Procurement Blogs

BLOGS

How Procurement Automation Can Help in Procurement Transformation?

Submitted by : Malvi Goyal

Decisions taken by a procurement department of an organization are of prime importance as they can significantly impact the costs savings. To deliver continuous cost savings and increase process efficiency, procurement professionals are now looking at automating steps of a procurement cycle. Although procurement automation seems like a viable...

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...