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 […]
What Is the eTendering Process? The eTendering process may sound like something complicated, but at its root, it refers to the process of managing tenders digitally. Before the internet, all procurement processes were done with hard copies, which obviously could delay production. However, moving to digital formats such as procurement software solutions, eTendering, and other […]
Your Guide to Procurement and Sourcing Software At one time, all of the procurement process steps were essentially an “analog” process—in other words, everything was done on typewriters or by hand and filed in cabinets. You would have spent endless hours on phone calls with vendors and suppliers, keeping conversations and facts and figures straight. […]
Finding the Right Business Process Management Solutions Business process management solutions refer to a broad set of tools that can help organizations and corporations effectively streamline their workflow and work more efficiently, given tools, and software. For those in procurement management, this may refer to several different types of tools and software, especially […]
What Is Procurement Management? If you’ve asked yourself, “what is procurement management?” the simple answer is that it is a strategic way to manage and optimize the way your organization spends money, typically with the end result of creating a product. The entire process involves acquiring goods and services from vendors and suppliers […]
The Best Business Process Management Software The best business process management software is put in place to improve your overall corporate performance. Whether you’re looking to manage multiple business applications or refine processes involving workflow or even human interaction, business process management, or BPM, tools can help with that. What is important to know, […]
Action Versus Worry About Your Supply Chain During the Corona Crisis Action Versus Worry About Your Supply Chain During the Corona Crisis There are certainly plenty of things to worry about during the current pandemic. Yesterday, Tyson Foods took out a full-page ad in the NY Times to warn about impending shortages in the supply […]
Raw Material Sourcing Success Story: More Suppliers Participated plus Time and Hard Dollar Savings If your colleague increased supplier participation, saved time and generated hard dollar savings, wouldn’t you want to know how they did it? Of course. Let me share some of the highlights of this success story at an international manufacturing and distribution […]
Process Automation in Procurement with a Focus on Controlling Tail Spend If you could automate the procurement process for low value items and gain control over tail spend, what would that mean for your company? Based on my experience, here are some of the benefits: Dramatic increase in spend under management Significant improvement in data […]
Workflow Management – What CPOs Want in Their Cockpit or Dashboard Effective workflow management for CPOs starts with a well-designed cockpit and/or dashboard. Imagine knowing the status of projects at a glance including the ability to drill down as needed. Overwhelmed and frustrated. If you are a CPO it is very likely that this is […]