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Transaction support services – Does your organisation need it?

By: Alexandra Pogacean | June 20, 2019

Developing world class procurement with a clear path to a commercially mature function delivers collaborative, digitally enabled, procurement services for a variety of industry and sector specific transformations. Having a clear end to end remit that elevates procurement’s broader value proposition, will maximise shareholder value, drive profit enhancements, mitigate strategic risk, provide visibility and control […]

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Why the CPO should strengthen its relationship with the CIO

By: Andrada Sabo| June 10, 2019

Within an organisation, procurement is responsible for the buying of goods and services in the best possible conditions whilst also ensuring cost optimisation and savings; whereas IT is responsible for automating processes by ensuring the best technology infrastructure is in place, both hardware and software. Even by reading this sentence out loud you can spot […]

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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 eProcurement 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 – part 3 – Top tips for driving better results from your procurement sourcing

By: Andrada Sabo| March 22, 2019

In part 2 of this blog series we uncovered the 6 steps companies need to follow in order to get a good understanding of their strengths and weaknesses when it comes to their current sourcing process. We want to first just put it out there: It’s OK to have weaknesses. All the successful organisations have […]

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