EdgeworthBox on AWS
EdgeworthBox has joined the AWS Partner Network as an AWS Public Sector Partner April 2024 | New York, NY – EdgeworthBox, a procurement technology company, today announced it joined the Amazon Web Services (AWS) Partner Network (APN) as an AWS Public Sector Partner. In addition, EdgeworthBox announced that the EdgeworthBox platform passed the AWS Foundational […]
In Procurement, Value Isn’t Price and Price Isn’t Value
Imagine a new procurement officer named Jill who joined an established manufacturing company recently. She has been put in charge of her first project. She needs to purchase 1,000 pounds of Grade C Copper. It’s a commodity. She needs to guarantee its delivery to the company’s factory in North Dakota on a specific date: November […]
How to Rescue a Failed Digital Procurement Transformation
Digital transformations of procurement fail just like any other digital transformation: frequently. There is a way to turn these situations around, though. What Is Digital Transformation? Here is CIO: “Additionally, companies often forget that a digital transformation is doing two things at once: digitizing your backbone as well as automating and simplifying by ideally, reusing components […]
Generative Text is the Procurement Junior Staffer You Didn’t Know You Needed
Procurement is the first mile of the supply chain. Already, before the Pandemic, procurement teams were spread too thin. When Covid hit with its full force, these employees faced tremendous additional stressors, challenges that persist in many ways. It’s no wonder that there is burnout. 89% of survey respondents in this Keelvar survey say that they are “banking […]
Managing Opportunity Costs Is More Important and More Difficult than Reducing Transactions Costs in Procurement
Why are opportunity costs more important than transactions costs? They’re larger. Why are opportunity costs more difficult to manage than transactions costs? They’re hidden. There is no line item for opportunity costs. There is only foregone revenue or higher costs than what the company could have realized in the future because of decisions made today. […]
Why Choose a Best-of-Breed Sourcing Vendor?
The defining aspect of the 21st century supply chain will be the need to connect people, data, and processes.
How Best to Change Procurement Technology?
Proponents of change need to ensure that there is a balanced, complete conversation around costs and benefits by challenging the standalone case for the status quo approach.