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IBM Emptoris: Contract Management – dead or very much alive?

Earlier this year IBM announced that it was to retire its Emptoris contract and sourcing supply management tool, but does that mean the death knell has sounded for contract management? After all, if IBM with all of its experience and resources can’t make it work, can anyone? Continue reading “IBM Emptoris: Contract Management – dead or very much alive?”

Best practices in oil and gas supply chain and procurement

Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of supply and demand. Now with the oil prices at historic lows, and with no signs of early recovery, the time has come to evaluate the supply chain and procurement techniques and costs. Continue reading “Best practices in oil and gas supply chain and procurement”

Do Other Services Procurement Areas Get as Much Negative Press from Suppliers as Marketing Procurement?

Tina Fegent is mad as hell and she’s not going to take it anymore.

OK, that may be a bit of an overstatement, but for someone with a couple decades of experience in the marketing procurement space, Tina is officially en garde when it comes to marketing services suppliers (namely, the agencies) bad-mouthing her chosen profession.

“Time and time again, the [marketing] trade press slags off procurement,” she told me. Continue reading “Do Other Services Procurement Areas Get as Much Negative Press from Suppliers as Marketing Procurement?”

Opinion- Procurement: A catalyst to economy and Infrastructural development

A company that fails to manage its supply chain at a strategic level is unlikely to meet its business objectives effectively. (Chris Freeman-CEO of Logic).

I must, first of all, give glory to God almighty that make me a procurement and supply chain management professional. Why is professionalization of procurement and supply chain management so important that makes me put up this piece of write up? Continue reading “Opinion- Procurement: A catalyst to economy and Infrastructural development”

5 Ways Procurement Can Transform Stakeholders into Advocates

Bottom-line savings go hand-in-hand with top-line profits—and more and more enterprises are realizing that the best way to get a firm grasp on both of these is through sourcing. While the function has long been regarded as a vital internal resource to increase savings, many companies view procurement through a tactical lens, as something that exists primarily to manage negotiations at the end of a … Continue reading 5 Ways Procurement Can Transform Stakeholders into Advocates

Source One Takes Proven Cost Reduction Tactics to Dallas, Texas in a Unique Event for Procurement Professionals

Top boutique strategic sourcing consulting firm Source Management Services continues its partnership with leading group purchasing organization, Corporate United (CU), to produce the second installment of The Road to SYNERGY. The one-day conference in Dallas, Texas aims to equip members and prospective members of the CU community in the Southwest with cost reduction strategies. Continue reading “Source One Takes Proven Cost Reduction Tactics to Dallas, Texas in a Unique Event for Procurement Professionals”

Report: SMEs are adopting procurement earlier, but still as reactionary measure

Dive Insight: As one who works with a range of technology-driven early stage and small businesses, I can confirm, albeit with a smaller sample, that SMEs are indeed looking at procurement as an important element of their businesses. While surveys may look at companies incorporating procurement using transactional benchmarks such as a number of suppliers and invoices, it goes deeper than that. SMEs are focusing … Continue reading Report: SMEs are adopting procurement earlier, but still as reactionary measure