Adapting to Global Trends
for Sustainable Success
Procurement is changing, with new trends reshaping
its future. We help organisations adapt, building
resilience and strategic solutions for success.
A Changing World with Renewed Procurement Focus
The Evolving World of Procurement
The world of procurement is evolving, and several trends are shaping its future. Organisations are faced with the challenge of reviewing their ability to meet these new challenges which include:
Multipolar World
As global value chains face challenges due to geopolitical tensions and supply chain disruptions, organisations are shifting focus from cost improvement alone to resiliency and adaptability.
AI and Machine Learning
Advances in AI and machine learning allow procurement to extract deep insights from previously unstructured data. Enhancing spend transparency and capitalising on supply market movements are crucial contributions.
Demographic Shifts
Shrinking workforces and rising skill gaps intensify competition for digital talent. Procurement departments require the analytical skills to unlock value from agile ways of working and digital operating models.
Low-Carbon Transition
Procurement can take the lead in minimising value chain emissions, securing green materials, and managing capital expenditure to achieve net-zero energy.
Compliance
These trends are essential for organisations to stay competitive and create value across their supply chains and Pit Advisory can support this by “Piecing it Together”.
People
Greg Edmonds
Greg is the founder of Pit Advisory and this is his second consultancy venture after starting the highly successful Project Procure boutique procurement consultancy back in 2006. Project Procure grew to a firm of 35 procurement consultants with offices in Brisbane, Sydney, Canberra, and Melbourne at its peak until sold. Project Procure during that time delivered over 400 successful procurement related projects which Greg was overall accountable for.
Experience That Bridges Industries & Regions
Greg has over 35 years’ procurement, retail and commercial experience spanning both professional services and industry primarily in Australia, Southeast Asia, Pacific Islands, and the Middle East. Greg is MCIPS qualified through the industry body CIPS and holds procurement qualifications. He also holds Project Management Qualifications through the University of Sydney and has significant Human Resource Management skills and experience having worked in HR roles and completed studies through Macquarie University and Charles Sturt University.
Greg has a passion for Sustainable Procurement and has studied this at the International Training Centre supported by the UN in Turin Italy.
Greg also holds Advanced Retail Management qualifications through the Australian Retailers Association (formerly NSW Retail Traders Association. In his retail days Greg at one time managed a business of over 50M turnover per annum managing 22 Department Managers and over 320 staff.
He has a strong history in rapidly developing trusted relationships, providing objective advice, and leading successful, Procurement, Supply Chain and Sourcing teams for public and private sector organisations. Greg uses his unique skills and experience to foster industry and market wide relationships to achieve successful outcomes.
Founder of Pit Advisory & Project Procure
Over 35 years’ global procurement experience
Led over 400 successful procurement projects
MCIPS and project management qualified
Expert in sustainable procurement
Managed teams of 300+ staff & $50M+ turnover
Speaker at major international procurement events
Greg has gained significant experience from working with Blue Chip companies solving their complex sourcing and supplier-related challenges and has extensive experience in Local and State Governments and Government owned Corporations. Previously, Greg has led high performing teams in organisations across multiple sectors supporting their sourcing and outsourcing agenda. Greg has worked in corporate procurement and human resource management roles for an extended period, covering one of the largest supplier bases in Australia.
He has been a leader in the procurement world and has delivered procurement programs internationally including delivering presentations to the United Nation Commission on International Trade Law ((UNCITRAL) in Seol South Korea, Oil & Gas Events in Singapore, Sustainable Procurement Events in Jakarta Indonesia and numerous CIPS and Quest Events in Australia.