Procurement Talk With David Byrne

In this episode David discusses how supplier insolvency can happen to established suppliers with no warning.  Have you taken steps to protect your organisation?

In this episode the BWD team discuss why conflict of interest is a critical concern in the procurement and probity functions as it can undermine fairness, transparency, and value for money in purchasing decision.  Remember, in procurement there must always be trust, transparency and fairness in all decisions.

In this episode David discusses how risk mitigation in procurement is about identifying, assessing, and reducing threats that could impact value for money, compliance, delivery, reputation, or operational continuity as you progress through the procurement lifecycle.

Strengthening Your Supply Chain is critical because "A resilient supply chain isn't built in a crisis—it's revealed by one".  Disruptions are inevitable but your recovery speed is what matters and in this episode we discuss strategies you can put in place to mitigate these challenges.

In this episode David discusses why supplier tiering is a strategic framework that helps procurement professional prioritise their supplier relationships based on value, spend, risk and performance.  He also explains how supplier tiering evolves with market conditions, business strategy and supplier performance, so building in periodic reviews is critical.

"Trust, but verify."  Carrying out careful due diligence in procurement is essential because it helps to make an informed decision, mitigate risks, and ensure compliance by properly assessing suppliers, business partners and clients.

In this episode Sonia and Josh join David in discussing the importance of taking the time to research the total cost of a purchase before you sign a contract.  We know that sounds logical but it doesn't always happen, so ensure you have a plan in place to manage the unexpected changes.

Having a bulletproof tender evaluation plan makes sense - legally, ethically, for project success and also to ensure the best decision.  So commit to it and make it happen, a solid evaluation plan is transparent, able to withstand scrutiny, and is imperative for good decision-making.

In this episode our special guest Glenn Tomai discusses what drew him to the field of Internal Auditing, he talks through the impact internal adutiting can make across the organisation and how AI is changing his role.

There is a saying "Fraud thrives in silence" meaning fraud is never obvious and it's often hidden in plain sight.  Fraud is a threat that touches every department, and prevention is everyone's responsibility – Not Just managements.