Procurement Insights

FEBRUARY 18, 2025

Lack of Integration Between Systems Issue: AI-powered procurement solutions require seamless connectivity between ERP, supplier databases, and sourcing tools. Example: A company adopts an AI-powered contract management tool , but it doesnt integrate with their sourcing or invoicing system , creating inefficiencies.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

TYA Suite

JANUARY 27, 2025

A procurement system helps in identifying, assessing, and mitigating risks throughout the procurement process. The system provides tools for risk analysis, supplier evaluation, and contract management, ensuring that potential risks are addressed proactively.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

The Good Spending

MAY 13, 2024

How did procurement award contracts to at least two suppliers who relied on iSoft without a working platform? Contract management is another miserable story. Risk management? Change management? Technological failures? Was there any SRM or stakeholder engagement? Cost control?

Procurement 64

Procurement Contract Stakeholder engagement Negotiation 64

HICX

DECEMBER 15, 2022

David is a procurement practitioner who has spent nearly twenty years working in a number of organizations both in the public and private sectors. After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers.

Procurement 52

Procurement supply chain software solutions Real-time Visibility Suppliers 52