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Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.
As companies consider realistic options for diversifying their supply chains, one Supply Chain Dive panelist asked if partners are ready to respond to new changes.
Every week, Spend Matters analysts turn their eye toward the procurement tech trends they observe in the marketplace. This week, Meena Ibrahim discusses her specialist area of expense management and how it has evolved for the post-pandemic world. According to an industry poll by Global Business Travel Association , business travel has jumped back to 63% of pre-pandemic travel levels and is expected to continue to grow.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
The Fact Is We All Negotiate Whether it’s with our partner, our parents, children, friends, suppliers, customers or even our colleagues, when we want somebody to do something, we may well need to persuade them. And this is very much what negotiation is – persuading somebody else to either see something our way, or to do something that we want.
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The Fact Is We All Negotiate Whether it’s with our partner, our parents, children, friends, suppliers, customers or even our colleagues, when we want somebody to do something, we may well need to persuade them. And this is very much what negotiation is – persuading somebody else to either see something our way, or to do something that we want.
Pierfrancesco Manenti, Gartner vice president analyst, says "commercial innovation" refers to the efficiencies that chief supply chain officers bring to the provider and to the customer.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
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Every week, Spend Matters analysts turn their eye toward the procurement tech trends they observe in the marketplace. This week, Meena Ibrahim discusses her specialist area of expense management and how it has evolved for the post-pandemic world. According to an industry poll by Global Business Travel Association , business travel has jumped back to 63% of pre-pandemic travel levels and is expected to continue to grow.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
When you think of the best purchasing software solutions for SMEs, or procurement tech in general, you probably think “expensive” This list of 15 procurement tools specifically targeted to smaller and growing businesses will prove it’s not so. Yes, it’s probably true that micro-businesses probably won’t see a benefit from these applications.
Our FMCG client chose a major Indian outsourcer as their preferred managed service partner in late 2020. The scale of the transformation programme is significant. It has led to the creation of over 100 different Statements of Work (SoWs) and Change Requests (CRs), ranging from complex managed service agreements to systems development and integration projects, and resources contracts.
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Top Technical Skills in the Digital Age of Procurement Explore the top technical skills purchasing professionals should have to be successful in the rapidly changing digital age of procurement. By Hugo Britt | July 18, 2023 Search Search Technical skills are changing in procurement. Not long ago, purchasing professionals were expected to master the various stages of the sourcing cycle, but the reality is that AI and ML-driven automation are creating the need for an entirely new skillset.
With climate and social equity issues ever approaching a crisis point, responsibility for the future has fallen squarely on corporations and the way they operate. Procurement professionals have quickly become key actors in the race to drive change and are always looking for new ways to increase their impact. The post How Spend Intelligence Transforms Savings into Social Impact and Sustainable Growth appeared first on SpendHQ.
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Clients and results More Customers We saved more than $1 million on our spend in the first year and just recently identified an opportunity to save about $10,000 every month on recurring expenses with Planergy. Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Preparing Your AP Department For The Future", to learn: How to transition from paper and excel to eInvoicing.
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In this blog post, we explore the practical implementation of utilizing Terraform on IBM Cloud to create and manage secrets by seamlessly integrating your IBM Cloud Kubernetes Service with IBM Cloud Secrets Manager. Previously, this functionality to manage TLS and non-TLS certificates and secrets was primarily accessed through the CLI using the namespace ibmcloud ks ingress secret.
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