December 2017

Risk Management in the Supply Chain

2019-02-18T14:49:20+02:005. 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 [...]

November 2017

Strategic procurement – key to business success

2019-02-18T13:57:16+02:0028. 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 [...]

Will technology replace procurement professionals?

2019-02-18T13:54:56+02:0021. 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 [...]

How do suppliers benefit from eAuctions?

2019-02-18T13:29:43+02:0014. 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?

2019-02-18T13:24:51+02:007. 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?

2019-02-18T13:21:02+02:0031. 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

2019-02-18T13:19:01+02:0024. 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 [...]

How to Make Procurement an Added Value to Your Company

2019-02-13T16:00:31+02:0017. October 2017.|Digital Transformation, Procurement, Procurement Professionals, Procurement Tuesday|

“Not adding value is the same as taking it away.” (Seth Godin) How to Make Procurement an Added Value to Your Company As written in our Creative Procurement blog, Procurement should be an added value for your business - not an added weight. However, it’s easier said than done, so we bring [...]

5 Key Considerations When Choosing Your Procurement Software

2019-02-13T15:15:18+02:0010. October 2017.|Digital Transformation, Procurement, Procurement Tuesday|

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” (Charles Darwin) 5 Key Considerations When Choosing Your Procurement Software It's a well-known thing that automation of the procurement process is a key factor for [...]

Creative Procurement

2019-02-12T13:40:33+02:003. October 2017.|Digital Transformation, Procurement, Procurement Professionals, Procurement Tuesday|

"All grown-ups were once children... But only few of them remember it." (Antoine de Saint-Exupery) Creative Procurement Are procurement and creativity really miles away, seen as two incompatible, contradictory concepts? We definitely don’t agree with that. In fact, creativity is one of the essential skills of an individual that separates excellence from [...]