Blogs

Moving Towards a New Model of Procurement
Moving Towards a New Model of Procurement
A Study from Harvard Business Review According to Eloise Epstein, partner at Kearney, a global management consultancy, digital technologies will automate all the mundane and repetitive procurement processes in the coming years. The organization which will embrace the digital technologies in its procurement function will stay a cut above its competitors while improving the products […]
Top 7 Trends in Procurement for 2021
Top 7 Trends in Procurement for 2021
Here is the list of top 5 procurement trends we haveobserved in the year 2021. 1. Supplier Management This would perhaps go down as one of the most valuable lessons learned in the post-pandemic era. All companies irrespective of size, scale, and sector are equally vulnerable. Ways and means to prevent disruptions in supply chains […]
All About Contract Management Software
All About Contract Management Software
Your answers to the following questions will help you improve your organization’s profitability and efficiency. Go ahead and take the plunge: Does your company deal  with large number of vendors and service providers ? Do you have paper contracts for each one of them? Are you finding it difficult to manage the contracts in terms […]
How to Plan a Successful E-Auction
How to Plan a Successful E-Auction
The following steps can be considered to plan and execute a successful E-auction event. 1. Analyzing the marketplace Depending on the type of Services and Items the buyer wishes to buy or the seller wants to sell via auctions- the individual should have an understanding of the demand in the market and the kind of […]
Invoicing Solutions – How They Can Benefit Your Business
Invoicing Solutions – How They Can Benefit Your Business
Invoicing is perhaps the most important business activity as this is the penultimate step for a Business organization to realize its payment for all the hard work done. This is the document on the basis of which revenues are recognized in the books and payables or receivables are booked. Therefore it is very important to […]
Step By Step Guide To Implement a Procurement Savings Program
Step By Step Guide To Implement a Procurement Savings Program
For time immemorial, Savings has been THE KPI against which the performance of a procurement organization has been judged. As businesses and industry sectors became more competitive, the role of Procurement evolved from a “PO Creator” to an active contributor to the bottom line of a company. Today, as the world moves to a more […]