Consumer insights
Taste Australia reaches consumers via digital channels
The Hort Innovation Taste Australia campaign aimed to educate consumers in key export markets of Thailand and Indonesia…
The Procurement Cycle is generally known as a six-part process, involving:
- Strategic planning: ensuring the purchasing decision benefits your business in the long-term rather than only serving your immediate needs.
- Needs identification: analysing exactly what is required in order to source the right product or service at the right time.
- Tendering/Sourcing: Analysing the market to shortlist the best suppliers, or inviting suppliers to bid for your business.
- Evaluation and selection: Choosing the right supplier and evaluating benefits beyond the lowest price.
- Negotiation and award: Negotiating and agreeing upon contract terms.
- Contract management: Setting up KPIs and milestones to ensure the supplier delivers to contract.
Procurement can bring value to your organisation through:
- Discovering and working with new suppliers
- Analysing your spend to understand costs such as over-ordering and duplication
- creating better contracts
- Increasing your negotiating and purchasing power
- Driving innovation in the supplier base
- Gaining other benefits beyond getting the lowest price, such as environmental benefits
