Expert insights. Personalized for you.
The procurement landscape has changed a lot since the onset of the coronavirus pandemic. Chief Procurement Officers (CPOs) have had to adapt quickly to disruptions in local, regional, and international supply chains. MORE
What is RFP and what does RFP stand for? To those new to the procurement industry, RFP sounds a lot like RFI or RFQ. In fact, it’s a classic rookie mistake to use the terms interchangeably. We can hear you say, “But wait, are these terms divergent? MORE
The procurement industry is changing at a fast pace owing to the rapid development of new procurement technologies. With digitalization becoming the norm, Chief Procurement Officers (CPOs) have found it necessary to stay on top of the news regarding procurement software best practices. MORE
Are you looking for ways to improve your procurement strategy in 2021? There is no doubt that we are living through precarious times that have disrupted local, regional, and global supply chains forcing many procurement officers to find ways to adapt. MORE
2020 has shown itself to be a wake up call for many departments within businesses. Many were caught unaware by the coronavirus and no one could have predicted that the whole world would be on lockdown because of a global health pandemic. Since March, the United States economy has shrunk at the fastest rate since […]. The post Purchasing and Supply Chain Management in 2020 appeared first on ProcurePort Blog. Procurement News MORE
Do you ever miss the old days of pen and paper? The lost art of letter-writing? Carefully folding a note full of beautiful flowing prose so it fits snugly into its envelope, only to be sent off to the eventual recipient. MORE
No matter who is playing, a chess match is played one move at a time. However, the greats, the grandmasters and prodigy’s, they all play these matches far, far more quickly than that. MORE
65 
Father of the Portfolio Purchasing Model, Peter Kraljic, a former McKinsey & Co. director is heralded as being the first to propose that enterprises should regard purchasing as a separate operation in supply chain management. MORE
The phrase, ‘you have to spend money to make money’ is sort of a constant in the business world. Although, as with everything in life, there needs to be balance to the spending. This is where procurement comes into play. MORE
A new digital era is emerging, with procure-to-pay (P2P) now developed as a digital process. P2P services enhance collaboration between buyers and suppliers and generate an increased value to the supply chain. Going digital with the P2P process allows buyers and suppliers to develop a relationship that benefits both parties. Cloud-based P2P software platforms act […]. The post How Digitized Procure-to-Pay Benefits You appeared first on ProcurePort Blog. Procure-to-Pay MORE
The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings. MORE
Sourcing and procurement can be complex endeavors. This is why alternative negotiation approaches have been devised. You may already be familiar with the Dutch auction, Vickery auction, reverse auction, and multi-attribute reverse auction, but have you heard of the Japanese Auction? MORE
Without inventory management, businesses, economies, and societies would descend into chaos. Inventory management is one of the most crucial elements in developing strong and resilient supply-chains that aren’t affected by the volatile marketplace. MORE
As things advance and evolve, they become more complicated. In biology, for example, it’s widely accepted that the very first organisms were single-cell organisms, the few arguments being that there was an even simpler organism that existed prior to that of the single-cell-organism. MORE
Here’s a question for you: Do you know the difference between procurement and supply chain management? We ask because the terms are so often misused. The better you understand the role of each of these practices, the more effectively you can communicate with stakeholders along the value chain. MORE
After enough observation, a pattern emerges among structures, natural ecosystems, scientific and philosophical theories, and even man-made concepts. One of these patterns is that each has a core. Something that is really at the heart of the matter. MORE
The reason that local phone numbers are seven digits is actually psychological and scientific. The human brain, on average, is only able to remember between 6 and 9 digits in a sequence when only seeing or hearing that sequence once. MORE
The procurement industry is changing rapidly owing to the wide-spread adoption of new technologies. Procurement officers are embracing this change because automation is allowing them to be more efficient. An example of software that’s eased life for enterprises is eRFP. MORE
Auctions are a pillar of procurement. There is a wide variety of auctions that are used in procurement and each is slightly different or run with slightly different rules. MORE
52 
Did you know that reverse auction software can help you save 18 to 40% on addressable spend? Buyers are always looking for ways to reduce sourcing fees and the e-auction system provides such a platform. It permits streamlining of e-procurement and assists in improving service along the supply chain. MORE
What are some of today’s top vendor management best practices? What vendor management pitfalls should you be watchful of? Which of these practices can improve your bottom line? We have scoured high and low searching for vendor management practices that will put you miles ahead of your competitors. MORE
Are you looking to streamline operations, improve procurement delivery, and generate savings? If so, you’re not alone. Procurement has become such an integral function of every enterprise warranting its own staff and strategy. MORE
Remember Goldilocks? The little lady who wandered into the forest and tested each porridge and each bed till she found just the right fit? Well, business professionals often feel like they’re Goldilocks, looking for the perfect solution that’s catered just to their specific needs. MORE
60 
There are two sides to every coin and every story. The world of procurement is often divided into two sections: indirect sourcing and direct sourcing. MORE
Technology inherently advances technology. This is a concept that results in an exponential growth in technological advancement and invention as more advanced technology becomes widely and readily available. MORE
The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […]. The post Enhancing the RFP Process for a Stronger Supplier Relationship appeared first on ProcurePort Blog. RFP Software Uncategorized MORE
Request for information (RFI) is a prevalent business practice in the procurement industry. It provides a succinct way to gather information from various suppliers which can then be used to craft requests for proposals (RFPs) in the future. MORE
The best businesspeople manage to find additional value where others cannot. This means mining through data, staying updated on the latest technology being used within the organization for strategic sourcing, and staying on top of current market trends as well. MORE
Communities of all shapes and sizes exist throughout society. Neighborhoods, families, organizations, towns, all of these are just a few examples of communities varying in size and function. Businesses and organizations are communities as well. MORE
ProcurePort
FEBRUARY 17, 2021
Here’s a question for you: Do you know the difference between procurement and supply chain management? We ask because the terms are so often misused. The better you understand the role of each of these practices, the more effectively you can communicate with stakeholders along the value chain.
ProcurePort
FEBRUARY 4, 2021
The procurement landscape has changed a lot since the onset of the coronavirus pandemic. Chief Procurement Officers (CPOs) have had to adapt quickly to disruptions in local, regional, and international supply chains.
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ProcurePort
FEBRUARY 3, 2021
Are you looking for ways to improve your procurement strategy in 2021? There is no doubt that we are living through precarious times that have disrupted local, regional, and global supply chains forcing many procurement officers to find ways to adapt.
ProcurePort
DECEMBER 30, 2020
Father of the Portfolio Purchasing Model, Peter Kraljic, a former McKinsey & Co. director is heralded as being the first to propose that enterprises should regard purchasing as a separate operation in supply chain management.
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Many supply chain professionals have already taken this assessment spanning across multiple industries and 20 countries. The 15-question assessment takes only 5 minutes to complete. Take it now to see how your S&OE process scores and benchmark it against peers. Responses are aggregated and kept anonymous. We hope it serves as a thought-provoking exercise to improve your approach!
ProcurePort
AUGUST 31, 2020
Did you know that reverse auction software can help you save 18 to 40% on addressable spend? Buyers are always looking for ways to reduce sourcing fees and the e-auction system provides such a platform. It permits streamlining of e-procurement and assists in improving service along the supply chain.
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ProcurePort
JULY 28, 2020
The procurement process is all about creating reliable, resilient, and sturdy supply chains, while improving time, efficiency, and savings.
ProcurePort
JULY 16, 2020
The supply chain is a vital aspect to any organization in any industry. Developing a book of suppliers and vendors that are trustworthy, reliable, and actively respond to RFPs is a challenge for every procurement team. Enhancing the RFP process can help organizations in building a library of suppliers and vendors that they can turn […]. The post Enhancing the RFP Process for a Stronger Supplier Relationship appeared first on ProcurePort Blog. RFP Software Uncategorized
ProcurePort
JULY 2, 2020
2020 has shown itself to be a wake up call for many departments within businesses. Many were caught unaware by the coronavirus and no one could have predicted that the whole world would be on lockdown because of a global health pandemic. Since March, the United States economy has shrunk at the fastest rate since […]. The post Purchasing and Supply Chain Management in 2020 appeared first on ProcurePort Blog. Procurement News
ProcurePort
OCTOBER 10, 2019
A new digital era is emerging, with procure-to-pay (P2P) now developed as a digital process. P2P services enhance collaboration between buyers and suppliers and generate an increased value to the supply chain. Going digital with the P2P process allows buyers and suppliers to develop a relationship that benefits both parties. Cloud-based P2P software platforms act […]. The post How Digitized Procure-to-Pay Benefits You appeared first on ProcurePort Blog. Procure-to-Pay
Speaker: Sander van Lokven and N.S. Krishnan
S&OE provides an early warning system that helps business stakeholders sense and optimize their responses. This keeps the supply chain out of firefighting mode, smoothens relationships with customers and suppliers, and helps sustain margins by reducing the cost to serve.
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ProcurePort
MARCH 3, 2021
As things advance and evolve, they become more complicated. In biology, for example, it’s widely accepted that the very first organisms were single-cell organisms, the few arguments being that there was an even simpler organism that existed prior to that of the single-cell-organism.
ProcurePort
MARCH 2, 2021
There are two sides to every coin and every story. The world of procurement is often divided into two sections: indirect sourcing and direct sourcing.
ProcurePort
FEBRUARY 25, 2021
The reason that local phone numbers are seven digits is actually psychological and scientific. The human brain, on average, is only able to remember between 6 and 9 digits in a sequence when only seeing or hearing that sequence once.
ProcurePort
FEBRUARY 24, 2021
Sourcing and procurement can be complex endeavors. This is why alternative negotiation approaches have been devised. You may already be familiar with the Dutch auction, Vickery auction, reverse auction, and multi-attribute reverse auction, but have you heard of the Japanese Auction?
Advertisement
Xandr, a division of AT&T, has built an identity graph that connects information on people, households, and more. The company is using this graph to provide advertisers an ability to deliver commercials more successfully than ever before. Learn more.
ProcurePort
FEBRUARY 23, 2021
Do you ever miss the old days of pen and paper? The lost art of letter-writing? Carefully folding a note full of beautiful flowing prose so it fits snugly into its envelope, only to be sent off to the eventual recipient.
ProcurePort
FEBRUARY 18, 2021
The procurement industry is changing rapidly owing to the wide-spread adoption of new technologies. Procurement officers are embracing this change because automation is allowing them to be more efficient. An example of software that’s eased life for enterprises is eRFP.
ProcurePort
FEBRUARY 16, 2021
Auctions are a pillar of procurement. There is a wide variety of auctions that are used in procurement and each is slightly different or run with slightly different rules.
ProcurePort
FEBRUARY 11, 2021
Technology inherently advances technology. This is a concept that results in an exponential growth in technological advancement and invention as more advanced technology becomes widely and readily available.
Advertisement
As supply chain complexity increases, so do challenges to achieving the perfect order. ARC Advisory Group shares: hurdles faced in achieving the perfect order, opportunities to increase customer satisfaction and reduce costs, and how cloud SCM contributes to operational flexibility.
ProcurePort
FEBRUARY 10, 2021
Are you looking to streamline operations, improve procurement delivery, and generate savings? If so, you’re not alone. Procurement has become such an integral function of every enterprise warranting its own staff and strategy.
ProcurePort
FEBRUARY 9, 2021
The phrase, ‘you have to spend money to make money’ is sort of a constant in the business world. Although, as with everything in life, there needs to be balance to the spending. This is where procurement comes into play.
ProcurePort
DECEMBER 10, 2020
No matter who is playing, a chess match is played one move at a time. However, the greats, the grandmasters and prodigy’s, they all play these matches far, far more quickly than that.
ProcurePort
NOVEMBER 19, 2020
The best businesspeople manage to find additional value where others cannot. This means mining through data, staying updated on the latest technology being used within the organization for strategic sourcing, and staying on top of current market trends as well.
Advertisement
Achieving cost-effective OTIF delivery across multiple channels requires a dynamic approach. Digital order fulfillment can help businesses adopt a more intelligent, agile, and holistic strategy that drives true optimization and customer loyalty.
ProcurePort
JANUARY 28, 2021
After enough observation, a pattern emerges among structures, natural ecosystems, scientific and philosophical theories, and even man-made concepts. One of these patterns is that each has a core. Something that is really at the heart of the matter.
ProcurePort
DECEMBER 16, 2020
Remember Goldilocks? The little lady who wandered into the forest and tested each porridge and each bed till she found just the right fit? Well, business professionals often feel like they’re Goldilocks, looking for the perfect solution that’s catered just to their specific needs.
ProcurePort
DECEMBER 16, 2020
What are some of today’s top vendor management best practices? What vendor management pitfalls should you be watchful of? Which of these practices can improve your bottom line? We have scoured high and low searching for vendor management practices that will put you miles ahead of your competitors.
ProcurePort
JANUARY 27, 2021
The procurement industry is changing at a fast pace owing to the rapid development of new procurement technologies. With digitalization becoming the norm, Chief Procurement Officers (CPOs) have found it necessary to stay on top of the news regarding procurement software best practices.
Advertisement
Building off of the lessons and challenges of 2020, what are global businesses and supply chains doing in 2021 to go beyond survival and truly thrive?
ProcurePort
JANUARY 26, 2021
Language is one of those mysteries of life that we might never truly understand. Naturally, it’s occurred all over the world – advancing and evolving until it is what we know it as today.
ProcurePort
NOVEMBER 18, 2020
Communities of all shapes and sizes exist throughout society. Neighborhoods, families, organizations, towns, all of these are just a few examples of communities varying in size and function. Businesses and organizations are communities as well.
ProcurePort
JANUARY 21, 2021
What is RFP and what does RFP stand for? To those new to the procurement industry, RFP sounds a lot like RFI or RFQ. In fact, it’s a classic rookie mistake to use the terms interchangeably. We can hear you say, “But wait, are these terms divergent?
ProcurePort
JANUARY 20, 2021
Request for information (RFI) is a prevalent business practice in the procurement industry. It provides a succinct way to gather information from various suppliers which can then be used to craft requests for proposals (RFPs) in the future.
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