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.”
Using Email and Spreadsheets for RFPs Is Risky
Managing RFPs with email and spreadsheets is risky, expensive, and counterproductive. What is the value of technology? One key benefit is the automation of boring, less valuable activities to free up time for more productive uses. One day, we will have safe, self-driving cars freeing us to do more with our commuting time. Before […]
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.”
The Procurement Workforce Is Evolving
The makeup of the procurement workforce is changing.
How Should Companies Purchase Innovation?
Is Bid Rigging a Risk in Procurement?
How Should Buyers Procure Services?
Many of today’s enterprise resource planning (ERP) were built in the 1990s, while the derivative procure-to-pay systems they inspired were built over the past ten to fifteen years, reliant on the ERP approach, nonetheless. Much of their sourcing through payments architecture is predicated on a world in which the bulk of purchasing activity was for […]
What Are Procurement Ethics?
Procurement fraud is something we don’t talk about enough.
How Can RFP Templates Help?
What is the most common complaint about the archaic RFP business process? Time. It takes time to research a category market (even if you have deep domain expertise). It takes time to develop the statement of work, a problem that is compounded if you need to coordinate a committee of people in writing the RFP. […]
How Can Procurement Partner with the Business?
The promise of digital transformation of the RFP process (and procurement, generally) is not the use of technology for its own sake. It is the opportunity to change the business process, and with it the role of the procurement department, within the organization. It is the chance to move from a narrow focus on cost […]