The category knowledge that these tools will draw from to generate their insights currently resides with guys and gals like me.
Best Practices – How to Prepare Your Organization for the Cognitive Revolution.
Penalties and Bonuses – How To Avoid Project Delays and Incentivize Timely Completion.
Punitive delay claims are unenforceable and are likely to be overridden by the courts.
Procurement Corruption – Six Practices Your Company Should Avoid to Prevent Collusion and Corruption.
Even unregulated privately held businesses need to be aware of certain soft practices that may be signs of collusion between their employees and Vendors.
The Future of Construction – How Off-Site Fabrication and Modular Construction Techniques Offer Speed, Savings, and Safety.
OSM construction methods can reduce the cost of construction by 20% and accelerate construction 40 percent ahead of traditional methods.
Third Party Work Breakdown Structures – Why You Need One Every Time You Solicit Construction Quotes.
One of the biggest mistakes I see people make when they solicit the COW is making up their own list of line items.
Pre-qualified Suppliers – Eight Critical Actions for Managing Your Supplier Pool.
This isn't a shortcut to procurement, you still need a scope of work, you still need a bid period, and you still need analysis.
Procurement – A Lesson in How To Make Your Company Profitable.
Pemex migrated from an environment where 80% (62 Billion pesos) of it's spend was awarded under no-bid contracts to one where only 30% of spend was not bid.
Progressive Procurement – Why Your Procurement Policy Needs More Than Just a Savings Target.
Ensuring that your procurement policy aligns with more than just the bottom line will not only enhance the value of procurement, it elevates the value of the organization.
Procurement Strategies for Construction.
This week in the news we find an article from Passenger Terminal Today.com about a request for proposal for a new terminal at Newark International Airport. The story tells us that three joint-venture (JV) firms have been shortlisted for a design-build agreement to build a new Terminal at Newark Airport. The three JV firms feature … Continue reading Procurement Strategies for Construction.
The Value of Procurement.
In a March 7, 2017 article Spend Matters published 3 Ways for Procurement to Prove it's Value (Other than Cost Savings). The article addresses Revenue generation, operational efficiency, and retaining top talent as it's three observations. These three business goals are seldom associated with procurement, but when deployed strategically, I have no doubt that procurement … Continue reading The Value of Procurement.