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Blockchain – What are the opportunities for procurement?

By: Alexandra Pogacean | May 27, 2019

Blockchain technology is not only related to crypto-currencies, that only scratches the surface of blockchain which has the capability of going far beyond the means of just financial transactions. Even though when thinking about blockchain the first thing that comes into mind is finance, blockchain technology can transform your procurement function too.  Blockchain is revolutionising […]

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Solutions for release management in procurement software

By: Alexandra Pogacean| May 15, 2019

Removing the risk of adverse impacts to your production environment, as a result of new system upgrades, is a priority for effective release management. Release Management services deliver this by managing the activity spikes when upgrades are applied and provides recommendations of new functionality that improve the use of the system. Changes in your procure […]

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Procurement payment terms – part 2 – Opportunities

By: Alexandra Pogacean| April 24, 2019

In part 1 of this blog series we talked about procurement payment terms as a general approach. In the second part of the series we will delve a bit deeper into how optimising your procurement payment terms can significantly improve your overall cost savings. These are the areas to focus on in order to take […]

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Meet the Team – Paul Tempest, Service Delivery Manager

By: Alexandra Pogacean| April 15, 2019

This month’s meet the team section welcomes Paul Tempest, Service Delivery Manager. Paul has been working at Xoomworks for more than a decade and he manages the Operational Procurement Support centre.    1. Tell us about your time/journey in Xoomworks I joined Xoomworks back in 2002 as an Analyst working on a number of procurement […]

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Procurement Payment Terms – part 1 – The Basics

By: Alexandra Pogacean| April 11, 2019

Trying to keep your relationships with your suppliers can be a tricky situation, especially when we are referring to payment terms. Finding a supplier that offers good payment terms can take time. As we live in an ever changing business environment, many procurement departments try to achieve cost savings from negotiating better payment terms with […]

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How to incorporate digitalisation into your payment process

By: Alexandra Pogacean| April 8, 2019

As per the most recent survey done by Deloitte CPOs main interest and goal is still to achieve cost reduction (79%). Their research also discovered seven main areas that are of major interest for high-performing procurement leaders:  Photo credit: The Deloitte Global Chief Procurement Officer Survey 2018 In this article, we’ll try and address the […]

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The Quest for Sourcing Excellence – how to create value and maximise savings

By: Alexandra Pogacean| April 3, 2019
The Quest for Sourcing Excellence

The potential for cost savings and the route to achieving your profitability goals lies in lies in a well-designed, well-implemented procurement process.  But one of the key challenges faced by procurement is lack of time and resource. Poor strategy, tendering, negotiations and compliance come all at a cost. Getting it right means finding ways to […]

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Aligning Procurement Strategy with the Business Strategy (best practices)

By: Alexandra Pogacean| March 19, 2019

Procurement has become a key enabler in the generation of incremental profits and is now  becoming the custodian of third party risk awareness and risk mitigation. This trend has been an evolving journey for over 50 years. In particular, looking back at the statistics post 2008 when the world experienced the global financial crash, organisations […]

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The importance of a successful RFx process

By: Alexandra Pogacean| March 4, 2019

  Before choosing a P2P implementation partner or a P2P software provider your organisation should ensure that you are aiming for the best possible outcome for your needs rather than just the best in breed solution. It is important to be willing to have a real conversation about what the products can or cannot do, […]

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