Procurement wouldn’t be procurement without the process of quotes, tenders and negotiations. Or would it? Surely by now the very notion of procurement managing a vast array of tenders, quote gathering processes and.
Can you define the X-Factor? And no, I don’t mean the US/UK singing competition that has spawned countless spin-offs and a production line of hit-and-miss musicians. What we are talking about is someone or something.
Why is having a procurement strategy so important? The key benefits are that it helps you reduce costs and deliver greater sourcing value. Which when you’re a procurement professional, is always a top of mind goal. But.
If you've ever wondered if joining a Group Purchasing Organization could help your business, check out this SlideShare. It explains how partnering with a GPO increases your savings and gets you better contracts.
You probably issue RFPs because you think it’s the only way to get the best price on your major purchases. It's a common procurement strategy misconception, but it’s just not true. I worked at an RFP software company.
If you’re reading this, your team is likely taking the plunge and investing in procurement software. You might also be the primary advocate, and you’re looking to build a business case for a new procurement management.
David against Goliath. That’s what it’s like when a medium-sized business tries to get a good discount from a top tier supplier. It’s a bit like buying a nice car from a dealership. You’re fully aware that you’re.
Centralized procurement sounds ideal. One location managing most, if not all, of an organization's purchasing decisions. Anyone who has had to function within a decentralized procurement system knows the downsides..
Before we get started it’s worth pointing out that there’s really nothing wrong with spot buying in procurement. Sometimes the situations we find ourselves in, or the way the market behaves, makes it completely.
When it comes to corporate cost reduction and procurement strategy, you have several things to consider. First, is getting the best price on your indirect and direct spend – easier said than done. Second, is making sure.