What’s the Best Way to Train Procurement Staff?
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]Nobody grows up dreaming of being in procurement. They might want to be firemen, doctors, or military […]
Agentic AI Is the Future of Procurement
EdgeworthBox announced its Generative-Procurement-as-a-Service offering for the Request for Proposals business process last month. We have built Generative AI tools to address the workflows of the three stages of a reverse auction: generating a first cut of a statement of work, drafting a supplier’s proposal, and making an initial cardinal ranking of the final supplier bids. […]
EdgeworthBox Announces Launch of Generative-Procurement-as-a-Service to Transform RFPs
[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]Date: October 1, 2024 Location: New York, New York EdgeworthBox, an innovative provider of procurement technology solutions, […]
Complex Group Procurement Needs the Right Meta-System
Imagine an organization with a troubled history of procurement. Let’s think of it as a bank, but it could be anything large and complicated. In this story, there are many different players. First, there is the business. There are various trading desks focused on derivatives in different asset classes including asset-backed securitization, equity derivatives, mortgage-backed […]
EdgeworthBox, an AWS Public Sector Partner, Now Available in the AWS Marketplace
September 2024 | New York, NY – EdgeworthBox, a procurement technology company and AWS Public Sector Partner, is excited to announce its listing in the AWS Marketplace. This new procurement channel simplifies access for government agencies and enterprise procurement organizations, making it easier than ever to discover and purchase EdgeworthBox services. As a member of […]
How Can We Maximize the Productivity of Procurement Committees?
We’ve written recently about a core problem with Requests for Proposals: poor internal stakeholder coordination. It creates a number of derivative issues: Poor specification of requirements: the organization fails to exploit its internal knowledge and connections Lengthy procurement cycles: decision makers struggle to obtain consensus Poor visibility into the value chain: without knowledge of or […]
How to Take Risk in a Large Organization
This post appeared first on Closest Point of Approach in May 2024. How do sophisticated investors behave in financial markets? The professional acts on her assessment of the tradeoff between risk and reward. She acts knowing that she won’t be right every time. Her edge, if she has one, comes from, at least, two things. One, […]
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 […]
Elastic Procurement Is Better than Traditional Procurement
A good procurement event is one in which the buyers find the best combination of problem-solution fit, a reliable supplier, and a reasonable price. We call this value-for-money. Problem-solution fit refers to the degree to which the good or service purchased fixes the problem that motivates the procurement. The buyer’s objective function is to maximize […]
Social Procurement Needs Us to Ask the Right Questions
Organizations buy goods and services to solve problems. If there is a subsequent issue with the procurement, if it turns out that what they bought didn’t fix whatever needed fixing, it could be for many different reasons. But the core explanation may be mis-specification of the problem. It is likely that what they sourced was […]