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Purchasing

Find out more about purchasing and procurement with our selection of articles, links and guides to help you identify best practice, techniques and tools to apply to your business.

What's on this page?

  • Online articles
  • Useful links
  • Articles and books from the Library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com

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Featured eBook 

Better business decisions using cost modeling: for procurement, operations, and supply chain professionals 
(Business Expert Press, 2012) 
This book provides the business student or professional with a concise guide to the creation and effective use of both internal and external cost models. Development of internal cost models is discussed with illustrations showing how they can be deployed.

You will need to be logged-in to the website to read this eBook.

Featured article

Time to take a smarter approach to procurement
The article argues that a procurement team can provide leadership teams with valuable data, analysis and insights that influence what a company buys. It describes examples of companies benefitting from creating a collaborative partnership between procurement and the business.

You will need to be logged in to the website to gain full access to the range of articles available online.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Green utility breaks up UK's 'Big Six' oligopoly with SSE deal

Ovo Energy's purchase of Scottish utility SSE will catapult it to being one of the largest energy suppliers in the UK.

Farmers 'dodge a bullet' as HMRC loses VAT battle

A Scottish farm business has won a battle against HMRC to be able to reclaim VAT payments worth more than £1m.

Global luxury retail in the digital era

High-end brands are adapting their business models for a younger Millennial and Gen Z consumer base.

Keeping tabs on cloud costs

The article focuses on the issues regarding costs for cloud services and cloud contracts need to be managed effectively. It mentions approach offers huge benefits to the business, enabling pilots and projects to consume cloud resources and public cloud services such as Amazon Web Services (AWS) or Microsoft Azure. It mentions software as a service (SaaS) is easy to procure and deploy that it often bypasses procurement and information technology policies.

B2B elements of value

Article looking at how the subjective considerations of business customers are increasingly important in purchases, as business to business (B2B) offerings become more commoditised. A consutation examined 40 discrete "elements of value" to discover what matters most to B2B buyers.

How to procure indirect services

Best practices for procurement of indirect materials and services in large organisations.

First RMBS sukuk sees institutional investor interest

The UK-based Al-Rayan Bank has issued a £250 million sukuk using a residential mortgage-backed securitisation (RMBS).

6 ways big data is enhancing the global supply chain

The article focuses on big data and discusses how it is impacting the global supply chain management. Topics discussed include the tracking of products by combining the purchase order details, shipment information and carrier's tracking information; the use of data mining, machine learning, and artificial intelligence to make predictions.

How small businesses can target niche markets

The article focuses on success of small businesses by focusing on niche markets. Topics discussed include ramifications for research and development, innovation investment and other areas of the business, need to understand customers' needs and requirements, and research by Ogilvy and Google on influence on customers' purchasing decisions

Benefits of digital transformation

The article discusses the benefits of digitizing the supply chain. Topics include findings on research from the Center for Global Enterprise about digitizing the supply chain, benefits of digital technology according to Dr. Gordon Murray, a strategy and change management specialist for Tata Consultancy Services, and factor that limits the potential of procurement. Additional areas to focus on as companies seek to digitize procurement are also mentioned.

Showing 10 of 33 items

Useful links

Chartered Institute of Purchasing & Supply (CIPS) 
Professional body representing individuals and organisations in the field of purchasing and supply chain management. Resources on the website include category management and supply management models, a CEO checklist, document templates and glossary.

International Federation of Purchasing and Supply Management (IFPSM) 
Federation of national and regional purchasing associations. The body produces a monthly Ezine and offers an additional selection each month of useful articles and links.

Atom Content Marketing guides

Articles and books in the Library collection

Selected material

The power of p-cards
Treasurer, March 2014
Procurement cards are essentially a type of credit card that a company issues to employees to buy goods and services from suppliers. Physical p-cards are now becoming obsolete, being replaced by virtual cards that are activated by mobile technologies.

How to cut IT procurement costs without harming service quality
Financial Management, October 2013
Since IT often represents a substantial cost, it may be seen as a prime candidate for cuts. However, the costs of IT procurement can be controlled without harming the business.

Buying professional services
(Profile Books Ltd, 2010)
This book explores what providers of professional services need to do to ensure that the users' money is well spent, using a variety of real-life examples.

Find more articles and books

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.