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 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. Publication Procurement

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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

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

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.

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

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.

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.

Essential Strategies for Alignment of Sustainable Procurement

SIPMM Professional Publications

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

Key Techniques for Successful Procurement Negotiation

SIPMM Professional Publications

The post Key Techniques for Successful Procurement Negotiation appeared first on SIPMM INSTITUTE. Publication ProcurementNegotiation takes place almost every day in our daily life whether is it negotiating for a higher salary or for a better deal when shopping.

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.

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. Publication Procurement

Five Best Procurement Practices for FMCG Sector

SIPMM Professional Publications

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

Spend Data Analytics for Effective Procurement

SIPMM Professional Publications

How do analytics support a Procurement Organizations? The post Spend Data Analytics for Effective Procurement appeared first on SIPMM INSTITUTE. Publication Procurement

Procurement Tips from Trent

Logistics Bureau

Procurement Tips: Know the business strategy ; understanding what the business wants to do and how the business wants to do it. . Understand who and establish who has the authority to do what within the business.

Essential Stages of a Procurement Tender for the Services Sector

SIPMM Professional Publications

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

Overcoming Key Challenges of Sustainable Procurement Practices

SIPMM Professional Publications

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 […].

[Video] Procurement in the Digital Age

Talking Logistics

Brian Reed, VP Global Supply Chain Optimization at GEODIS, discusses procurement in the digital age. Podcast version (click to play): The post [Video] Procurement in the Digital Age appeared first on Talking Logistics with Adrian Gonzalez.

Crucial Strategies to Prevent Procurement Fraud

SIPMM Professional Publications

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.

Procurement in the Digital Age

Talking Logistics

There has been a lot of discussion the past couple of years about digital transformation, which is impacting all aspects of supply chain management, including procurement. What’s new and different with procurement in this digital age? How can external partners help companies achieve excellence in procurement? Read more Procurement in the Digital Age. The post Procurement in the Digital Age appeared first on Talking Logistics with Adrian Gonzalez.

Key Indicators for Measuring Procurement Performance

SIPMM Professional Publications

Measuring procurement performance is an important role in an organization especially in supply chain during an economic downturn. The post Key Indicators for Measuring Procurement Performance appeared first on SIPMM INSTITUTE. Publication Procurement

Crucial Digital Technologies for Effective Procurement

SIPMM Professional Publications

Digital Technology permeates everything we do today, with the current and ongoing technology and maturity in our digital era digital procurement is a must-have for effective procurement. The post Crucial Digital Technologies for Effective Procurement appeared first on SIPMM INSTITUTE.

Digital Procurement for the Banking Sector

SIPMM Professional Publications

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”.

Six Essential Strategies for Sustainable Procurement

SIPMM Professional Publications

Sustainable procurement is a spending and investment process typically associated with public policy, although it is equally applicable to the private sector. The post Six Essential Strategies for Sustainable Procurement appeared first on SIPMM INSTITUTE. Publication Procurement

Essential Technology Application for Public Procurement

SIPMM Professional Publications

Procurement professionals should identify and implement technology that aides the procurement process and supports the overall strategy of the organization. The post Essential Technology Application for Public Procurement appeared first on SIPMM INSTITUTE.

What is Procurement v Purchasing

Logistics Bureau

In this 8-minutes video, Trent Morris will answer these following questions that are certainly very helpful for those confused between the difference of Procurement and Purchasing. What’s the difference between Procurement and Purchasing? Is Procurement a good career?

Key HACCP Methodology for Seafood Procurement

SIPMM Professional Publications

The post Key HACCP Methodology for Seafood Procurement appeared first on SIPMM INSTITUTE. Publication Procurement

Procurement trends to watch

Fleet Owner

A report issued earlier this year by Levvel Research identified three key procurement trends that are worth watching. Procurement function shA great deal of attention has been focused on eProcurement and the value it can bring to an organization.

Procurement KPIs that make sense

Fleet Owner

Here are six KPIs that make sense for your procurement efforts

Five Crucial Areas for Successful Transformation to Digital Procurement

SIPMM Professional Publications

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

Effective Procurement and Key Performance Indicators

SIPMM Professional Publications

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

Essential Strategies for a Successful Procurement Negotiation

SIPMM Professional Publications

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.

Internet-of-Thing (IoT) Applications for Digital Procurement

SIPMM Professional Publications

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.

Debunking procurement transformation myths

Fleet Owner

There has been a great deal of talk about “procurement transformation” and not all of it has been good. Misconceptions, misperception and misinformation about procurement transformation abound.

Six Key Strategies to Avoid Procurement Fraud

SIPMM Professional Publications

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.

Key Procurement Strategy for the Oil and Gas Industry

SIPMM Professional Publications

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.

7 Tips: A Guide to Mastering Procurement

Material Handling and Logistics

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.