Procurement is the process of translating customer requirements into the selection of highly capable suppliers, to timely, accurately, cost-effectively deliver high quality, mission-critical inputs and raw materials to internal customers. As well as assuring the accurate receipt and timely payment of all accrued invoices The main work of a Chief Procurement Officer is to: Create a Shared Vision for the…
One of the hot buzzphrases in 2018 is “digital transformation.” The phrase is often used in business contexts. For example, I really like the definition that The Enterprisers Project uses on their website: “Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It’s also a cultural change…
Special thanks to Source One Management Services for this guest post When it comes to running competitive events and soliciting suppliers, electronic sourcing (e-sourcing) tools can be a procurement professional’s best friend. With so many e-sourcing tools on the market, selecting the right tool can be a challenge and requires a firm definition of what your company is looking to get out…
In a surprising and dramatic fashion, multi-module procurement technology provider, BravoSolution, last month acquired procure-to-pay (P2P) specialist, Puridiom. This acquisition comes on the heels of Basware’s acquisition of long-time P2P solution provider – and former BravoSolution partner – Verian earlier this year. Don’t miss updates on Procurement & Supply Chain, Subscribe here! With Puridiom, BravoSolution picks up strong P2P technology…
According to Forbes Magazine, software giant SAP SE has announced its plan to provide online procurement and vendor management services. The strategy SAP SE is pursuing is to take advantage of the business-to-business (B2B) ecommerce market in procurement which has become a hot spot of competition between up-and-coming organizations and heavyweights such as Oracle and Salesforce.com. Don’t miss updates on…
I hope that you have enjoyed the article “Procurement Strategy Do’s & Don’ts, Part I.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! This article – and the forthcoming Part II – were based on a podcast that I recorded with Coupa’s Ravi Thakur. For a procurement strategy-packed 30 minutes of education, I highly encourage you to download…
I hope that you have enjoyed the article “What eSourcing Is & How To Get Started.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! This article is based on a 30-minute podcast I did with Jason Busch, Editor of spendmatters.com. That podcast had lots of nuggets of good information and I only had space for a few excerpts in…