As Australia reopens and adjusts to a new Covid-19-reality, the construction industry is earmarked to play a significant role in economic recovery. The Australian government’s $110 billion infrastructure spend and financial support of the residential construction sector highlight this well. However, with all construction booms comes additional risk for the…

Today marks the launch of the Building in the Dark report, which examines construction supply chain risk in Australia and New Zealand. — The report, developed in collaboration with industry consultancy entwine, finds that organisations in construction are operating blindly against an evolving backdrop of supply chain risks and changing business landscape, due to a staggering lack of supply chain transparency.

Vendor risk management in subcontractor-dependent industries such as construction has re-entered the scene as a hot topic. The increasing burden of compliance requirements, cost pressure and project magnitude have pushed some to be “ building in the dark “. It is in the industry’s best interest to build back better…

Enterprise risk management is inherently about preparing for and mitigating both known and unknown risks. COVID-19 used to be an unknown risk — or a black swan event. Now, it’s morphed into a semi-business-as-usual situation where some risks can actually be predicted, whilst some are still lurking quietly. In this…

Previously, we have touched on the broad landscape of third-party risk management in the context of subcontractor-dependent industries. Now let’s zoom in on the specific “risk buckets” to see where the potential leaks are. Treating all vendors equally may not always be the best When it comes to third-party risk management, organisations need to consider the past to best inform…

In the previous article, we have touched on the increasingly complex business environment where cost and risk have their intricate dance. Today, let’s tease out a few more aspects of third party risk management. The supply chain uniqueness of asset builders, owners, and managers “In Australia, subcontractors are responsible for between 80 per cent and 85 per cent of all…

Our previous post taking inspiration from the Ever Given saga, touched on some tips to build a business case for procurement software. No matter what job title you have, chances are you’ve already known you need a solution, now it’s just a matter of convincing others to share your vision. …

We are living in an era where supply chains are becoming more complex. The ecosystem of a modern organisation has expanded to multiple tiers and layers. As organisations become critically dependent on third parties to be profitable and deliver successful business outcomes, these third parties have become the Extended Enterprise. …

The annual Deloitte’s Global Chief Procurement Officer Survey is out, which also marks the 10 thanniversary of this report series. The theme for this year is “Agility: The antidote to complexity”. Understanding this is a comprehensive report which collects data from CPOs around the world, we thought a visual digest…