Dynamic Purchasing System for Public Procurement

Dynamic Purchasing Systems: An Answer to Public Procurement Burdens?

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Every year, more than 250,000 public authorities in the European Union spend around 14% of GDP (around €2 trillion per year) on the purchase of services, works and supplies. Their peers in the United States are also responsible for about $2 trillion in spend. Could the money be better spent? Absolutely. How? Now that’s a [...]

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digital render of computer automation software

Hello Automated Procurement, Goodbye Tedium

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How much do you enjoy routine tasks such as updating dozens of price lists, generating purchase requests, and entering and reviewing information for multiple suppliers? Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic […]

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What the Department of Education’s Guidance Means for Higher Ed Procurement Teams

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Let’s be honest… it’s a confusing time to be in higher education. As the Department of Education, along with state education departments around the country, begin issuing recommendations for return to school plans, procurement teams are left asking what’s next for them. How do you prepare your school for a full or partial return, and […]

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Benchmark your Organization – Take Part in the 2020 Procurement Performance Excellence Survey

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Procurement has developed rapidly in recent years, and with the application of transformative technologies such as artificial intelligence and new challenges such as Covid-19 and changing global trading relationships, the rate of change is likely to accelerate.  So, what is the current state of best practice in procurement? And what should your organization consider doing to move up to the next level? Simple questions, but the answers are […]

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Unilever - Spend Analysis

Unilever Gains Visibility & Control Over the Most Unpredictable Spend Category

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“What’s really beneficial is that we get instant insight into actual versus planned across all of our contracts, is our spend with a particular carrier a lot more or a lot less?” - Srestha Dutta, Global Process & Technology Senior Manager Profile $0Bannual revenue in 2017 0+brands 0%business in emerging markets Every day, 2.5 billion [...]

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The Key to Successful Procurement Negotiations

The Key to Successful Procurement Negotiations? Be Prepared!

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Supplier negotiation skills are essential for anyone working in procurement. It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer-supplier relationship. It’s often said that the most challenging negotiations are not the ones with suppliers, but rather the internal ones. Negotiating is an important […]

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Molly Fletcher speaking at JAGGAER's Global Procurement Forum, REV 2019, on negotiation

The Heart of Negotiation: A Conversation with Molly Fletcher

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Procurement experts know that making deals is a key part of the job. From agreeing on bulk pricing with a supplier to working out budget numbers with internal stakeholders, procurement teams are locked in a constant give and take. But negotiation doesn’t have to be a battle and learning the steps to success is simpler […]

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healthcare-pharmaceuticals

Adapting Pharmaceutical Companies’ Distribution and Supply Networks

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Pharmaceutical companies have complex supply chains that are often not optimized to their full potential. Pharmaceutical materials must be closely monitored as they go through the pipeline, bringing a unique set of challenges. From source materials to distribution, the supply network must be carefully streamlined to produce the best results possible. For more on pharmaceutical […]

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Using natural language generation (NLG) in procurement tech

How to Transform Your Procurement Process with Natural Language Generation

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“Alexa… find information about Conversational Platforms in Procurement…” Natural Language Generation (like Alexa and Siri) technologies are transforming the way business professionals and consumers interact with technology. Voice-enabled platforms are still in their infancy, but the technology rapidly advancing to enable more complex interactions. It’s only matter of time before we are all relying on […]

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Smart Assistant

Emerging Technologies: The Evolution of the Smart Assistant

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Everywhere we turn, there is a constant buzz around new technologies such as artificial intelligence, machine learning, and cognitive intelligence. These emerging trends are expected to revolutionize procurement. According to Supply Management, “Cognitive procurement will drive the procurement profession forward” and early adopters may certainly gain a competitive advantage. Industry experts appear concerned primarily with […]

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