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?”

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”

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”

Profile: Braidy Industries new Chief Procurement Officer, Stephen Miller

In a wave of new key executives being announced by Braidy Industries to lead the company forward in the construction of its aluminium rolling mill in Kentucky, US, Stephen Miller has been announced as Chief Procurement Officer. Continue reading “Profile: Braidy Industries new Chief Procurement Officer, Stephen Miller”

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

Enterprises and organisations often face new kind of business challenges and complex problems. While ready-made software applications and solutions are easily available in the market, the complexity of business challenges and a problem at times puts the CIOs under immense pressure to innovate and develop solutions that are highly distinctive and beneficial in nature.