Information about LPS Professionals

News & Events

  • August 4, 2020
    Circular Procurement Recycle

    Circular Procurement for Not-For-Profit Sector

    While the Covid-19 pandemic is reminding us every life-being is interconnected and interdependent, the threat of global climate change is continuing. Some of the not-for-profit sectors, as essential service providers are still running the services during the Circuit Breaker period. Human activities, such as switching on the air conditioners in the office and ordering food […]

    Read More
  • August 3, 2020
    Hotel Reception with protective mask

    Key Considerations for Hotel Procurement Post Covid-19

    The hotel industry has specific needs which are different from other industries. There are many considerations and factors that stand out as priorities in order to achieve the consistency, flexibility and quality that guests expect when they are staying in your hotel.In hotel procurement, several responsibilities such as sourcing for materials, negotiating for contracts, payment […]

    Read More
  • August 3, 2020
    Recycling old computer boards

    Sustainable Procurement and Technology for Circular Supply Chain

    The Organization for Economic Cooperation and Development predicted that global demand for materials would increase by more than 35 percent over the next 15 years, reaching 100 billion metric tons per year. In 2019, Singaporeans threw out 930,000 tonnes of plastic, of which only 37,000 tonnes – or 4 percent – were recycled.At the current […]

    Read More
  • August 2, 2020
    Service Engineer checking robotic

    Circular Procurement for Product Engineering Services Sector

    Procurement plays a key role in the development of the circular economy in the product engineering service sector. Also procurers can stimulate the market to arrive at a circular supply by specifically asking for circular solutions. Circular procurement seeks ways and steps to close the cycles in product categories. It’s Important during the process is […]

    Read More
  • August 2, 2020
    Industrial Robotic Arm

    Essential Factors for Evaluating Logistics Performance

    Logistics performance is a key role player of the business in the several industries. Imaging without logistics even in a city, at least therewould be no food supply, empty mailboxes, full of trash cans, no delivery for favorite fur, no pharmacies for essential treatments, nor any reject collection, everything is going to be halted without […]

    Read More
  • August 1, 2020
    Sustainable Procurement

    Crucial Factors for Sustainable Procurement

    The objectives of the organization must be aligned such that all functions, including procurement and supply chain can work towards the same goals of corporate sustainability and not struggle with each other. This may be done at the controlling levels to drive growth, capital and risk management and provides as a universal point to get […]

    Read More
  • July 31, 2020
    Procurement Methodologies for the Construction Sector

    Procurement Methodologies for the Construction Sector

    As competition in the construction market intensifies, establishing a procurement department is a key process for creating and managing contacts in construction projects. Purchasing activities cover the entire process from the determination of needs to the end of the project, and can become an ideal model for integrating the strategic direction of the organization.This article […]

    Read More
  • July 30, 2020
    Air Freight

    Key Considerations for Effective Cargo Consolidation

    Companies of any size can use consolidation service, but it is particularly useful for organizations with lean supply chains or business that operate in just in time (JIT) environments. Cargo Consolidation significantly keeps transportation costs down while developing long term collaboration with partner carriers. These allow the control of customer shipment seamless end to end.  […]

    Read More
  • July 29, 2020
    Martime Logistics

    Technologies for Maritime Logistics Safety and Security

    The landscape of maritime is shifting with the trends that are emerging do so out necessarily. Smart shipping, shipbuilding, big data, propulsion, advanced materials and analytics, sensors, robotics and communications in conjunction are all having monumental shifts in maritime industry are approaching new challenges and opportunities. Table of Contents Cyber-SecurityInternet of Things (IoT)Blockchain TechnologyFire Fighting […]

    Read More
  • July 28, 2020
    Modern Electric Truck

    Application of Technologies for Logistics Integration

    Integrated Logistics plays a vital role in the total supply chain, ensuring an uninterrupted and timely supply of raw materials, work-in-progress, and finish product to end consumer. Integrated Logistics is a one-stop solution provided by logistics service provider to their customers. The key factors of a successful integrated logistics is to have a good transportation […]

    Read More
  • July 28, 2020
    Quality Control Engineer Checks Electronic Printed Circuit Board

    Procurement Techniques for Improving Supplier Quality

    Supplier quality is the ability of a supplier to deliver goods or services that will meet and satisfy customers’ requirements. The quality performance of suppliers will affect largely and directly to the quality performance of an organization. Ineffective procurement techniques for supplier quality can be catastrophic to business growth. It will negatively impact the reputation […]

    Read More
  • July 27, 2020
    Problematic Suppliers

    Problems and Consequences of Poor Procurement

    Supply risk has always been a major challenge in the procurement practice since centuries ago. Managing organizational expenditures, understanding the importance of procurement in delivering your customer value proposition; optimizing supply chains; reducing cost and creating value while enforcing proper procurement policies is always a constant concern for procurement team. Amid the pandemonium, every organization […]

    Read More
  • July 26, 2020
    Negotiation Technique

    Negotiating Techniques for Construction Procurement

    As a professional purchaser, negotiation skills will place one at an upper hand. Besides interacting closely with the suppliers for various deals, a purchaser has to negotiate effectively with potential suppliers to get the required goods at favourable pricing, within a given working budget. Negotiation is a communication skill whereby the process involves two parties […]

    Read More
  • July 25, 2020
    Green Building Procurement

    Sustainable Procurement for Green Building

    Having sustainable procurement in building industry as the acquisition of product or services which can minimize or provide positive environmental impact throughout the factoring of environmental concerns into major purchasing strategies, policies, directives and practices. Sustainable procurement is the integration of requirements, specifications and criteria that are friendly to the environment. A quieter part of […]

    Read More
  • July 23, 2020
    Global Sourcing

    Mitigating Global Sourcing Risks in a Pandemic

    Businesses dependent on global sourcing are facing hard choices in during period of pandemic such as the current Covid-19 situations with the supply chain disruptions. But in planning to mitigate the risks of similar disruptions in future, they confront many question that have no easy answers: How can risks relating to global sourcing be mitigated […]

    Read More
  • July 22, 2020
    Sustainable Procurement

    Key Drivers for Social Sustainable Procurement

    The key drivers of sustainable procurement were found to be, social and environmental factors into thought along with financial factors in making procurement decision. The three proportions of sustainability: environmental superiority; social impartiality; and economic success. Sustainable procurement is generally represented by commitments to environmental sustainability, which emphasizes the utilization of sustainable products and reducing […]

    Read More
  • July 20, 2020
    Digital Procurement Techniques

    Procurement Techniques for Metallurgical Products

    One of the important processes in the manufacturing plant is procurement which is also a control mechanism of the flow of materials into the from the vendor or supplier. Half of the sales revenue depends on purchased materials manufacturing hence the profit potential of effective purchasing activities is huge compared with other practical management alternatives. […]

    Read More
  • July 18, 2020
    Confectionery Industry

    Sourcing Criteria for the Confectionery Industry

    Strategic sourcing skills play an important role before any purchase are made in every industry. It includes analyzing high-volume purchases and developing long-term partnerships with a picked group of suppliers, which can provide quality products and services at low costs. In the confectionery industry, procurements involved various suppliers. We must be cautious of the cost and income from […]

    Read More
  • July 17, 2020
    Digital Warehousing Automation

    Key Considerations for Digital Warehousing

    With the emergence of ever-on e-commerce, the prerequisite for speedier responses and the need to deal with a more prominent number of SKUs with fewer blunders, warehouses need to scale up the standard to meet the necessities of a secure, perceptive and digitized warehouse. Searching ahead for the next 2 to 10 years, an anticipated […]

    Read More
  • May 5, 2020
    Data Supply Chain Transformation - SIPMM

    Control Towers for Supply Chain Orchestration

    McKinsey & Company in 2015 reported that 80% of the goods (compared to 20% today) would be manufactured in a country different from where they would be consumed.  In 2020, this prediction has proven to be accurate. There are lots of global events that have impacted supply chains in 2019 through 2020.  Nationalization and COVID-19 […]

    Read More
  • April 24, 2020
    Construction Procurement

    Methodologies for Construction Procurement

    The procurement function in the construction industry has resisted change for many decades. But in recent years, new trends have proven a force to be reckoned with, as many organizations begin adopting and embracing new strategies in a bid to stay competitive. We explore current methods that are in practice and also the new wave […]

    Read More
  • April 23, 2020
    Supply Chain Relationship

    Essential Factors for Successful Supplier Selection

    The purchasing function can have an overwhelming impact on the bottom line of an organization. The purchasing department helps to maintain the financial health of organizations by procuring goods and services that meet operational needs and keep operations moving smoothly while providing the highest value. Selecting suppliers is one of the critical aspects of the […]

    Read More
  • April 22, 2020
    Digital Procurement

    Key Focus Areas for Expediting Procurement

    Expediting purchases in inbound logistics is normal but it is painful for many companies who use this approach. Typical reasons for expediting are potential delay on contractual delivery dates, damage products, supplier product upgrade and most importantly, client’s critical specification.The reality of business life is defined as Expediting. Delays brought about by human and non-human […]

    Read More
  • April 21, 2020
    Green Procurement

    Key Considerations for Green Procurement Practices

    Having green procurement in place in the food and beverage industry will positively impact the environment as well as human health. Waste that are not well managed will resort to dumping and open burning. Hence, everyone should adopt green procurement practices to curb further waste growth.As the rise in demand for food and beverage goods […]

    Read More
  • April 21, 2020
    3D Printing Technology

    Six Inventory Control Techniques for the Printing Industry

    Printing industry is going through a metamorphosis due to digitalisation. From a traditional mass production, it is moving towards mass customisation and this trend must be fostered by the printing business world for its survival. The profits in this business which was over 25% a decade ago has since declined below 10%, hence making the […]

    Read More