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”

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”

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

Preferential Procurement Programs Open the Doors to Success for Minority Entrepreneurs, According to CSUN Professor’s New Study

 

Preferential procurement programs are providing minority entrepreneurs with an opportunity to leverage what might be seen as a hindrance — the historical lack of access due to their race or ethnicity — into a business advantage, according to a new study by California State University, Northridge management professor Lois Shelton. Continue reading “Preferential Procurement Programs Open the Doors to Success for Minority Entrepreneurs, According to CSUN Professor’s New Study”

Digital Procurement: Unintended Consequences Can Be Golden Opportunities (Part 3/3)

Editor’s note: This is the final post in a three-part series on digital disruption from a procurement professional’s perspective.

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Unintended consequences are mostly thought of negatively, but sometimes unexpected things open the door of opportunity. When you undertake a digital project, you often are dealing with the new and untried — and the chance of some pleasant unintended consequences. That’s when things get fun.

Continue reading “Digital Procurement: Unintended Consequences Can Be Golden Opportunities (Part 3/3)”

4 Lessons We Learned as Our Property Management Company Grew

 

Our property management company has expanded enormously over the past few years, and during that time, we’ve failed pretty epically on more than one occasion. We’ve gone from a dedicated manager and a couple of close allies to being a far-flung company with more than two dozen dedicated full and a few part-time workers. We’ve learned lessons that we literally didn’t know existed to be learned a few years ago! Lend us an ear while we share a few of them with you.

Continue reading “4 Lessons We Learned as Our Property Management Company Grew”

Inside the Procurement Mindset

Recent studies of human behaviour and thinking invariably show that there are a large number of natural influences or biases that can affect individual and organisational decision-making. It is a fascinating field and worthy of study, particularly for those leading procurement organisations today or those that aspire to in the future. One common take away from a quick review of the subject is that the … Continue reading Inside the Procurement Mindset