How to Streamline Contracts and Procurement (During the COVID-19 Pandemic) Streamlining contracts and procurement even before the COVID-19 pandemic may have been difficult. Still, once the pandemic hit and...
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There are quite a few steps when it comes to building an RFP (request for proposal), and in modern times, most corporations and businesses use RFP management software to aid them in the steps of the RFP...
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It may surprise you to learn that more than 50% of all organizations continue to use spreadsheets to manage procurement activities. Updating or modifying spreadsheets that have 50, 75 or more than 100 columns...
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This week I offer the most common challenges that are shared with me by procurement professionals. Most folks that contact me are: Grappling with a system that is difficult to use and utilization is very low...
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Are you constantly wondering what or who is holding up your contracts? Virtually every procurement professional I have spoken with in the past year has listed visibility and transparency as top goals for...
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I am sure you have met folks in procurement who are very confident in their negotiating skills. Their confidence may be based on some big wins or maybe they are willing to employ tactics other people may not...
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When I open my dashboard, there is procurement and management reporting information that I want to see. If there is additional information I need, the dashboard should be easily modified and updated in...
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Comments Off on Sourcing 101 – How Will a Strategic Contract Management System Help Your Bottom Line and Control Risk?It is quite surprising to learn how many organizations don’t have a strategic contract management system in place. Without a system these organizations are creating unnecessary risk and potentially...
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