Monday 23 February 2015

Welcome to Private Sector Thought Leadership Paper (To Bid or Not to Bid? 5 Best Practices for Asking RFP Questions)

As the growth of eSourcing continues and more and more buyers are being exposed to electronic sourcing tools, we are finding that although the technology has evolved significantly, the methodology hasn't necessarily kept pace. When moving to an eSourcing solution, buyers tend to hand us a Word or Excel file and expect the RFP to be created, question for question, as an exact replica in electronic format. 

Thursday 19 February 2015

Transforming Procure to Pay Process Online Increase Efficiency and Benefits

Authored by Usama Shahid

Procure-to-pay processes involve all stages of a business transactions and are integral to overall enterprise efficiency. Organizations face a number of challenges with these Processes that can affect profitability, compliance and efficiency including profit Recovery, Process automation and process optimization.

Wednesday 11 February 2015

Significance of Systematic Inventory Management

Authored by Fahad Amjad

In order to understand firstly what is actually concept of inventory management is that inventory management is the assets of any organization that are considered to use in the production of any goods and services refers to sales or any other consignment. There are different types of Inventory management i.e. Raw material goods, pending work that are considered in work in progress and the final or finished goods. The main key of successful inventory management is to maintain the  internal control over inventory which includes any kind of damage or theft , tracking of different purchase orders etc.

Friday 6 February 2015

Let’s Introduce “e” in Business

Authored by  Junaid Khan 

Few years ago the word “e” was known as an alphabet, and now a day it is crystal clear that the so called alphabet known as “e” has played a vital role in the transformation of world’s largest companies. Many researches show that “e” has brought a revolution in the success stories of many companies. By placing “e” in any process just like, eProcurement, eCommerece, eBusiness, eMarketing, eTrade, eBilling etc, open magical doorsteps of success and saving and boost the financial values of organization in current era. But the development of eProcurement strategies are not as simple as placing a simple word e in front of old procurement strategies or function performed with in the organizations. For transformation of a conventional procurement practices into eProcurement process, a strategic strategy should be designed in an automated manner which integrate all process, technology and other resources that built an infrastructures of organizations and also strengthen to achieve the overall objective of organizations.

Monday 2 February 2015

Re-Inventing the Role of the Procurement Professional

Authored by Usama Shahid

As we see a world becoming more global in coming year, but even more challenging, Senior executives, including those in procurement, will have to be able to operate within this fast moving and complex environment, and will need to show a range of skills, knowledge and behavior. So we believe that the successful procurement professional of the future will need to develop both strong internal and external focus, and will demonstrate analytically and inter-personal strengths. These two dimensions combine to re-invent the role of procurement professionals: