Tue.May 21, 2024

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Evaluation Criteria for Professional Services

Procurement Templates

An example of typical evaluation criteria for professional services. Don’t forget this is a generic list and you will need to tailor it to your specific tender and ensure that it links back to the specification 1. Experience and Expertise (20 points) Number of years in business (5 points) Relevant industry experience (5 points) Technical expertise and certifications (5 points) Client portfolio and case studies (5 points) 2.

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What is a procurement platform anyway?

Spend Matters

Many procurement solution providers claim to be ‘platform’ providers. What is the difference between an app provider and a platform provider? And does it even matter to procurement or others in general? In this article, prt of which originally published in 2014, our analysts explain why it does. This content is for members only. Visit the site and log in/register to read.

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South Carolina Ports Authority’s operations pause stretches into Tuesday

Supply Chain Dive

A software issue led to impacts at both marine and inland terminals, according to initial findings reported Sunday.

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French Shipping Giant Expects Slump in Cargo Rates

Supply Chain Brain

With the windfall that came as a result of soaring cargo rates during the COVID-19 pandemic, CMA CGM and others ordered vessels that are now entering service.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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Intake and Orchestration in procurement: How do the solution providers define its role? – Focal Point

Spend Matters

Spend Matters chose Intake and Orchestration as its main research theme for this quarter because we believe it is the fastest-growing procurement tech market segment today. If you’d like to understand more about what intake management and orchestration mean for procurement, read our Guide to Intake and Orchestration. As part of our research, we are conducting analyst-led analysis / thought leadership , solution provider deep-dive analyses , webinars and interviews with both the practitioners who

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Watch: What's Right — and Wrong — With Robotics

Supply Chain Brain

Bringing technology into a warehouse — especially robotics — is no simple task. Kim Losey, chief growth officer with Rapid Robotics, discusses the right way to introduce innovation.

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Philippines Seeks Asia Logistics Hub Status, Banking on U.S. Ties

Supply Chain Brain

President Marcos said the Philippines is seeking greater participation in global value chains and increased foreign direct investments to sustain economic growth.

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Careismatic Brands to close Dallas distribution centers, lay off 400 employees

Supply Chain Dive

The closures comes as the scrubs maker fell into bankruptcy after years of citing supply chain woes.

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Do Plastic Pallets Have a Place in 2024?

Supply Chain Brain

By understanding the use cases best suited for each pallet material type, supply chain practitioners can make significant strides in sustainability while ensuring efficiency.

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3 Things to Know About Arkestro’s Exclusive Advisory Council Events

Arkestro

Resources / Blog / 3 Things to Know About Arkestro’s Exclusive Advisory Council Events 3 Things to Know About Arkestro’s Exclusive Advisory Council Events It’s no secret that anyone working in procurement — from CPOs to procurement managers — has their work cut out for them in 2024. According to the Hackett Group’s 2024 Global CPO Survey, procurement teams’ workloads are expected to increase an average of 8% this year.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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Finland and U.K. Seek Further Blocks to Russian ‘Shadow’ Tankers

Supply Chain Brain

A $60 a barrel price cap on Russian oil imposed in December 2022 was designed to deprive insurance from a tanker transporting oil at above the price cap.

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Will AI replace Procurement in supplier negotiations?

Procurement Software

Will AI replace procurement professionals in negotiations? It’s one of the fears haunting the corridors of procurement teams right now. But, not so fast. While it certainly is something on the radar and being worked on, there’s some way to go yet, as we’ll explain. Enterprise procurement teams are heavily looking into how AI can assist them.

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What is IT Service Delivery? Definition and Examples

Pipefy

The goal of IT service delivery is to allow organizations to weigh the benefits of IT services against their costs. Businesses generally require a provider to guarantee that it will perform those services to standards specified in service-level agreements (SLAs), whether that provider is the company’s own IT department or an external provider. Providers that fail to meet SLAs usually face penalties such as fines and loss of reputation.

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A measure of scrutiny and a dose of skepticism

Procurement Insights

In the past week, I have introduced three of the top ten providers on my analyst solution map through the Procurement Insights blog. Here are the three of the ten to date: LavenirAI – Analyst Map Inductee: The Four Cornerstones Of Learning In The Digital AI Era Achilles – Analyst Map Inductee 2: A Zero Carbon Footprint Requires A Strong Achilles Mintec – Analyst Map Inductee 3: Making A Case (Study) For Mintec How Did They End Up On My Analyst Map?

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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The People, Process, Technology (PPT) Framework: An Approach to Change Management

Pipefy

Effective change management is a core requirement for modern businesses, especially those undergoing software upgrades and digital transformation. The People, Process, Technology (PPT) framework encapsulates these three principles, each contributing to an effective enterprise. This guide shows how the PPT method can transform an organization by providing strategies for implementing PPT within your organization, along with business use cases.

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U.K. Freight Forwarding Trio Buys Forward Solutions

Supply Chain Brain

The companies established a joint venture holding company, Forward Computers Alliance Limited, to facilitate the acquisition from the Freight Software Group.

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Shooting to score with Scout Advisor’s NLP

IBM Supply Chain Blog

Phrases like “striking the post” and “direct free kick outside the 18” may seem foreign if you’re not a fan of football (for Americans, see: soccer). But for a football scout, it’s the daily lexicon of the job, representing crucial language that helps assess a player’s value to a team. And now, it’s also the language spoken and understood by Scout Advisor—an innovative tool using natural language processing (NLP) and built on the IBM® wa

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Integrating IT Governance: Essential Strategies for Businesses

Pipefy

Information technology (IT) is a standard component of businesses in virtually every sector, largely due to the increasing importance of data analysis. It plays a pivotal role in remaining competitive, but it isn’t enough to simply have the latest applications and equipment. Winning the digital arms race also requires organizations to develop a road map for managing their IT infrastructure, which is where IT governance (ITG) comes into play.

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.