Procurement of software and smartphone apps
The article offers tips to companies on implementing protocols for the procurement of software and smartphone applications. Before making a purchase, firms are advised to have a clear definition of the problem to be solved by the use of the software. The request for proposal should be reviewed by multiple individuals at different levels of the organization for thoroughness, priorities and risks.
Get smart about cybersecurity
Article details the imperative of having a disaster recovery plan and comprehensive cybersecurity policy in place. Purchasing cybersecurity insurance to mitigate the risk is also an option to be considered.
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.
The article focuses on the growing use of cryptocurrencies, such as bitcoin, as payment for purchases. Topics discussed include the tax implications and reporting requirements for cryptocurrency transactions, a method for determining the fair market value of a cryptocurrency.
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).
Articles and books in the Library collection
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.
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