Procurement Insights

SEPTEMBER 13, 2024

The suite leverages artificial intelligence and machine learning to provide features like cognitive procurement, intelligent contract management, and predictive analytics. Merlin is an AI-driven platform that automates tasks, generates insights, and supports decision-making by enhancing procurement and sourcing processes.

Procurement team 52

Procurement team Supplier negotiation Procurement supply chain software solutions 52

Procurement Insights

SEPTEMBER 6, 2024

within 3-months Achieved a 23% on average reduction in MRO cost of goods annually over several years Reduced the collective organizations’ FTE count from 23 to 3 within 18 months Before selling the company in 2001 for $12 million – something I regret doing to this day- we had achieved similar success for the NYTCA.

Stakeholder engagement 64

Stakeholder engagement Procurement Contract Collaboration 64

Procurement Insights

AUGUST 30, 2023

In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23. Delivery performance and product quality also improved dramatically.”

Real-time Visibility 52

Real-time Visibility Procurement supply chain software solutions Buyers 52

Procurement Software

JUNE 13, 2023

Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. DeepStream DeepStream Technologies is a rapidly growing source-to-contract software based in London, providing an e-sourcing and contract management platform.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

The Procuretech Podcast

JULY 12, 2022

In 2001 they were offered the Scottish government's P2P service, which they're still running. Elcom also does work across the UK in the health and education space, where the software covers sourcing, contract management, P2P, inventory, point of care, analytics, and more, along with supplier services such as bid management.

Sourcing 52

Sourcing Contract management Data Inventory 52

Procurement Tactics

FEBRUARY 23, 2023

In business, negotiation allows parties to settle disputes, build stronger relationships, and create value in contracts. Contract risks Negotiators may gain power by taking action to lower the risk exposure that is perceived by the other party. However, how can you negotiate professionally?

Negotiation 130

Negotiation Influencing Strategy Import 130

Procurement Insights

JUNE 17, 2024

Before I sold my company in 2001, an analyst firm called Meta, eventually purchased by Gartner , approached me because of our tech and the successful results from our first big implementation. We will get you to sign a contract and then invoice you for $20,000, which is more than $36,000 in 2024 dollars.

Supply Chain Optimization 52

Supply Chain Optimization Influencing Supply chain Procurement 52

The Good Spending

SEPTEMBER 14, 2021

Agile is an open relationship, not a marriage contract Boilerplate contracts, precise specifications, all-purpose RFPs are not suited for Agility. The faster you fail, the cheaper it is for the business, as long as you have made the correct conclusions and set your team for success.

Leadership 52

Leadership Negotiation Contract Change management 52

Solvoyo

FEBRUARY 27, 2019

Until recently, Agile, started by Agile Manifesto drafted by a group of technologists back in 2001 was a methodology used in software development.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Real-time Visibility supply chain software solutions Data 40

Solvoyo

OCTOBER 10, 2018

Back in late 2001, we were burning more than a half million dollars per month and as such had a serious cash flow problem at Salesforce. At that time, we had no long-term contracts with customers, no upfront payment, everything was paid on a monthly basis. Believe and live that dream every day.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain supply chain software solutions Contract Supply chain 40

Pipefy

DECEMBER 6, 2023

Agile methodology Agile methodology is a project management strategy created in 2001 with the software development process in mind. Customer collaboration over contract negotiation. Let’s explore a few of these increasingly popular tools for a glimpse of their power to make business workflows efficient.

Real-time Visibility 52

Real-time Visibility e2e Data Strategy 52

Procurement Insights

AUGUST 24, 2024

An even bigger question is how much the 2025 contraction back to a 2019 map will further weaken our supply chains as we enter a tumultuous world period. That is why, Bill, it will ultimately be more devastating than the dot.com bust in 2001. What will our GenAI hubris cost us in the short, mid, and long-term?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Contract Supply 52