This article highlights the significance of digital transformation in procurement operations for businesses with high procurement spend. It underscores the legal risks associated with conducting complex procurement operations using emails and attachments, and the benefits of digitally transforming procurement processes onto a single, transparent and auditable digital platform.
We know from talking to our users (and our own bad experiences!) just how much complexity and stress can be involved in the process of bidding on a tender. Do you have all the documents to hand? What does a specified clause mean? When is the next deadline? How exactly are you expected to respond? All too often, requirements are vague and the responsibility is on a single person to figure it out by wading through a bunch of emails and documents.
Professionals working in procurement face a lot of daily challenges, from lack of technology to supply chain delays, with intense pressure to perform. With mounting demands and the stress of a recession, it’s not surprising that burnout can be an issue. How can you avoid burnout and maintain a healthy work-life balance?
One of the key points which comes up repeatedly where companies look to improve their tendering process is around efficiency. Are procedures as streamlined as they could be? Is preparing a bid realistic or too much of a burden? Are there activities which waste time? Our Senior Product Manager Niall explores how procuretech can transform efficiency in your tendering process.
As we move into 2023, the procurement industry is going to see a number of significant trends emerge. Here are the top 10 trends we think are likely to shape the procurement landscape in the coming year...