Posts Tagged ‘procurement’

The Benefits Of Merging Both Distributed And Centralized Procurement

In: Finance

2 Jun 2009

Both large and small organizations will understand the benefit of having a centralized procurement model. Effectively a small bunch of managers are responsible for the purchases of a wider group. This allows both audit and control to be efficiently handled and allows compliance with issues like the Sarbanes-Oxley laws.

Engaging your suppliers

In: Finance

23 May 2009

I was recently asked to undertake an exercise to see if it were possible to shave costs in our procurement area ” it turned out that it was costing us about $36 for every purchase order that we sent out of our business ” Management felt there was a cheaper way to deal this so we looked to automation via software.

Reduce processing costs of your Purchase Orders

In: Finance

22 May 2009

I was recently asked to undertake an exercise to see if it were possible to cut costs in our procurement department ” it turned out that it was costing us about $36 for every purchase order that we sent out of our business ” Management felt there was a cheaper way to deal this so we looked to automation via software.

Dont buy a new eProcurement System until it meets this criteria

In: Finance

31 Mar 2009

With the dismal economic situation hitting all sectors of all markets around the world, companies are looking to lower their procurement / purchasing costs ” For this they are turning to specialized eProcurement Software and electronic purchasing systems.

What should I look for in a new eProcurement System ?

In: Finance

28 Mar 2009

With the bleak economic downturn affecting sectors of every markets all over the world, business’s are looking to reduce their purchasing / procurement costs ” They are turning to electronic purchasing systems and specialized eProcurement Software.

Where to start in selecting a new Purchasing Software system ?

In: Finance

28 Mar 2009

With the bleak economic downturn affecting sectors of every markets all over the world, business’s are looking to reduce their purchasing / procurement costs ” They are turning to electronic purchasing systems and specialized eProcurement Software.

Contract Lifecycle Management – Manages the Risk in Outsourcing

In: Business

24 Feb 2009

There is something to consider when engaging a contractor to perform a critical service for your organisation; you can outsource the process but not the accountability.

Get the Specification Right for Contract Lifecycle Management

In: Business

23 Feb 2009

Contract Lifecycle Management involves not only the proactive management of compliance to the negotiated terms and conditions of your agreements, it is highly dependent on how the specification and contract is constructed.

A Standard Contract Should be Specific to You

In: Business

18 Feb 2009

I advise companies on contract lifecycle management, and I was asked this week where you would go to find a good standard contract. I drew cautious breath before replying. I do not believe in standard contracts.


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