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”

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”

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”

Facilities Management: The magic key to boosting business productivity

The facilities management (FM) industry has transformed in the past decades, from being a peripheral building management service to now being viewed as a serious discipline and business enabler. Facilities management today is a key function in managing facility resources, support services, and working environment, to achieve Continue reading “Facilities Management: The magic key to boosting business productivity”

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.

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