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Procurementteams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility. Why is visibility so important?
Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating value isn’t enough though, the value still has to be captured. . Both are essential to the success of every business.
Fast-forward 10 years and Bonfire’s eProcurement platform has streamlined the process for 451,506 global users (and counting), including buyers, vendors, and evaluators. In that time, we’ve never stopped evolving to respond to the changing landscape of public procurement. Driving impact with eProcurement. What’s next?
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies. When the supply base is limited, being the customer of choice is essential.
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