Process and Best Practice Content

UX, Blockchain, IoT: The Future of Procurement Technology Unfolds at BearingPoint Speakers’ Series

Imagine ordering a replacement part with your camera, or having your IoT devices order supplies themselves, or just telling your chatbot assistant to assess and restock your inventory while you work on another project. Those digital-assisted feats aren’t futuristic. They’re already happening — but we’ll be seeing more uses of them in procurement as the digital transformation continues to evolve, according to speakers last week at a daylong discussion called Digital Procurement: Beyond the IT Landscape. Subjects ranged from blockchain and the internet of things (IoT) to process mining and best practices for digital implementation.

Public Spend Tips: Prep for All Types of Meetings to Help Land Government Contracts

contract

I’ve called this meeting about government contracts with you, the reader, to check in with Public Spend Forum, a sister site of our, to see what’s going on in public procurement. PSF has a list of tips and advice on something that seems simple but is widely derided: having a meeting. Meetings can be successful if you know what you’re trying to accomplish. And that takes knowing the different types of gatherings that acquisition pros might attend in a week — customer meetings, informal meetings with prospective contractors, formal meetings with suppliers and contractors, negotiations, source selection meetings, post-award contract kickoff meeting, and contract closeout meetings.

Sponsored Article

E-invoice Sending is Accelerating — Are You Ready?

Companies gain tremendous benefits from sending e-invoices to their customers — from streamlining processes to increasing efficiency, decreasing costs, speeding up payments, and gaining visibility and control. Plus, your customers can receive their invoices via their preferred channel and in any digital format. Wherever your organization is in its automation journey, read on to learn the benefits of going electronic and understand what the upcoming regulatory implementations mean for you.

Sponsored Article

Learn the Best Practices for Integrating Your E-procurement System with Amazon Business

BuyerQuest

To automate your procure-to-pay processes, your business will need to integrate your e-procurement systems with the online catalogs of your contracted suppliers.

Amazon Business launched in 2015 with a vision to give businesses a simple, personalized and transparent online B2B experience. An extension of this vision was to simplify the integration for businesses connecting their e-procurement systems to Amazon Business, while giving them access to a broader selection of products and sellers.

This article will highlight the best practices for integrating your e-procurement system with Amazon Business.

Tips to Win U.S. Government Contracts: Small Business Style

Spend Matters welcomes this guest post from Public Spend Forum, a sister site of ours.

If you’re a small business and you’re prepared to put in the work, contracting with the government can be lucrative.

Before you try to land that deal, let’s look at tips to win U.S. government contracts — things like assessing your eligibility, doing your research, getting your credentials, evaluating your set-aside status and finding the contracts to bid on.

9 Tips for Gig Workers to Get More Work This Year

Spend Matters welcomes this guest post from Mynul Khan, CEO and founder of Field Nation, which offers a specialized enterprise technology solution and online marketplace that enables the sourcing, dispatching management and payment of independent field tech contractors.

For gig workers, 2019 is expected to bring increased competition. The gig economy workforce is currently growing three times faster than the traditional U.S. workforce and is predicted to make up half of the workers by 2027. The good news is job opportunities are not slim because employers are increasingly looking for freelancers to help cut costs, supplement workflow and provide specialty skills. For gig workers looking to expand their client roster and build credibility, here are nine simple tips to get more work this year.

Sponsored Article

Using Technology to Create a More User-Friendly Procurement Experience

Close-up Of Businessman Stopping The Effect Of Domino With Hand At Desk

Procurement departments often cite a lack of engagement from the wider business as a key reason for why they can’t add more value to their organizations. Stakeholders progress workstreams and discussions with suppliers without involving procurement, goes the argument. This is certainly true in many cases, but why do non-procurement colleagues choose to take this approach? Evidence from a recent study conducted by Efficio shows that procurement is not only contemplating this question but believes it has a role to play in addressing the problem.

Sustainability and Supplier Data: EcoVadis, Healthcare Firms Share Information for ‘Responsible Health Initiative’

healthcare

The issue of sustainability has increasingly become a topic that has the power to unite industries in which peers might otherwise find themselves in fierce competition. According to EcoVadis, industry concerns about sustainability have made supplier data, which was once considered proprietary, become a shared resource for creating impact and cross-company value. EcoVadis and three health and pharmaceutical companies — GlaxoSmithKline (GSK), Teva, Takeda — this year announced the launch of the Responsible Health Initiative (RHI).

Sponsored Article

Rethinking the RFP Process for Public Procurement Systems

When procuring an e-procurement system for public spend, one could argue that the complexities and differentiated requirements always call for a competitive RFP process. The problem is that some state and local governments are tight on resources or unclear on which requirements to include in the solicitation, so they outsource the market research and RFP development processes for e-procurement buys to consultants who, in turn, do one of two things. But both outcomes put agencies at an automatic disadvantage.

What the Heck are Companies Buying When They Purchase Accounts Payable Technology?

Spend Matters recently ran two surveys (one to procurement/finance practitioners and one to technology providers) in preparation for the launch of the Spend Matters Accounts Payable Automation SolutionMap later in 2019. Many of our questions focused on how users and providers define the bounds of AP automation solutions since there is often a disconnect even within the vendor community — let alone the user community. Accounts payable technology covers many business areas, so the market for the solutions is confusing. It's hard to compare them apples to apples.

10 Business Intelligence Trends: From Analytics Adoption to Explainable AI and Converging BI Platforms

“Business intelligence” has been a staple of an effective corporate entity long before computers appeared on the scene, but leaps in computing power, cloud storage and advances in data processing and visualization have allowed businesses to use their resources vastly more effectively. The advances in business intelligence (BI) also make it accessible to hundreds or thousands of workers throughout the business, instead of just a few dozen data scientists using specialized skills and software. Against that backdrop, Tableau outlines 10 BI developments to watch in its 2019 Business Intelligence Trends report.

Where to Start When Identifying ERP Solutions

When you find yourself tasked with figuring out what ERP solution you are going to on-board for your organization, you do a quick search and find there are dozens of vendors offering a variety of ERP solutions. Where do you start in your process of determining which of these vendors and platforms would be best for you? You need to look at functionality, pricing and resourcing.