sourcing

What to Look for in a Good e-Procurement System?

What to Look for in a Good e-Procurement System?

Over the years, digital technology has given mankind the power to conquer the impossible. It continues to solve man’s greatest challenges, making lives easier. In-fact several businesses thrive on these technological developments and many are gradually gravitating towards digital advancements for its advantages. Discoveries, inventions and innovations always began with a question or a problem…

Procurement Risks & Ways to Reduce Them

Procurement Risks & Ways to Reduce Them

There might be a general conception in business that risk-taking gives you the chance of success. Perhaps, this is true as business and political leaders in heights of their success quote risk-taking in such positivity. For instance, Thomas Jefferson once said “ with great risk comes great reward”.  In support, a research shows that risk-takers…

What Is Guided Buying and Why Does It Matter?

What Is Guided Buying and Why Does It Matter?

So you’ve met the right supplier and sat through price negotiation meetings which resulted in a contract pricing agreement. How do you translate your contract pricing efforts into actions that bring better savings, compliance and drive the right policies? The answer is through guided buying. What is guided buying? Guided buying is one of the…