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Since Covid-19 prompted a global supply-chain shortage, procurement has attracted a lot of attention it didn’t previously receive. So where should a Chief Procurement Officer sit within a company? An even better question is: should there be a Chief Procurement Officer at all? Here are some thoughts.Read more
The procurement leaders should have a neat, sleek dashboard where all the data can be sliced and diced to show management why the team is doing a good job, thus deserving more funding/headcounts.Read more
For procurement managers, the process of running a large-scale RFP with multiple vendors tends to be involved, complex, and chaotic. The bad news is that’s almost by definition what running an RFP means. The good news, however, is that you can use a software system to manage the process to eliminate manual work, consolidate information, collaborate effectively with both the internal and external teams, and ultimately digitalize the RFP process. Here is how.Read more
Previously, we have written about why the legal playbook is the answer to contract negotiation automation. We often get asked: who is your target customer? Is it in-house legal teams or procurement? Our answer has always been: both. Here is why and how.Read more
We will discuss why businesses want to change the business type (most of the time, from a less complex structure to a more complex structure) and how to change the business type.Read more
A mass shooting is an incident in which four or more people were shot or killed, excluding the shooter. As of May 31, there were 230 mass shootings in the United States in 2022. This topic has been especially discussed in the media recently after the Uvalde Elementary School shooting where 19 students and 2 teachers were fatally shot by an 18-year-old who legally bought AR rifles just days before the shooting.Read more