People with emotional intelligence collaborate easily because they recognise that the strength of individual differences is critical to making a whole.

The model allows supply chain professionals to assess which customers and product lines are in the green and those in the red.

Some companies are therefore moving towards a circular economy featuring zero waste as all resources used in products are recycled or reused.

Supply chain professionals should constantly remind each other that the so-called best efforts today may not be good enough for the unknown tomorrow.

Fast forward to this day, the world is a different place altogether. The need for a contract management system is now at a tipping point than ever before.

Oftentimes, gathering data and making a story out of it is very critical for supply market intelligence.

It will, therefore, allow supply chain professionals to do more in less time, with fewer resources, with less effort, creating a lower cost operating environment.

It should be common practice for an organisation to do the right thing for itself and for the society from which it derives its value from.

This may entail procurement practitioners going to the extent of interrogating and understanding how the supplier sources its raw materials and at what cost.

It looks like the mantra of “doing more with less” is no longer a catch phrase but a means of survival for a lot many.

In procurement, the lowest price does not always equate to best value. It has always been known that price seldom reflects the total cost of doing business.