March 2018

Digital Transformation of Procurement – How to Avoid Common Mistakes (Part 2)

13. March 2018.|Digital Transformation, Procurement, Procurement Tuesday|

„Awareness is like the sun. When it shines on things, they are transformed.“ (T. N. Hanh) Digital Transformation of Procurement – How to Avoid Common Mistakes (Part 2) In the previous article we have discussed the three most common traps in which companies get into during the digital transformation of their procurement [...]

[PROCUREMENT TUESDAY] Digital Transformation of Procurement – How to Avoid Common Mistakes (Part 1)

6. March 2018.|Digital Transformation, Procurement, Procurement Tuesday|

"Why don’t you learn from my mistakes? It takes half your life to learn from your own." (S. Delaney) Digital Transformation of Procurement – How to Avoid Common Mistakes (Part 1) Digital transformation of Procurement is a very important step in the improvement of your business. However, when introducing a new mode of operation in [...]

February 2018

[PROCUREMENT TUESDAY] What’s the Impact of Digital Transformation of Procurement on Your Company?

20. February 2018.|Digital Transformation, Procurement, Procurement Tuesday|

"It's no longer the big beating the small, but the fast beating the slow." (E. Pearson) What's the Impact of Digital Transformation of Procurement on Your Business? Researches on changes in the procurement process over the years often forget to mention how simple and easy Procurement is today. Thanks to advanced specialized software solutions, procurement [...]

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January 2018

[PROCUREMENT TUESDAY] Top 3 Procurement Challenges and How to Overcome Them

30. January 2018.|Digital Transformation, Procurement, Procurement Tuesday|

“Business must be the solution, not the problem!” (D. Weaver) Top 3 Procurement Challenges and How to Overcome Them Procurement is one of the core departments in a business. If properly structured an organized, it brings numerous benefits and adds value to the company. However, tasks procurement professionals face every day are everything but easy [...]

[PROCUREMENT TUESDAY] Procurement evolution

23. January 2018.|Digital Transformation, Procurement, Procurement Tuesday|

“Strive for continuous improvement instead of perfection.” (K. Collins) Procurement evolution Saying procurement is “as old as mankind” wouldn’t be far from the truth. Namely, the first evidence of the existence of supply can be found in ancient history, three thousand years before Christ, where records on how the Egyptians purchased Pyramid materials were found. [...]

[PROCUREMENT TUESDAY] Top 3 Procurement Trends in 2018

9. January 2018.|Digital Transformation, Procurement, Procurement Professionals, Procurement Tuesday|

“Innovation is change that unlocks new value.” (J. Notter) Top 3 Procurement Trends in 2018 Every New Year brings new trends. With great excitement we await for predictions and announcements of innovation and new technology that will bring positive changes in our lives in the forthcoming year. Since we’re very curious, we’ve done some research [...]

December 2017

[PROCUREMENT TUESDAY] What are eAuctions and when to use them?

19. December 2017.|Digital Transformation, eAuctions, Procurement, Procurement Tuesday|

“All models are wrong but some of them are useful.” (G. Box) What are eAuctions and when to use them? One of the most powerful tools procurement softwares offer are eAuctions. eAuctions in Procurement are a unique market concept where buyers and sellers don’t negotiate face to face, but sellers compete with each other on [...]

[PROCUREMENT TUESDAY] Gathering Market Information Through RFI

12. 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

5. 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

28. 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 [...]