It’s no secret that marketers have sometimes viewed procurement teams with suspicion if not outright hostility. Make no mistake, we have seen real progress in recent years but some...
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Procurement
Sale of goods by a non-owner
How a business may secure its interest at the time, goods are purchased from someone who is a non-owner of the goods? Question - If A is the owner of product X and B is the...
How procurement leaders can future-proof companies in uncertain times
With the UK and global economy still facing an uncertain 2024, global consultancy Efficio has released a new report explaining the top priorities of procurement leaders in turbulent...
AI’s transformative role in empowering companies to optimize procurement
Artificial intelligence is a transformative force, reshaping the procurement landscape and offering companies an unprecedented opportunity to revolutionize their supply chain...
Contract Management: Bridging Buying-Selling Risks
#contractmanagement is not #sales and it is not #procurement. It is part of both. When it comes to buy and sell risks, organizations need to consider them from a single perspective in...
Exploring the Pre-Negotiation Phase of the Contract Lifecycle
Contract lifecycle management (CLM) is like building a house. It requires a detailed plan and a seasoned team with a variety of skills. It’s usually completed in phases. But the...
Supply chain, logistics, procurement & tech 2024 predictions
Supply chain, logistics, procurement and technology predictions for 2024 from Anders Beck at Universal Robots and Efficio's Louis Carval AI 'will speed pace of robotics and...
Uniform Guidance Methods of Procurement
The procurement standards included in Subpart D, Section 200.317–200.327, of the Uniform Guidance apply to procurement of goods and services directly charged to a federal award; the...
Seizing the Opportunity for Digitizing Procurement
Multiple developments in supply chain technology are converging to create an unprecedented digital opportunity for procurement professionals. By mastering and combining emerging and...