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

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”

Collaboration as a procurement strategy

 

In the majority of cases, best-performing organisations are generally in agreement that profitable commerce begins with smarter procurement strategies culminating into mutually aligned gains and benefits for all organisations. In such set ups, procurement practitioners are expected to wear more than one hat which includes the hat for a corporate leader, supply chain manager, account relationship manager, risk control manager, service advisory manager, working capital manager and marketing manager. Continue reading “Collaboration as a procurement strategy”

Protiviti Study Contains New Findings on Value of Procurement

According to a new procurement study by global consulting firm Protiviti, nearly half of finance leaders claim that 20 percent or less of procurement savings wind up dropping to their companies’ bottom line. Amid a business environment where monetary returns, business value and financial risk are under intense scrutiny, the survey report highlights a clear disconnect between corporate finance and procurement in the perceived value contributed by the procurement function to an organisation’s profitability.
Continue reading “Protiviti Study Contains New Findings on Value of Procurement”

Understanding Price and Contract Issues with Solar PPAs [2/2]

By Beth A. Fox, a partner in the energy practice group of the law firm Manatt, Phelps & Phillips, LLP. She can be reached at bfox@manatt.com

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To negotiate a fair price for the power that you will be receiving, you need to understand the full price you are presently paying. All power customers pay for energy usage (measured in kWh), but the prices charged for this energy likely differ based on Continue reading “Understanding Price and Contract Issues with Solar PPAs [2/2]”

How To Get The Most Benefit From a Solar Power Purchase Agreement (PPA) [1/2]

By Beth A. Fox, a partner in the energy practice group of the law firm Manatt, Phelps & Phillips, LLP. She can be reached at bfox@manatt.com

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Solar rooftop installations are growing by leaps and bounds. Indeed, according to Market Watch, the fastest growing job in the country from 2012 to 2016 was “solar photovoltaic installer.” Building owners and facility managers across the United States (and around the world) are exploring ways to install solar systems that effectively use rooftop space and save on energy bills. Continue reading “How To Get The Most Benefit From a Solar Power Purchase Agreement (PPA) [1/2]”

The Expertise and Language Gap in Technology Procurement: Reducing Bloat and Improving Collaboration

Minimizing the expertise and language gap between program and IT staff on campus can create a more flexible and growth-oriented institution where resources are used to their fullest and technology and business goals are given equal weight and priority. Continue reading The Expertise and Language Gap in Technology Procurement: Reducing Bloat and Improving Collaboration

The Free, Award-Winning App That Takes the Pain Out of Home Maintenance & Repair

  Ever get that dreaded call from a tenant complaining that the toilet is dripping? Or perhaps the dishwasher blade has snapped off? You grit your teeth because you noticed in your files you didn’t write down the make and model. You’re forced to visit the property yourself, get the information, run to the store hoping they have the part, and then return to fix … Continue reading The Free, Award-Winning App That Takes the Pain Out of Home Maintenance & Repair