article thumbnail

Contract Management VS. Contract Administration

ProcurePort

What are contract management and contract administration, and how do these two processes impact your procurement efforts? Dealing with contracts is hard and it’s much harder if you don’t know the difference between contract management and contract administration.

article thumbnail

Ivalua NOW Part 2 – Re-Imagining Offices and Transforming Procurement

ivalua

This, he said, was an example of using procurement to drive competitive advantage and revenue. By building the marketplace, which is powered by Ivalua technology, JLL’s technology and procurement skills are leveraged for the benefits of their customers. He believes that you must “come with a clear procurement value proposition”.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. Thus, enabling them to make smarter decisions regarding procurement strategies. . First Name. Download Free Whitepaper ?. ?.

article thumbnail

New Year Insights for the procurement solutions and services marketplace 2024: mdf commerce

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. Effective contract administration is the last outcome of the S2C focus in public procurement.

article thumbnail

ChatGPT Response Table for Procurement

The Good Spending

Getting to more sophisticated tasks, I asked ChatGPT to explain procurement category management to a non-professional. The response I received created a sense of Deja Vu from previous inquiries on similar procurement topics. It can be used for any other topic related to procurement. My Udemy course "Value-based Procurement."

article thumbnail

How Do GPOs Make Money?

Una

Group purchasing remains one of procurement’s best-kept secrets. Some procurement professionals are concerned that a group purchasing organization , or GPO, won’t be able to accommodate their unique requirements. Others worry that a GPO will lock them in to certain contracts indefinitely.

article thumbnail

Digital Procurement Tools: How much do they cost?

Procurement Software

We’d all like the latest digital procurement tools. But often, those who aren’t familiar with the procurement software market mistakenly overestimate the cost. The reality is that procurement tech doesn’t have to be expensive. There’s plenty of digital procurement solutions out there for every budget. Let’s dive in.