World of Procurement blog

APRIL 23, 2024

In the complex dance of corporate procurement, Request for Proposal (RFP) documents play a pivotal role, acting as the bridge between a company’s needs and the potential solutions providers can offer. Let’s dive into the nitty-gritty of Procurement RFPs, from their basic definition to best practices. What is an RFP?

Procurement 52

Procurement Vendor relationships Budget Bidding 52

World of Procurement blog

APRIL 23, 2024

In the complex dance of corporate procurement, Request for Proposal (RFP) documents play a pivotal role, acting as the bridge between a company’s needs and the potential solutions providers can offer. Let’s dive into the nitty-gritty of Procurement RFPs, from their basic definition to best practices. What is an RFP?

Procurement 52

Procurement Vendor relationships Budget Bidding 52

Bonfire

AUGUST 19, 2022

One of the most challenging parts of putting together an RFP is getting stakeholders involved in the build process without creating chaos. With demands on public sector procurement teams increasing all the time, the need for effective RFP collaboration will continue to increase, too. The sources of RFP collaboration headaches.

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Collaboration Procurement team Procurement Demand 52

Procurement Software

MARCH 19, 2024

If we let our minds run wild, it’s not difficult to see how much potential this technology could bring to transform many existing procurement processes and tasks. Or else, you sigh and roll your eyes, thinking it’s just the latest hype cycle. There’s a valid argument both ways, but one thing is for sure.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

MARCH 12, 2024

Maybe I need to get Melissa Drew back on the podcast again, given how much has changed since we last spoke about AI. Maybe I need to get Melissa Drew back on the podcast again, given how much has changed since we last spoke about AI. How is machine learning different from Generative AI? AI is not going to just go away.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Insights

JUNE 24, 2022

It reminds me of how my mother used to warn me that sitting too close to the television would ruin my eyesight. A few months later, the co-founder of Scout RFP (now Workday ), Andrew Durlak , shared his thoughts in a post titled New Wave Company Update: Scout Co-Founder provides his view on the Internet of Things. Interesting timing?

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Procurement supply chain budgeting Buyers supply chain software solutions 52

Procurement Software

FEBRUARY 14, 2023

Important here is also how many of those users will be buyers / approvers vs. just requisitioners or view only access to access reports. How quickly you are likely to grow or roll out the software to other locations? TOTAL COST AND PRICING MODEL So let’s start off with probably the obvious one, and that is cost.

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

Jaggaer

DECEMBER 24, 2019

As purchasers seek to differentiate between vendors they often add superfluous requests to RFPs, inadvertently setting high expectations that can’t always be met. Frequently, unrealistic user expectations come directly from the RFP process. Approaching a large IT implementation project can be a daunting prospect. User Input .

Project management 87

Project management Purchasing Budget Management 87

The Procuretech Podcast

OCTOBER 12, 2022

And it was a fascinating look into how hard it can be to keep track of data when it comes to audits. Welcome back to The Procuretech Podcast! We're continuing our mini series where we ask influencers and industry experts for their thoughts on everything that's happening in the digital procurement world. That's the Holy Grail, isn't it?

supply chain budgeting 40

supply chain budgeting supply chain software solutions Supply chain Supply 40

The Procuretech Podcast

MARCH 8, 2022

With the backdrop of inflation, supply chain shortages and now as I currently write this, a war being fought on European soil, supplier collaboration and supplier innovation are two topics that I think we can be sure will increase in priority. How can software assist this process? Define "Supplier Innovation": What does it mean?

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Innovation Suppliers Procurement supply chain software solutions 52

Procurement Software

FEBRUARY 20, 2024

Source is a safe and user-friendly guide through the RFP and awarding process. This allows for easier RFP document creation and for cover letters to be drafted. Lots of European procurement tech startups are still in early or growth phase. We look at 25 of them who are making an impact across different areas of procurement.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

ivalua

MAY 6, 2020

Last year Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The first, authored by Duncan Jones and published on December 10, is The Forrester Wave : eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ).

Sourcing 130

Sourcing Eprocurement Contract Suppliers 130

ivalua

DECEMBER 18, 2019

This month Forrester published 2 major Wave reports, which together span the full Source-to-Pay process. The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ).

Eprocurement 147

Eprocurement Sourcing Contract Suppliers 147

World of Procurement podcast

OCTOBER 11, 2021

IT WILL COME BACK ON :D We had Tom Mills on the World of Procurement Podcast to talk about his views and ideas around what Procurement truly is. At one point in the episode, Tom referred to The Heart of Procurement and I instantly knew that would be the title for this episode. We cover an incredible amount of conversation pieces as summarised below.

Procurement 52

Procurement Procurement team supply chain budgeting Supply chain 52

Jaggaer

JANUARY 21, 2020

Through years of change, including a large-scale digitalization project, the largest question for Nguyen has often been, “ How do you set up people for success when it comes to helping them develop their capabilities?” The key is a concerted approach to change management. Choose the right technology. It’s not just always ‘pick up the phone’.

Change management 40

Change management Management Import Procurement 40

Positive Purchasing

JANUARY 25, 2024

Elouise left me with a whole heap of things to think about, especially how AI is set to impact the world of procurement. Back in 2015 and 2016, I was seeking a clear perspective on the way digital would impact the whole area of procurement and how I should prepare for it. Recently, I welcomed Dr Elouise Epstein to the podcast.

Data 52

Data Supply Chain Efficiency Supply Chain Optimization Procurement 52

World of Procurement podcast

JANUARY 17, 2022

With everything being tracked, it gives you insights into how much time is required to complete tasks. With everything being tracked, it gives you insights into how much time is required to complete tasks. This could be an RFP exercise, a contract review or consolidation of your supply chain. We like that a lot. To awesome.

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Procurement supply chain software solutions Data Contract 52