Procurement

Sourcing a New Contract-Centric Approach

Posted: 03/09/2019 - 04:16
In today’s fast-paced business environment, sourcing and procurement departments are often left in a difficult position; they are required to become quicker and more proficient when it comes to sourcing the essential direct and indirect materials their companies need to do business, but saddled with a source-to-settle process filled with risks and inefficiencies.   
 

Seeing the Light: Why More CFOs are Using Procurement as a Tool for Business Growth

Posted: 02/25/2019 - 02:42
A growing number of CFOs across Europe are now looking to their procurement teams to support their companies’ business growth strategies. Procurement is not just simply a back-office function, but a proactive business tool, able to deliver short-term gains and also help a business work towards long-term objectives.  
 

How Artificial Intelligence is Transforming Business

Posted: 02/02/2019 - 05:32
Artificial Intelligence (AI), is a much used and abused term, potentially at the top of its hype cycle.  In one of her recent speeches Theresa May identified AI as a major growth area for British businesses and Juniper research estimated that AI will save businesses $8 billion a year by 2020. AI is predicted to disrupt business and procurement over the next five years through the use of robotic process automation, machine learning and cognitive procurement. 

Introducing...Women in Global Sourcing

Posted: 12/28/2018 - 02:09
I have a passion for style and design. I like handbags, stilettos and lipstick so much that before I stumbled on sourcing during my senior year of college I planned on a career in fashion. I had recently finished my Alpha Gamma Delta sorority presidency and volunteered to coordinate Lip Jam, our largest fundraiser of the year benefiting diabetes. I hired a local print management company to source all the print, apparel and promotional items for the event. Out of nowhere, they offered me a job. I’m sure it was my charming personality and drop-dead good looks.  

Why wait to start your tech implementation?

Posted: 12/27/2018 - 03:37
Though slight variations are inevitable, most procurement organizations follow a familiar process for selecting and implementing their tools. Generally, it looks something like this.  
 
  • They decide they need a new procurement solution.
  • They conduct research and begin to engage with appealing providers.
  • They create and distribute an RFP.
  • They score the RFP responses to narrow things down.  

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