Remove Contract management Remove Eprocurement Remove Strategic sourcing Remove Supply Chain Efficiency
article thumbnail

A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

article thumbnail

Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you. These technologies enable better supplier evaluation, improved contract management, predictive analytics, and enhanced transparency.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top Competencies of Procurement Professionals

NLPA (Next Level Purchasing Association)

With the increasing complexity of supply chains and the growing importance of sustainability and social responsibility, the role of procurement professionals has become more critical than ever. Streamline procurement activities and reduce costs by using eProcurement and Internet Reverse Auctions. •

article thumbnail

Procurement Terminology is a Mess!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. categorically be boiled down to the ability to communicate efficiently. What’s interesting is that CIPS involves the language of eAuctioning and Contracting in their definition of eSourcing, which I believe creates confusion. Source: CIPS. Subscribe Here! Email Address.

article thumbnail

Procurement Terminology is a Mess!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. categorically be boiled down to the ability to communicate efficiently. What’s interesting is that CIPS involves the language of eAuctioning and Contracting in their definition of eSourcing, which I believe creates confusion. Source: CIPS. Subscribe Here! Email Address.

article thumbnail

Establishing Procurement as a Competitive Advantage

ivalua

If you are getting started, you are likely looking to start with technology to address a specific process ( Strategic Sourcing or P2P for example). It is exactly that deeper level of integration which delivers the efficiencies and seamless access to information you need to advance fully in your journey. Plan to avoid those.

article thumbnail

11 Best eSourcing Software for Mid-Market Companies

Procurement Software

DeepStream DeepStream Technologies is a rapidly growing source-to-contract software based in London, providing an e-sourcing and contract management platform. Its platform allows for reverse auctions, automated RFP-RFI-RFQ, PR, and P2P processes, contract management, as well as spend analysis.