Posted by Lindy Stankey, Account Executive in Education on July 16, 2020
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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Posted by Michael Rösch, JAGGAER SVP, Customer Engagement, Europe in JAGGAER News on July 14, 2020
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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Posted by Emily Chandler, Account Director in CPG / Spend Analysis on July 7, 2020
“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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Posted by Jaggaer in Spend Analysis / Supplier Management / Supplier Network on July 2, 2020
A Global 1000 engineering and construction company servicing the oil and gas industry needed a solution to provide accurate reporting and analysis on key performance indicators. The main challenges they faced were the quality and disparity of the data. In addition, they would need to incorporate customer-specific KPI metrics and algorithms as part of their analysis. [...]
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Posted by Jaggaer in Contract Management / Sourcing on July 2, 2020
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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Posted by Ellis Booker in Events / Procurement Resources / Supplier Management on June 25, 2020
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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Posted by JAGGAER in Life Sciences on June 23, 2020
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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Posted by Amenallah Reghimi, VP of Product Management, Cognitive Intelligence, Category Management and Analytics in Autonomous Procurement on June 18, 2020
“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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Posted by Amenallah Reghimi, VP of Product Management, Cognitive Intelligence, Category Management and Analytics in Autonomous Procurement on June 16, 2020
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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Posted by Mike Roberts, Director, Analytical Services in Spend Analysis on June 11, 2020
With the current global economic circumstances, it should come as no surprise that businesses across all industries are looking for real time solutions to aid their procurement process by identifying cost reduction and spend management opportunities as a priority. The pandemic has not only created a need for a shift in business process, but it […]
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