INDUSTRY INSIGHTS YOUR PEERS ARE READING
In today’s business world it is important for organizations to take steps towards procurement fraud prevention. Procurement fraud costs businesses millions of dollars every year, and the losses can likely be avoided if certain measures are taken to assist in procurement fraud prevention. MORE
So, from the procurement view, to evaluate the perfect medium point between cost and quality can be sometimes a little tricky in my experience. Does a provider of procurement logistics offer auditing services, ability to access additional resources and other specific details? MORE
Today, companies are increasingly recognizing the importance of sustainable procurement. The post Essential Strategies for Alignment of Sustainable Procurement appeared first on SIPMM INSTITUTE. Publication Procurement MORE
This is what most organizations, especially CPOs in banks, are talking about when they think of procurement. The post Digital Procurement for the Banking Sector appeared first on SIPMM INSTITUTE. Publication Procurement“More Bang(Bank) for the buck”; “Do more with less”. MORE
Ivalua has introduced innovations in direct materials sourcing and procurement as part of its Platform Release 160 MORE
78 The post Key HACCP Methodology for Seafood Procurement appeared first on SIPMM INSTITUTE. Publication Procurement MORE
The post Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM ACADEMY. Publication ProcurementThe importance of negotiation in business deals cannot be understated. MORE
At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study. MORE
The procurement team will evaluate the bids to decide which offer best suits its […]. The post Essential Stages of a Procurement Tender for the Services Sector appeared first on SIPMM INSTITUTE. Publication Procurement MORE
151 Digitalization is occurring across all areas of business operations, and if you have not done so already, you need to begin exploring how you can move toward digital procurement in your operation MORE
From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S. MORE
Digital technologies will help procurement increase collaboration, analytics, and engagement using a spectrum of tools along the entire procurement value chain, from planning and sourcing to contract negotiations, order delivery, payment, and supplier management. MORE
The post Six Crucial Factors on Cyber Security for Healthcare Procurement appeared first on SIPMM ACADEMY. Publication ProcurementCyber Security is a real & ever-present concern for any organization. MORE
Digital technologies are revolutionizing the procurement function and companies increasingly recognize that applying digital to their procurement processes can yield significant competitive advantage yet adoption of new technologies has been slow. Publication Procurement MORE
An effective procurement strategy is not only a financial plan to manage the budget but also the workflow, and production timelines while keeping everything aligned with the company objectives. The post Key Procurement Strategy for the Oil and Gas Industry appeared first on SIPMM INSTITUTE. MORE
As competition intensifies in the construction market, procurement department plays a critical role in the construction industry, as it has to manage the project execution and closure in time. Publication Procurement MORE
The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement? MORE
How should shippers and carriers approach freight procurement in the weeks and months ahead? How are advancements in transportation management systems (TMS) and other technologies helping shippers and carriers procure freight more intelligently and efficiently? MORE
Companies are increasingly placing more emphasis on sustainability procurement. A global study conducted by EcoVadis revealed that 97% of 120 supply chain professionals are placing a higher level of importance on sustainable procurement than before. Sustainable procurement is […]. MORE
Omar Nadi, Director, Supplier Product Management at Elemica , discusses how companies can streamline and automate the procure-to-pay (P2P) process. Omar Nadi, Director, Supplier Product Management at Elemica, discusses how companies can streamline and automate the procure-to-pay (P2P) process. MORE
Your lengthy career in procurement has consisted largely of being beaten up by top management over the need to constantly cut supplier costs. Along comes digital technology to make your job easier — or take it away MORE
As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Within 30 days of a procurement event in Q1, they had already reduced their use of the spot market to 3.6 Procurement’s Not the Only Answer. Tim cautioned that securing rates and capacity through the procurement process is not the only way to reduce freight spend. The post Transportation Procurement: Still Standing on the Sidelines? MORE
As competition intensifies in the fast-moving-consumer-goods (FMCG) sector, procurement department plays a critical role to manage order planning with budget allocation, budget planning and cost savings, and to ensure delivery on time. Publication Procurement MORE
Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. The order procurement black hole. I began my discussion with Omar by asking him to share some of the challenges procurement people are dealing with in the procurement process. Episode Highlights Elemica P2P procure-to-pay MORE
With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. MORE
Sustainable procurement has been introduced to a public and private organization for decades and it has now become a “must have” key element to integrate in business strategy for company competitive advantages and sustainable development. Publication Procurement MORE
A procurement contract is a document detailing the legally-binding agreement between a company (the buyer) and supplier who is promising to sell of products and/or services with detailed technical specifications and to fulfill the terms and conditions outlined in the agreement. MORE
Automating the back office operations not only eliminates paper and manual processes, but it also brings structure to the process and the people involved in your business MORE
The post Six Key Strategies to Avoid Procurement Fraud appeared first on SIPMM ACADEMY. Publication ProcurementOne of the significant problems faced by organizations and stores of all kinds and sizes is business fraud. MORE
For many years, public procurement was perceived as an administrative, back-office function. The post Essential Strategies for Public Procurement Practices appeared first on SIPMM INSTITUTE. Publication Procurement MORE
Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source which ensures that buyer receives goods, services at the best possible price, when aspects such as quality, quantity, time, and location are compared. Publication Procurement MORE
The post Essential Sustainable Practices for Procurement of Mineral Products appeared first on SIPMM INSTITUTE. Publication Procurement MORE
Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members. MORE
The post The Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM INSTITUTE. Publication ProcurementIn today’s hyper-connected and increasingly competitive market, the ability to negotiate effectively is more highly valued than ever before. MORE
The post Data Analytics and Artificial Intelligence for Cognitive Procurement appeared first on SIPMM INSTITUTE. Publication Procurement MORE
The shift began, and in procurement we saw an increase in bid activity that has continued into 2019. Transportation Procurement: Things to Keep in Mind. The post Why Transportation Procurement is More than an Event appeared first on Talking Logistics with Adrian Gonzalez. MORE
Procurement Related Topics 
SIPMM Professional Publications
APRIL 4, 2019
Sustainable procurement has been introduced to a public and private organization for decades and it has now become a “must have” key element to integrate in business strategy for company competitive advantages and sustainable development. Publication Procurement
SIPMM Professional Publications
JULY 20, 2019
For many years, public procurement was perceived as an administrative, back-office function. The post Essential Strategies for Public Procurement Practices appeared first on SIPMM INSTITUTE. Publication Procurement
SIPMM Professional Publications
JULY 11, 2019
Today, companies are increasingly recognizing the importance of sustainable procurement. The post Essential Strategies for Alignment of Sustainable Procurement appeared first on SIPMM INSTITUTE. Publication Procurement
SIPMM Professional Publications
JULY 11, 2019
As competition intensifies in the fast-moving-consumer-goods (FMCG) sector, procurement department plays a critical role to manage order planning with budget allocation, budget planning and cost savings, and to ensure delivery on time. Publication Procurement
Speaker: Adam Robinson, Director of Marketing, Cerasis
Fleet Owner
SEPTEMBER 9, 2019
Here are six KPIs that make sense for your procurement efforts
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SIPMM Professional Publications
APRIL 4, 2019
The procurement team will evaluate the bids to decide which offer best suits its […]. The post Essential Stages of a Procurement Tender for the Services Sector appeared first on SIPMM INSTITUTE. Publication Procurement
SIPMM Professional Publications
JULY 18, 2019
This is what most organizations, especially CPOs in banks, are talking about when they think of procurement. The post Digital Procurement for the Banking Sector appeared first on SIPMM INSTITUTE. Publication Procurement“More Bang(Bank) for the buck”; “Do more with less”.
SIPMM Professional Publications
OCTOBER 14, 2018
Companies are increasingly placing more emphasis on sustainability procurement. A global study conducted by EcoVadis revealed that 97% of 120 supply chain professionals are placing a higher level of importance on sustainable procurement than before. Sustainable procurement is […].
SIPMM Professional Publications
APRIL 4, 2019
The post Key HACCP Methodology for Seafood Procurement appeared first on SIPMM INSTITUTE. Publication Procurement
SIPMM Professional Publications
JULY 16, 2019
Digital technologies are revolutionizing the procurement function and companies increasingly recognize that applying digital to their procurement processes can yield significant competitive advantage yet adoption of new technologies has been slow. Publication Procurement
|
SIPMM Professional Publications
JULY 12, 2019
An effective procurement strategy is not only a financial plan to manage the budget but also the workflow, and production timelines while keeping everything aligned with the company objectives. The post Key Procurement Strategy for the Oil and Gas Industry appeared first on SIPMM INSTITUTE.
SIPMM Professional Publications
APRIL 14, 2019
Digital technologies will help procurement increase collaboration, analytics, and engagement using a spectrum of tools along the entire procurement value chain, from planning and sourcing to contract negotiations, order delivery, payment, and supplier management.
SIPMM Professional Publications
OCTOBER 15, 2018
The post Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM ACADEMY. Publication ProcurementThe importance of negotiation in business deals cannot be understated.
SIPMM Professional Publications
JULY 12, 2019
The post Essential Sustainable Practices for Procurement of Mineral Products appeared first on SIPMM INSTITUTE. Publication Procurement
SIPMM Professional Publications
APRIL 15, 2019
The post Data Analytics and Artificial Intelligence for Cognitive Procurement appeared first on SIPMM INSTITUTE. Publication Procurement
SIPMM Professional Publications
OCTOBER 16, 2018
Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source which ensures that buyer receives goods, services at the best possible price, when aspects such as quality, quantity, time, and location are compared. Publication Procurement
SIPMM Professional Publications
OCTOBER 10, 2018
The post Six Key Strategies to Avoid Procurement Fraud appeared first on SIPMM ACADEMY. Publication ProcurementOne of the significant problems faced by organizations and stores of all kinds and sizes is business fraud.
SIPMM Professional Publications
JULY 11, 2019
The post The Essential Strategies for a Successful Procurement Negotiation appeared first on SIPMM INSTITUTE. Publication ProcurementIn today’s hyper-connected and increasingly competitive market, the ability to negotiate effectively is more highly valued than ever before.
SIPMM Professional Publications
JANUARY 15, 2019
The post Six Crucial Factors on Cyber Security for Healthcare Procurement appeared first on SIPMM ACADEMY. Publication ProcurementCyber Security is a real & ever-present concern for any organization.
SIPMM Professional Publications
JANUARY 11, 2019
A procurement contract is a document detailing the legally-binding agreement between a company (the buyer) and supplier who is promising to sell of products and/or services with detailed technical specifications and to fulfill the terms and conditions outlined in the agreement.
SIPMM Professional Publications
JANUARY 13, 2019
As competition intensifies in the construction market, procurement department plays a critical role in the construction industry, as it has to manage the project execution and closure in time. Publication Procurement
Logistics at MPEPS at UPV
APRIL 8, 2019
So, from the procurement view, to evaluate the perfect medium point between cost and quality can be sometimes a little tricky in my experience. Does a provider of procurement logistics offer auditing services, ability to access additional resources and other specific details?
Fleet Owner
MAY 9, 2019
Digitalization is occurring across all areas of business operations, and if you have not done so already, you need to begin exploring how you can move toward digital procurement in your operation
Talking Logistics
OCTOBER 12, 2017
How should shippers and carriers approach freight procurement in the weeks and months ahead? How are advancements in transportation management systems (TMS) and other technologies helping shippers and carriers procure freight more intelligently and efficiently?
Talking Logistics
FEBRUARY 13, 2019
Omar Nadi, Director, Supplier Product Management at Elemica , discusses how companies can streamline and automate the procure-to-pay (P2P) process. Omar Nadi, Director, Supplier Product Management at Elemica, discusses how companies can streamline and automate the procure-to-pay (P2P) process.
Talking Logistics
MARCH 18, 2019
Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. The order procurement black hole. I began my discussion with Omar by asking him to share some of the challenges procurement people are dealing with in the procurement process. Episode Highlights Elemica P2P procure-to-pay
Material Handling and Logistics
OCTOBER 30, 2018
With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing.
Fleet Owner
OCTOBER 4, 2018
Automating the back office operations not only eliminates paper and manual processes, but it also brings structure to the process and the people involved in your business
Talking Logistics
FEBRUARY 26, 2019
The shift began, and in procurement we saw an increase in bid activity that has continued into 2019. Transportation Procurement: Things to Keep in Mind. The post Why Transportation Procurement is More than an Event appeared first on Talking Logistics with Adrian Gonzalez.
Material Handling and Logistics
MARCH 9, 2018
From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. There’s no doubt that digital is a game-changer in procurement," said Michael Daher, U.S.
Cerasis
SEPTEMBER 22, 2016
The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?
Cerasis
MAY 7, 2019
Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members.
Cerasis
SEPTEMBER 17, 2015
At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study.
Material Handling and Logistics
SEPTEMBER 24, 2018
Ivalua has introduced innovations in direct materials sourcing and procurement as part of its Platform Release 160
Talking Logistics
APRIL 2, 2018
As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Within 30 days of a procurement event in Q1, they had already reduced their use of the spot market to 3.6 Procurement’s Not the Only Answer. Tim cautioned that securing rates and capacity through the procurement process is not the only way to reduce freight spend. The post Transportation Procurement: Still Standing on the Sidelines?
Supply Chain Brain
JUNE 3, 2019
Your lengthy career in procurement has consisted largely of being beaten up by top management over the need to constantly cut supplier costs. Along comes digital technology to make your job easier — or take it away
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