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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Trending Sources

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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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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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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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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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A critical mineral inventory glut masks long-term supply constraints

Supply Chain Dive

An International Energy Agency report urges producers to diversify supply chains and up investments to avoid future lithium shortfalls.

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More Trending

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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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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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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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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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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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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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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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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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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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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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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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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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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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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 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.