beroe! If p..

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08 August, 2021

CPO Speak: Procurement as a Means to Build Public Confidence

In this exclusive article for the 99th edition of Procurement Espresso,..

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25 July, 2021

The Procurement Beige Book -- Q2 (April-June) edition

The Procurement Beige Book is a quarterly publication from Beroe that provides a s..

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11 July, 2021

Espresso LiVE: E-Auction - Procurement’s Best Friend

Jacob Gorm Larsen, the Head of Digital Procurement at Maersk Group, believes that ..

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20 June, 2021

Interview: Every dollar saved is going to research

In an exclusive interview with Beroe, Sara Malconian, the Chief Procurement Office..

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06 June, 2021

Espresso LiVE -- Back-to-Office: Yay or Nay!

Dr. Rob Handfield and Adam Whitfield discuss the challenges and opportunities in m..

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23 May, 2021

Interview: Digital Transformation is more of a Business Transformation

Jacob Gorm Larsen, the Head of Digital Procurement at Maersk Group, has perhaps on..

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09 May, 2021

Back-to-Office Sentiment

For the past year or so, a majority of Procurement teams across the globe have bee..

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25 April, 2021

The Procurement Beige Book

Beroe’s Vice President, Valekumar Krishnan, decodes the sourcing conditions ..

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11 April, 2021

Interview: Procurement and Supply Chain Finance

In an exclusive interview with Beroe, Professor Erik Hofmann said that Supply Chai..

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28 March, 2021

Mapping the acceleration of VC funding in Procurement

In a post-pandemic world where supply chains have to be strengthened and, indeed, ..

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14 March, 2021

Espresso LiVE: Women in Procurement -- Challenges and Opportunities

Tiffany Sen, the CPO of New York Metropolitan Museum of Art, and Michelle Baker, t..

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28 February, 2021

Interview: An ex-CPO invests in a start-up

In an Exclusive Interview with Beroe, Robert Driessen, co-founder of Buynamics, ta..

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14 February, 2021

Interview: 75% of supplier innovations come from startups

In an exclusive interview with Beroe, Schneider Electric CPO, Dan Bartel, challeng..

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31 January, 2021

Interview: Procurement Job Market Getting Hotter

In an exclusive interview with Beroe, recruitment specialist Mark Holyoake talks a..

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17 January, 2021

CATEGORY FORECAST 2021

If 2020 was all about managing the sudden disruption caused by the pandemic, 2021 ..

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13 December, 2020

Top Articles 2020

2020 has been a bizarre year. Out of nowhere, the COVID-19 pandemic had not only d..

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22 November, 2020

Emergent Supply Chain Challenges for Deployment of COVID-19 Vaccine

As we look forward with hope to the deployment of a vaccine or vaccines against CO..

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01 November, 2020

Interview: NY Met Museum CPO on Procurement as an Art Form

The CPO of the New York Metropolitan Museum, Tiffany Sen, told Beroe in an intervi..

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18 October, 2020

Procurement Beige Book - October 2020

Log on to Beroe LiVE and visit interesting reads -> Special Reports section to ..

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04 October, 2020

Interview: The Pandemic Has Accelerated the Need for Demand Management

The COVID-19 pandemic has shifted the focus back to Demand Management, a concept t..

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20 September, 2020

Espresso LiVE: Procurement Digitalization in a Post-Pandemic World

Dirk Karl (CPO) and his team at telecom giant MTN Group Ltd discuss whether invest..

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06 September, 2020

Interview: Evolution of Supplier Audit in the Era of “Social Distancing”

Beroe spoke to Adam Whitfield, Quality Assurance & Audit Program Manage..

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23 August, 2020

Taking Charge of Procurement in the Middle of the Pandemic

As per Beroe analysis, nearly 130 Procurement executives took charge of the functi..

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09 August, 2020

Pandemic Fallout: “Cost Saving” and “Contract Renegotiation” have become top priorities

Amidst the great disruption to trade, business and normal way of life, Beroe has b..

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26 July, 2020

Interview: Procurement should not be the police department

The CPO of American Red Cross, Tom Nash, told Beroe in an exclusive interview that..

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12 July, 2020

Procurement Digitalization in a Post-Pandemic World

In the aftermath of Covid-19, whenever that is, Digital initiatives will gain even..

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28 June, 2020

Online Search Patterns: Supply Risk, Procurement Jobs, and Cost Savings

As millions stayed indoors, digital life saw a huge uptick. The question then is w..

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14 June, 2020

Video: Globalization vs Localization, lessons for Procurement

In this Exclusive Panel discussion, Tom Linton, Senior Advisor at Flex, and Dr. Ro..

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31 May, 2020

Interview: A Nimble Procurement Team Helped Mitigate Supply Disruption

In this Exclusive Interview, Nat Parameswaran, VP and Head of Global Procurement a..

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17 May, 2020

Procurement Conferences: Virtual Events Flavor of the Season

Conferences are a great place for networking. However, with travel practically com..

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03 May, 2020

Interview: We must treat climate change with the same urgency as other crises we are facing

In an Exclusive Interview with Beroe, Thomas Udesen, the Chief Procurement Officer..

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19 April, 2020

Mapping the CPO Response to COVID-19 as Global Recession Looms

We are in an economic downturn that has no parallels, and it will be much worse th..

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05 April, 2020

Procurement Beige Book - April 2020

Log on to Beroe LiVE and visit interesting reads -> Special Reports section to ..

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22 March, 2020

Beroe LiVE Survey: Companies face BCP Challenges as Coronavirus goes global

Amidst the great disruption to trade, business and normal way of life all across t..

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08 March, 2020

Interview: Responsible sourcing and risk management goes hand-in-hand

In an exclusive interview with Beroe, Laura Simmonds, the Head of Responsible..

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23 February, 2020

Coronavirus scare: China Goes into Pause Mode, Suppliers Remain Stoic

Over the past week or so, Beroe contacted over 100 suppliers in China, including n..

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09 February, 2020

Interview: “We created AI tools to identify optimal sourcing scenarios” – MTN Group CPO

In an Exclusive interview with Beroe, MTN Group Chief Procurement Officer (CPO) Di..

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26 January, 2020

Top Ten Supply Chain Trends -- 2020

In this guest post, NC State University’s Dr. Rob Handfield lays out top ten..

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12 January, 2020

Category Forecast - 2020

Beroe's Customer Success Leads -- in partnership with the research analysts --..

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15 December, 2019

Voice of Procurement

As 2019 draws to a close, here we present the top Interviews and External Contribu..

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01 December, 2019

Up In the Air: Tales of Travel

Procurement is mostly seen as a desk job. Not many know that sourcing managers tra..

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17 November, 2019

Interview: Tariffs are the new normal; Procurement to play key role in localization

Dr Rob Handfield, Professor of Supply Chain Management in NC State University, tel..

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03 November, 2019

Beroe Live Poll: Procurement Spend And Supplier Checks

We ran a poll among users of Beroe LiVE, a community of thousands of procurement d..

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20 October, 2019

Interview: “We are challenged by the government to improve efficiency”

Steven McLaughlin, NHS Scotland’s Head of Procurement, described to Beroe in..

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06 October, 2019

Procurement Beige Book OCT 2019

..

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22 September, 2019

Interview: Ability to Tell Data-based Stories will be a Key Asset

In an interview with Beroe, Michelle Baker, the Chief Procurement Officer (CPO) of..

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08 September, 2019

Interview: “We Support our Business Stakeholders like Internal Consultants”

In an interview with Beroe, Carlo Baus, Head of Global Strategic Sourcing at Bose ..

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18 August, 2019

Interview: Demand Management is Like Spending Your Own Money

In an Interview to Beroe’s Procurement Espresso, Jeremy Fry, a demand manage..

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04 August, 2019

Going Beyond Compliance to Drive Performance

In this exclusive article for Beroe’s Procurement Espresso, EcoVadis co-CEO ..

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21 July, 2019

CPO to CEO -- The Road Ahead

Tim Cook is arguably one of Procurement’s best ambassadors. Steve Jobs hired..

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03 July, 2019

Welcome To The IT Procurement Community

Interesting stories from IT Sourcing domain..

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23 June, 2019

The role of AI in Procurement

In the procurement vertical, AI is making a perceptible progress from being a deci..

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09 June, 2019

Interview: “I get to practice what I preach”

Kai Nowosel, the Chief Procurement Officer (CPO) of Accenture, talks about his jou..

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12 May, 2019

Interview: A Digital Tool for Better Supplier Negotiations

Lubos Libiak, head of procurement at MALL Group -- a leading e-commerce platform i..

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28 April, 2019

Procurement Strategies for Cookware –China vs India

The global market for cookware is in a constant state of flux. There are an increa..

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28 March, 2019

Interview: UK businesses, not Parliament, bear the financial cost of Brexit

Brexit has been temporarily postponed. As things stand, it could happen either on ..

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17 March, 2019

Industrial Vending Machines transforming VMI in MRO sector

Vendor Managed Inventory (VMI) has extended its scope to industrial vending machin..

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03 March, 2019

Blue Blood Alternative

Horseshoe Crab’s blue colored blood is used to detect endotoxins in drug pro..

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17 February, 2019

Getting the most out of your suppliers via Innovation

Procurement Organizations have several options to induce Supplier Innovation. Appr..

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03 February, 2019

Emerging Cities for Sourcing Centers

Procurement Organizations make great efforts to find a suitable location for their..

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20 January, 2019

UCB CPO on Stakeholder Management

Procurement has long been blamed for not fully understanding the business needs , ..

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06 January, 2019

Category Forecast 2019

Log on to Beroe LiVE and visit Interesting Reads -> Special Reports section to ..

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02 December, 2018

Poll: Sourcing Managers Expect Annual Cost Savings of up to 5 percent

We ran a poll among users of Beroe LiVE, a community of thousands of Procurement d..

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18 November, 2018

Interview: Simplicity was the key to transform Facilities Management

Multinational consumer goods and tobacco company, Imperial Brands, had won the Sil..

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04 November, 2018

Specification Harmonization can help evaluate suppliers

We have observed that the desired savings are not being captured despite spend con..

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21 October, 2018

Robust supplier audit process is a must

Audits, by their nature, need to be carried out by independent bodies -- not influ..

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07 October, 2018

Supplier Compliance is ripe for tech disruption

While many service providers offer cloud-based technology, none so far offers an o..

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23 September, 2018

The Procurement Beige Book

The comprehensive report first of its kind - demonstrates whether the current cond..

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09 September, 2018

Interview: Bayer CPO on his team winning Best-in-Class Gold award

Beroe recently interacted with Bayer CPO Thomas Udesen after the pharma giant won ..

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26 August, 2018

Robust workflow architecture key to Spend Analysis exercise

Beroe recently interacted with SimPPLY, a spend analytics solutions provider based..

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12 August, 2018

Leaders’ Corner: Category Lifecycle Management in Five Steps

Thierry Fausten of Cranfield University School of Management writes that Category ..

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29 July, 2018

Beroe LiVE Poll: Expected cost savings for 2018

We ran a poll among users of Beroe LiVE, a community of thousands of Procurement d..

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15 July, 2018

DIGITALIZATION: EITHER ALL OR SOME

Selective technological interventions to address operational inefficiencies can al..

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01 July, 2018

IT’S NOT “US VS THEM”

It’s usually tough for business stakeholders to accept that someone else wou..

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17 June, 2018

Best-in-Class 50 (2018 Edition)

Companies that do well on the procurement front also tend to create more value for..

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03 June, 2018

Extend payment terms without hurting suppliers

If planned well, a firm’s supply chain can act as a source of inexpensive ca..

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20 May, 2018

Six Steps to transform Capex Procurement

Capital expenditure (Capex) has always been on top of every CFO’s agenda. Ho..

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06 May, 2018

Beroe LiVE Poll: Center-led model gaining traction

The differences between the operating models are often more nuanced than one might..

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22 April, 2018

Battery Shock: the brewing battle for Nickel Supplies

With the growth of electric vehicles, supply shortage is expected in the Class 1 N..

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08 April, 2018

Consulting Cost: Demystified

Globally, companies on an average spend more than $250 billion on management.

..

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18 March, 2018

Procurement’s Billion Dollar Impact

Patient Recruitment and Retention is an important step in the drug discovery proce..

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18 February, 2018

Key Role In Reducing Green House Gas Emissions

Amidst all debate around climate change, if one were to ask whether procurement or..

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04 February, 2018

Sourcing In The Age Of Distraction

As their profile rises, Procurement managers would find it tough to manage the sur..

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21 January, 2018

Special Reports - The Procurement Beige Book (Q4 2017)

The comprehensive report first of its kind - demonstrates whether the current conditi..

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07 January, 2018

2018 : Procurement Categories Forecast

As procurement organizations become more strategic, the power of market information w..

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03 December, 2017

Procurement: Glass Ceiling Cracked, Not Broken

Although women comprise 37 percent of the managerial cadre across procurement orga..

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19 November, 2017

Shop Online For Services Through E-catalogs

Catalog buying is becoming popular for high volume services, which cuts down the t..

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05 November, 2017

Key Role In Reducing Green House Gas Emissions

Amidst all debate around climate change, if one were to ask whether procurement or..

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22 October, 2017

Tequila How To Spot A Coming Crisis?

Agave, the feedstock used to make the famed Tequila drink, is in short supply sinc..

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09 October, 2017

Zen And The Art Of Supplier Management

According to a recent survey, 70 percent of suppliers said that a majority of thei..

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24 September, 2017

Procurement’s Halal Problem

As there is no single global standard, Halal compliance and supplier selection can em..

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03 September, 2017

The Procurement Beige Book (Q3 2017)

The comprehensive report first of its kind - demonstrates whether the current conditi..

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20 August, 2017

Battery Shock - The chase for lithium

Thanks to explosive growth of electric vehicles and other gadgets, the share of ba..

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06 August, 2017

Know Thy Washing Machine

The quirky tale of washing styles and sourcing impact.

..

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23 July, 2017

Is procurement ready for Big Data Analytics?

While most companies believe in the impact of big data analytics in their supply c..

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06 July, 2017

Gen Z And Procurement: Made For Each Other

They are willing to commit to a cause in exchange for a satisfying employee experi..

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