Welcome to the fourth edition of NK Focus, Novo-K's very own newsletter!
Novo-K Procurement Solutions
Refresh, revive and renew your approach through tech-led procurement solutions
Our newsletter will curate important industry insights, procurement knowledge and news from Novo-K’s front desk to bring you a compilation of what’s happening in the world of procurement every month!??
With the help of our partners and collaborators, we offer information from the frontlines of sustainability, ESG, cyber security and supply chain and provide key takeaways on how you can mature your procurement function.??
Unlocking Value: Whole Life Costing in Procurement, a blog by Poonam Dudeja, our Senior Procurement Specialist. ??
In this blog, Poonam explores whole life costing (WLC) in procurement, which considers a product or service's overall costs over its lifespan, including factors like reliability and environmental impact. Using a laptop procurement case study at Novo-K, Poonam showcases how WLC principles led to significant cost savings for the client and emphasised sustainable procurement practices. This case study illustrates how WLC can inform decision-making and promote sustainability in procurement.
Head to the blog to know more!
Have you heard about Novo-K’s latest offering – Elite Sport Procurement Collective? ??????
In the dynamic and nuanced realm of sports, Novo-K has launched the Elite Sport Procurement Collective (ESPC). As experienced procurement practitioners, Novo-K is committed to leadership and best practice facilitating dynamic knowledge sharing, driving innovation and value through proactive collaboration.
EPSC members can benefit from this collective approach to procurement, leveraging their aggregated power and shared learning.
ESPC is a community dedicated to revolutionising the procurement in the sports industry. With a focus on leadership, innovation, and collaboration, ESPC aims to empower its members to achieve excellence in procurement practices.
By joining ESPC members can benefit from:
Want to be a part of the ESPC community? Head to our website to know more!
Do you understand the fundamentals of Procurement? ??
In our recent Novo-K team call, we posed three questions to our non-procurement employees:
1.??? What is the difference between procurement and purchasing?
2.??? In strategic procurement, what is the primary focus?
3.??? What is Total Cost of Ownership in procurement?
We were impressed with the responses from most of them, demonstrating a solid understanding of these fundamental principles.
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However, we also believe it is crucial for our online community to grasp these concepts as well. Dive deeper into the topic by checking out the graphic below! ??
Join our effort to support UNSDG 13 – Climate Action!????
Over the past three years, Novo-K has been working with Ecologi to support their reforestation efforts and carbon reduction projects.?
Together, we have planted 9,004 trees in different parts of the world, contributing to 168.79 tonnes of carbon reduction.?
You can view our forest here: https://ecologi.com/novo-k??
We have also funded 35 carbon avoidance projects. Each project contributes to carbon emission reduction and in the process creates larger social and environmental impact. Their projects provide vital habitats for biodiversity and support the lives of local people all around the world. Ecologi’s climate impact team selects the tree planting sites that will benefit most.?
You can also shop your impact here!
?? Events
We have a number of exciting events planned for the coming months. If you would like to know more and register, head over to the events page on our website.
Attention Suppliers! Did you know you could join Novo-K’s Supplier Directory for free? ??
We are excited to extend an invitation for you to be a part of Novo-K’s Supplier Directory, with absolutely no cost. Your participation opens doors to a plethora of opportunities to take your business to the next level.
Register here to be listed on Novo-K’s Supplier Directory, for free. Explore new markets, with us!