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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?”

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?”

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

The Procurement Process and Contract Management: The Key to Managing Risk

It’s no secret. Organizations are losing millions due to cost volatility, supply disruption and non-compliance fines. An ever-increasing pace of business and rising levels of uncertainty within our global economy have brought about an alarming amount of potential pitfalls for procurement leaders. This means risk management has become Continue reading “The Procurement Process and Contract Management: The Key to Managing Risk”

What Sets World-Class Procurement Organizations Apart? Use of Digital Technology for One

here are many things that set world-class procurement organizations apart from their average-performing peers. It may be working closely with suppliers to drive innovation and manage risks, or perhaps it’s collaborating with senior management on strategic initiatives. Continue reading “What Sets World-Class Procurement Organizations Apart? Use of Digital Technology for One”

Essar Projects CIO’s e-procurement and e-invoicing applications saves Rs. 30 crore in the company

Two in-house built e-procurement and e-invoicing applications have helped the company save Rs 30 crore in the first year of its implementation says, Satyanarayana Kasturi, Essar Projects (India)’s GM & CIO – Projects Business Continue reading Essar Projects CIO’s e-procurement and e-invoicing applications saves Rs. 30 crore in the company

ProcurePort Introduces Affordable and Flexible Pricing Tiers for the Mid-Market and High Growth Companies Looking to Implement E-Sourcing and Procure-to-Pay Software

With the increased use of cloud hosted software in other areas of operations of a typical organization; typical procurement processes such as spend analysis, request for proposal (RFP), request for quote (RFQ), issuing a requisition, P.O. and Invoice process and payment reconciliation Continue reading “ProcurePort Introduces Affordable and Flexible Pricing Tiers for the Mid-Market and High Growth Companies Looking to Implement E-Sourcing and Procure-to-Pay Software”

Shaking up outdated procurement practices in Singapore’s property management

Pegaxis Pte Ltd has a plan to improve the way property managers and contractors procure services in the industry, by making it more efficient, accountable and affordable. The first of its kind in Singapore, Pegaxis is an online e-procurement platform that allows managers and owners of condos and commercial properties to procure repair, maintenance and small work contractors with the emphasis on transparency and accountability. Its … Continue reading Shaking up outdated procurement practices in Singapore’s property management