Archive for February, 2014

Are There Shortcuts To Procurement Technology Vendor Selections?

On a recent Next Level Purchasing Association webinar, an attendee asked an interesting question. That question went something like this:  “Identifying and evaluating procurement technology vendors is very time consuming. Are there any resources available to try to shortcut the initial investigation process?” My short answer was “yes and no.” And I had a long answer, too. Let me explain……

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The Quality Rarely Found on Procurement Job Descriptions (That’s Required For Every Modern Procurement Job)

I hope that you have enjoyed the article “Is Your Procurement Job At Risk?” In the article, I introduced you to three things you should do to ensure that a new procurement leader doesn’t kick you to the curb in favor of a more energetic, younger – though less experienced – replacement.  In this post, I’d like to elaborate more…

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e-Sourcing/e-Procurement Webinar on February 26

Just knowing that your organization needs an e-Procurement and/or e-Sourcing solution is not enough to begin evaluating vendors in the space.  This is especially true if your biggest need is a basic e-Negotiation suite that is theoretically available from over two dozen vendors. Which solution, or solutions, are right for your organization?  Depending on the needs of the organization, it…

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A Buyer’s Introduction To Performance Bonds

Procurement professionals often begin their careers as buyers of goods.  Later, they often find themselves buying more and more services.  Sometime during that transition, they will come across the issue of requiring suppliers to obtain performance bonds as part of contractual relationships. At this point, the buyers will ask:  “What is a performance bond?  When do I know when to…

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One Key to Better Procurement Compliance

I hope that you enjoyed the article How To Improve Procurement Compliance. In the article, I provided three tips and alluded to a fourth.  That fourth tip is “where appropriate, give internal customers a choice of a few approved suppliers rather than one mandated supplier.” Sure, certain categories must be single sourced.  But for some less critical categories, particularly in…

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