How eAuction Software Simplifies Sourcing In an eAuction, multiple vendors compete directly against each other to win a contract to supply the buyer company with specific products or services. Also known as an eReverse auction, the technology has had a transformative effect over the last 25 years, leveling the playing field for vendors bidding on […]
Procurement Technology Review of EC eSourcing and EC Optimize EC Sourcing Group – A Practitioner’s Perspective by Kumar Kannen at Procural: I am going to dig into the fast-evolving world of sourcing technology from a practitioner’s perspective as part of an on-going series. Most reviews that I have seen are too high level and don’t […]
Proactively Manage Supplier Risk Is managing emerging supplier risks a priority for you or your team in 2021? Join us for a best practices webinar on supplier-funded strategies for mitigating today’s top risks. Bring your questions and we’ll bring our insight. If any of these Supplier Risk Questions resonate with you or colleagues, this is […]
Objectives of Procurement Management The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting organizational goals within the team.” Procurement and purchasing is one stop on the supply chain, but everyone suffers if there’s a break in the chain. Every link […]
One School District’s Purchasing Staff is Successfully Operating Virtually During Coronavirus The purchasing group of one of the largest school districts in New Jersey is successfully navigating the Coronavirus pandemic without missing a beat. This wouldn’t have been possible less than two years ago. At that time, they were using a system straight out of […]
New Reality in Supply Chain Strategy – Where are the Weakest Links? A crisis will shine a light on the weakest links in your supply chain. Wouldn’t we all like to have a supply chain built to withstand a ramming like the cruise ship RCGS Resolute? It was built to sail through icy waters including […]
Some Tips for Procurement Professionals on Working Remotely During the Coronavirus Crisis As a procurement professional who has worked remotely for years, I will share some tips on how to stay engaged and productive during the Coronavirus crisis. About half of our team works from home at least one day a week and we often […]
Is Saving Time More Important than Saving Money in Procurement? Do you want more time to run RFPs or more time to analyze them? What if supplier onboarding and management were simplified? If intake was automated would stakeholders be happier and engaged? If you are like most people I speak to, they have more things […]
The Easiest Way I know to Increase Stakeholder Engagement In my experience automating cross functional scoring is the easiest way to increase stakeholder engagement. Every prospect I have spoken with in the last 4 years has asked about automating cross-functional scoring. Every prospect. It continues to surprise me that successful companies are still using a […]
Supplier Engagement Surveys Made Simple A simple way to increase supplier engagement is to utilize your RFI tool. Most organizations list supplier engagement as a top goal. Motivated suppliers help your bottom line and organizational efficiency. If it is a headache to do business with your company, many suppliers will look for other business partners. […]