BLOGS
Unlocking The Full Potential Of Procurement Through Integration
Submitted by : Sanjeevani Kumar
Integration can no longer be a peripheral factor for companies to decide the procurement solution they opt for, it is vital for an efficient and top performing procurement function. Procurement’s rising stature and increased docket of responsibilities means that it cannot function in silos, and needs seamless integration and interfacing with...
Efficient Procurement Measures for Effective Cost Benchmarking
Submitted by : Linda Ashok
If you are given a role-play, would you represent Y or X? I would certainly enact X’s role who unlike Y, is more sure of what exactly made an impact for her company, which is automation that led to a huge cost difference. I’m happy when my organization makes is able to achieve an impressive savings outcome. Here, Y knows at his heart that...
Procurement Lessons From The Fifa 2018 World Cup
Submitted by : Swetalina Routray
The recently concluded FIFA World Cup 2018 – had France crowned as 2nd time victors, after defeating Croatia in the finals. While France was one of the pre-tournament favorites, Croatia’s run was an unexpected fairytale. Here are some key takeaways for procurement & sourcing professionals from the soccer...
Digital Procurement Practice: A Look at the Bottom of the Iceberg
Submitted by : Linda Ashok
The Global CPO Survey 2018 participated by 500 procurement leaders of businesses worth $5.5 trillion across 39 countries has some interesting insights into procurement across various industries and verticals. In this article, we study the cues drawn from the research that hints toward digitization of...
Impact of Asean Free Trade Agreement (AFTA) on Region's Procurement
Submitted by : Linda Ashok
ASEAN Free Trade Agreement (AFTA) is an intergovernmental agreement signed by ASEAN (Association of Southeast Asian Nations: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) on 28 January 1992 in Singapore. AFTA through the Common Effective Preferential Tariff scheme intends to increase the...
The Best e-Procurement Systems for Public Procurement
Submitted by : www.procurement.org
Selecting the right e-procurement system is always a long-lasting puzzle in public institutions, PIUs and International Organizations. In the world of Public Procurement there are 24 rules to evaluate your procurement software against. If your e-procurement system encompasses 75% - 80% of these rules, you can consider you have a good product. If...
Procurement of Art Works and Related Services in Public or International Organizations
Submitted by : www.procurement.org
Imagine your entity wants to raise awareness and intends to organize an exhibition of photographs that demonstrate a specific topic. For example, human trafficking, or daily challenges of people with disabilities, or people with Alzheimer disease, or cancer survivors, or else. And, naturally, each photographer has her/his own price for...
Do Not Miss Expiry Dates of Your Contracts
Submitted by : www.procurement.org
How do you monitor expiry dates of your contracts? Procurement professionals love framework contracts. The ones that last for 36 or 48 or more months. And it is indeed very convenient, you organize a tender once and then you simply manage the contract for years. But sometimes we got used to established supply chain, regular, recurring deliveries...