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”

Tech Upgrades Delivering Procurement Efficiency Boosts

Looking for a common thread between supply chains and procurement operations today can be challenging: As companies’ efforts reach global scale and incorporate complicated relationships between third parties, each one takes on its own unique characteristics. However, sourcing professionals must identify the hallmarks of success in the field if they want to ensure their own organizations end up on the right path. Continue reading “Tech Upgrades Delivering Procurement Efficiency Boosts”

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

Direct Procurement: JAGGAER and FACTON Partnership

Jaggaer, provider of the world’s most comprehensive Source to Pay (S2P) suite for indirect and direct spend solutions, and Facton GmbH, the leading provider of enterprise product costing for the automotive, aerospace, mechanical engineering, high-tech and electronics sectors, are forming a strategic partnership to provide their customers with digital, efficient processes for the entire production process. The integration of product costing calculations and should cost … Continue reading Direct Procurement: JAGGAER and FACTON Partnership

Amazon juggernaut sets its sights on its next victim: The middle-man

The growth of Amazon has the potential to disrupt “middlemen,” particularly in the industrial space. Amazon Business now has 300,000 registered corporate buyers and recently surpassed $1 billion in sales. Stocks like W.W. Grainger and Fastenal could come under pressure from Amazon, analysts say. Before it was Amazon killing the retailers. Last week it was Amazon disrupting appliances. Now there’s a broader concern: Amazon has the potential to disrupt … Continue reading Amazon juggernaut sets its sights on its next victim: The middle-man

Rethinking Contract Management with Digital Transaction Management

  Recent innovations in contract management solutions are bringing agility, collaboration, and ease-of-use to organisations of every size and driving procurement and enterprise success along the way. More specifically, Digital Transaction Management (“DTM”) tools are changing the way that enterprises and procurement teams conduct business and codify trading partner relationships. They are taking the paper out of the process, cutting down on costly processing times and errors, … Continue reading Rethinking Contract Management with Digital Transaction Management