Tuesday 24 March 2015

Develop Strategic Sourcing as a Saving Stream

Authored by Usama Shahid

Sourcing models that enable organizations to go beyond basic bidding strategies, cost savings we think there’s a general lack of awareness in the market about how these sourcing models work. Best-in-class companies recognize strategic sourcing as a value creator and consider it to be integral to their overall strategies for growth. Here's what it takes to bring your organization up to that level.

Tuesday 17 March 2015

2015 is Easier to Navigate with Gartner

Authored by Mickey North Rizza

As a 2015 present to businesses globally, Gartner has published their 2015 Magic Quadrant for Strategic Sourcing Application Suites. The ‘MQ’ as it is affectionately known, is perfectly timed for executives to find, short list, evaluate and select their Strategic Sourcing Application Suite Technology Provider in early 2015.

In my previous role as Supply Chain Research Director with Gartner, I came to appreciate the time, dedication and sheer hard work that goes into producing the MQ. Months of in-depth vendor interviews and product reviews coupled with endless customer references go into presenting an accurate map of industry leading vendors at that point in time. 

Monday 16 March 2015

Strategic Procurement can Leap Over Cost savings to enhance the Valuation of Organization

Authored by Fahad Amjad

In current market and economic conditions many organizations are actually facing tough economic conditions especially with the growth of sales which is becoming very challenging gradually and becoming real headache of top management of the organizations. Strategic Procurement is done through a proper way, it can actually bring remarkable cash savings and it can become a real source in a increased revenue through refine quality of goods and services. 

Thursday 12 March 2015

Procurement and Professional Career

Authored by Junaid Shamshad

A job for life is something that many people find quite scary, especially in a modern world that is characterized by freedom of movement and job flexibility. But can a career in purchasing really be a job for life?

Monday 9 March 2015

Tips to Improve Relationship with Vendors

Authored by  Junaid Khan 

Relationships between buyer and vendors always lead to favorable prices. World largest solution provider always engage with vendors because optimal productivity along the entire supply chain requires solid supplier-customer relationships, efficient and effective processes, sufficient supporting technology and a value-for-money focus as defined by the end customer. Following are few tips to improve relationship with vendors.

Tuesday 3 March 2015

Tejari Thought Leadership Papers

Today most of the procurement organizations overlook one of the most significant sources of savings. By taking a holistic view of procurement spend and considering the total cost of ownership, further, previously untapped savings can be realized. Gaining the greatest benefits require us to control our spending and manage our teams wisely – another great feature of best-in-class procurement organisations. 

Monday 2 March 2015

Abstraction of CPV

Authored by Fahad Amjad

CPV known as Common Procurement Vocabulary is a concept which is refer to the coding process of different Procurement divisions. CPV has different numerical codes which was developed by the European Union specifically for the Public procurement. The main idea behind the development of these codes was to help the procurement divisions to classify the contract discern constant and correctly to help the suppliers to find the notices regarding the contracts which are useful for them by using a standardized vocabulary.