What Is Elastic Procurement™?
What is elastic procurement™ and who should care? CIOs will recognize the word “elastic” from cloud computing. Elastic procurement™ is a delivery model that is to Big Procurement technology systems what cloud computing was to the corporate data center. It lowers costs, eliminates complexity, and empowers staff. Before Amazon Web Services or Microsoft […]
EdgeworthBox Launches Platform to Enable Rapid, Inexpensive, Risk-Free Digital Transformation of Procurement
SMALL AND MEDIUM BUSINESSES NOW HAVE A RAPID, INEXPENSIVE AND RISK-FREE OPTION FOR TRANSFORMING PROCUREMENT DIGITALLY WITH EDGEWORTHBOX New York, NY | September 9, 2021 – EdgeworthBox announces the launch of its cloud-based strategic sourcing platform focused on small and medium businesses (including the divisions of larger organizations). With EdgeworthBox, companies can transform their procurement […]
When Should You Use an RFP?
The proliferation of eSourcing or eProcurement systems in the last twenty years has transformed the way large organizations purchase goods and services. We were told digitization would lead to cost savings, faster cycles, better outcomes in terms of value-for-money, and the like.
Did Digital Sourcing Work during the Pandemic?
Before we jump into a report card on how digitization of sourcing performed during the Covid-19 crisis, let’s think about what a framework would look like. One way to do this is to make an analogy to another business process and extend it to purchasing.
Coronavirus Exposes Weaknesses in Sourcing
Warren Buffett has a famous saying, “Only when the tide goes out do you discover who’s been swimming naked.”
Why Does Diversity Matter in Procurement?
You can make ethical decisions in diverse suppliers — and also make a positive impact on the bottom line The Business Roundtable recently released a high-profile “Statement on the Purpose of a Corporation.”