About Jennifer Fumic

This author has not yet filled in any details.
So far Jennifer Fumic has created 48 blog entries.

December 2017

[PROCUREMENT TUESDAY] Gathering Market Information Through RFI

2018-12-04T10:06:42+00:0012. December 2017.|Digital Transformation, Procurement, Procurement Tuesday|

“Research is creating new knowledge.” (N. Armstrong) Gathering Market Information Through RFI Regardless of the industry your business is in or which products or services you purchase, it is very important for you to conduct a quality market research before starting the procurement process. Supply and demand are constantly changing, and adapting your business to [...]

[PROCUREMENT TUESDAY] Risk Management in the Supply Chain

2018-12-04T10:06:43+00:005. December 2017.|Digital Transformation, Procurement, Procurement Analysis, Procurement Tuesday|

“Risk comes from not knowing what you're doing.” (W. Buffet) Risk Management in the Supply Chain The main risk of the 21st century is lack of knowledge! If we don’t have enough knowledge of our procurement department and our company in general, it is very likely for us to become run over by the competition [...]

November 2017

[PROCUREMENT TUESDAY] Strategic procurement – key to business success

2017-11-28T09:19:45+00:0028. November 2017.|Digital Transformation, Procurement, Procurement Analysis, Procurement Tuesday|

“However beautiful the strategy, you should occasionally look at the results.” (W. Churchill) Strategic procurement – key to business success Almost every day we hear about strategic procurement, but in practice, businesses rarely apply this concept. Application of strategic procurement is one of the most powerful models available to procurement professionals and [...]

[PROCUREMENT TUESDAY] Will technology replace procurement professionals?

2018-12-04T10:06:45+00:0021. November 2017.|Digital Transformation, Procurement, Procurement Professionals, Procurement Tuesday|

“The question of whether a computer can think is no more interesting than the question of whether a submarine can swim.” (E. W. Dijkstra) Will technology replace procurement professionals? Procurement is one of the most important departments of the company. However, in many companies it is still very traditional, slow to adapt [...]

Ensolva as a part of the 12th Procurement Conference

2018-12-04T10:06:47+00:0020. November 2017.|Digital Transformation, Procurement, Procurement Analysis, Procurement Professionals|

Ensolva as a part of the 12th Procurement Conference Last week, we've been a part of the 12th Procurement Conference, named Digital Era of Procurement. It took place in Westin Hotel Zagreb on 16th November and was organized by Lider business weekly and the Croatian Association of Procurement Activities (HUND). At the conference, greatest [...]

How do suppliers benefit from eAuctions?

2019-02-15T16:01:09+00:0014. November 2017.|Digital Transformation, Procurement, Procurement Tuesday|

"Transparency increases the cost of hiding the truth.“ (D. Peppers & M. Rogers) How do suppliers benefit from eAuctions? One of the most powerful features of today’s procurement softwares are eAuctions. In Procurement, two types of auctions are being used. The most frequently used auction model are reverse auctions – the ones [...]

Spend Analysis – Why and How?

2019-02-15T15:44:03+00:007. November 2017.|Digital Transformation, Procurement, Procurement Analysis, Procurement Tuesday|

“The price of light is less than the cost of darkness.” (A. C. Nielsen) Spend Analysis – Why and How? Nowadays, the main goal in business is to achieve highest possible profit with minimal investments. As already said in one of our previous posts, Procurement saves your money mainly through reducing costs [...]

October 2017

Why is Procurement Analysis Important for Your Business?

2019-02-15T13:48:32+00:0031. October 2017.|Digital Transformation, Procurement, Procurement Analysis, Procurement Tuesday|

“Analysis is the art of creation through destruction.” (P. S. Baber) Why is Procurement Analysis Important for Your Business? Procurement is one of the most significant departments in your company. Actually, the success of the whole company often depends on the effectiveness of its Procurement department. For this very reason, it’s necessary for you [...]

Building strategic relations with suppliers

2019-02-13T16:15:13+00:0024. October 2017.|Procurement Professionals, Procurement Tuesday|

“Networking is not collecting contacts! Networking is about planting relations.” (Michael Rajiv Shah) Building strategic relations with suppliers Nowadays, doing business is faster than ever and collecting information about suppliers, as well as maintaining good relationships with them plays the key role for success. Quality cooperation brings quality relationships and therefore better conditions for [...]

Two 2017 Procurement Software Awards Now Belong to Ensolva

2018-12-04T10:06:55+00:0023. October 2017.|Procurement, Procurement Professionals|

Two 2017 Procurement Software Awards Now Belong to Ensolva We are very proud to share some exciting news with our partners: our procurement software has just become the winner of Rising Star Award for 2017 and the prestigious Great User Experience Award delivered by FinancesOnline. This reputed software reviews platform featured our product in a [...]