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WebVan was a California tech startup that promised at-home grocery delivery services for a relatively low price, eventually going bankrupt in 2001 as the bubble began popping. Let's take a step back for a moment to days of the 1990's-2000's tech boom and consider a company so far ahead of its time that it was doomed to fail.
We dug that company out of terrible financial difficulty after the “internet bubble” burst in 2001. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. My tenure at AMD was amazing.
In 2001 they were offered the Scottish government's P2P service, which they're still running. Also, there's a difference between a quick sourcing request and a more strategicsourcing exercise. And the public sector's sourcing needs are fundamentally different to those of the private sector.
Meanwhile, supplier management offers the ability to approve and reject supplier categories within supplier profiles and to provide dynamic feedback to sourcing teams. Promena Founded in 2001, Promena is based in Turkey and offers an end-to-end digital procurement solution. The Promena platform brings together a number of products.
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