Artificial Intelligence (AI) in Procurement for the Hotel Industry

SIPMM Professional Publications

The post Artificial Intelligence (AI) in Procurement for the Hotel Industry appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication ProcurementWith the 4.0 digital era industry now, digital and AI are interconnected.

Main Considerations for Sustainable Procurement

SIPMM Professional Publications

The post Main Considerations for Sustainable Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

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Transportation Procurement: Finding an Alternative

Talking Logistics

Many companies are getting ready for (or perhaps have already completed) their annual transportation procurement engagement. But has the time come to transform the transportation procurement process? Read more Transportation Procurement: Finding an Alternative.

Procurement Collaboration for Business Integration

SIPMM Professional Publications

With collaborative procurement, we can find valuable partners within treasury, product development, legal, line-of-business, and suppliers, and extend the value of procurement beyond its four walls. Publication Procurement

The Five Worst Practices in Procurement

The GEP white paper lists 5 common mistakes that impede the success of procurement professionals. Learn from industry veteran Bill Huber about the wrong and right ways to approach a procurement mandate and why just saving money isn’t enough. Download this report now to learn how to avoid the worst procurement practices.

Everything You Need to Know About Logistics Procurement

Logistics Matter

Sourcing events tend to occur more often and logistics procurement is becoming more digital. The way shippers are buying is rapidly changing due to the intense dynamics in logistics and the ongoing challenges of globalisation of logistics in general.

Key Focus Areas for Expediting Procurement

SIPMM Professional Publications

The post Key Focus Areas for Expediting Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication ProcurementExpediting purchases in inbound logistics is normal but it is painful for many companies who use this approach.

Time to Transform Transportation Procurement?

Talking Logistics

Earlier this year, in a presentation at the Manhattan Momentum Connect conference, Dr. Chris Caplice from MIT argued that “the dominant design in transportation procurement is now outdated and it’s time to transform the process.” Read more Time to Transform Transportation Procurement?

Sustainable Procurement for Green Building

SIPMM Professional Publications

Having sustainable procurement in building industry as the acquisition of product or services which can minimize or provide positive environmental impact throughout the factoring of environmental concerns into major purchasing strategies, policies, directives and practices.

Methodologies for Construction Procurement

SIPMM Professional Publications

The procurement function in the construction industry has resisted change for many decades. The post Methodologies for Construction Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

A 5-Point Strategy for Digital Procurement Transformation

Today, your entire supply chain must embrace change and accelerate digitalization. When it comes to procurement, focusing on digital transformation now can dramatically reduce costs, improve visibility and insight, and give you a significant competitive advantage.

AI Technologies for Digital Procurement

SIPMM Professional Publications

Rapid advancements in digital technologies nowadays and the application of these disruptive technologies in Procurement enables strategic sourcing become more predictive, transactional procurement become more automated, and supplier relationship management become more proactive.

Key Success Factors for Sustainable Procurement

SIPMM Professional Publications

Social and environmental factors are top priorities to be embedded into procurement and buying functions, to create a sustainable procurement strategy. The procurement strategy will strengthen partnership and facilitate smooth integration. Publication Procurement

Key Technologies for Agile Procurement

SIPMM Professional Publications

Agile Procurement is to purchase a solution according to the needs and wants of the customer (made changes throughout the process) instead of following on a product specification being established in the beginning of a project. Publication Procurement

Key Considerations for Sustainable Procurement

SIPMM Professional Publications

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. The survey conducted by EcoVadis and HEC about the results attribute to Sustainable Procurement program showed 76% of the procurement […]. The post Key Considerations for Sustainable Procurement appeared first on SIPMM INSTITUTE.

Supply Chain 4.0: Why You Need to Digitize to Survive

Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines

In Digitize to Survive, we’ll be showing how you can leverage today’s tech to help meet organizational objectives and not only survive but thrive in a post-pandemic world. With all the new tech available on the market, setting a digitization roadmap and knowing where to start can be difficult. We’ll help you drudge through the boundless opportunities and help clarify all the buzz. During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results.

Procurement Techniques for Metallurgical Products

SIPMM Professional Publications

One of the important processes in the manufacturing plant is procurement which is also a control mechanism of the flow of materials into the from the vendor or supplier. Publication Procurement

Digital Procurement for Supplier Compliance Risk Evaluation

SIPMM Professional Publications

Digital technologies for procurement are advancing by leaps and bounds in the age of digitalisation. The post Digital Procurement for Supplier Compliance Risk Evaluation appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

Digital Procurement for Ship Supplies Operations

SIPMM Professional Publications

Ship management procurement prospect has changed effectively. Procurement costs can be substantial owing to the size of the business itself. The post Digital Procurement for Ship Supplies Operations appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management.

Key Drivers for Social Sustainable Procurement

SIPMM Professional Publications

The key drivers of sustainable procurement were found to be, social and environmental factors into thought along with financial factors in making procurement decision. Publication Procurement

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

Procurement Techniques for Integrated Facility Management

SIPMM Professional Publications

Integrated facility management procurement process is a process of integration within an organisation, taking care of maintaining and developing the agreed services which support and improve the effectiveness of its primary activities. Publication Procurement

A Strategic Roadmap for Digital Procurement

SIPMM Professional Publications

Procurement is a purchasing process that controls quantity, quality, sourcing and timing to ensure the best possible total cost of ownership. Digital technologies are enablers and supporting procurement in this direction. […]. Publication Procurement

Crucial Factors for Sustainable Procurement

SIPMM Professional Publications

The objectives of the organization must be aligned such that all functions, including procurement and supply chain can work towards the same goals of corporate sustainability and not struggle with each other. Publication Procurement

Major Pitfalls for Effective Procurement Practices

SIPMM Professional Publications

Successful procurement strategy benefits are usually derived from adequate and efficient procurement procedures that achieve cost optimizing that meet user requirement. The post Major Pitfalls for Effective Procurement Practices appeared first on SIPMM INSTITUTE.

Problems and Consequences of Poor Procurement

SIPMM Professional Publications

Supply risk has always been a major challenge in the procurement practice since centuries ago. The post Problems and Consequences of Poor Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

Procurement Considerations for Heavy Machinery and Parts

SIPMM Professional Publications

The purpose of identifying and selecting an appropriate procurement consideration is to find the best way to obtain the solution and result to satisfy the needs of the end user for obtaining the most advantageous pricing and contractual conditions through a competitive process.

Procurement Techniques to Manage Indirect Spend

SIPMM Professional Publications

Procurement departments of all companies’ sizes recognize that controlling both direct and indirect spending is an important part of keeping costs down. Publication Procurement

Crucial Applications for Procurement Artificial Intelligence

SIPMM Professional Publications

The post Crucial Applications for Procurement Artificial Intelligence appeared first on SIPMM INSTITUTE. Publication ProcurementArtificial Intelligence (AI) is one of the digital technologies progressing rapidly and is a current topic of broad interest.

Negotiating Techniques for Construction Procurement

SIPMM Professional Publications

The post Negotiating Techniques for Construction Procurement appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication ProcurementAs a professional purchaser, negotiation skills will place one at an upper hand.

Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Procurement Supply Chain Planning

Adopting Lean Practices for Effective Procurement

SIPMM Professional Publications

Procurement refers to the process of sourcing or obtaining goods and services. However, no single procurement policy is effective without […]. Publication Procurement

Fraud Prevention Strategies for Construction Procurement

SIPMM Professional Publications

Procurement fraud is a growing global problem. Procurement fraud relates to purchasing goods, services or commissioning construction projects from third parties. The post Fraud Prevention Strategies for Construction Procurement appeared first on SIPMM INSTITUTE.

Lean Procurement Practices for Reducing Food Waste

SIPMM Professional Publications

The post Lean Procurement Practices for Reducing Food Waste appeared first on SIPMM | Singapore Institute of Purchasing and Materials Management. Publication Procurement

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Circular Procurement for Product Engineering Services Sector

SIPMM Professional Publications

Procurement plays a key role in the development of the circular economy in the product engineering service sector. Also procurers can stimulate the market to arrive at a circular supply by specifically asking for circular solutions. Publication Procurement

Five Digital Technologies for Procurement Optimization

SIPMM Professional Publications

Procurement has grown significantly more strategic over the past twenty years, now, digital supply chain management and analytics are bringing new strength to the strategic role. Digital procurement is an exponential shift that allows organizations […]. Publication Procurement