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Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement

Supplier Onboarding
Supplier Management

Create the Ultimate Supplier Onboarding Process

September 15, 2022 The oboloo Team

How to Create the Ultimate Supplier Onboarding Process Developing relationships with new suppliers is key for supplier onboarding. It is possible to lose valuable business and sacrifice profit margins without a clear system in place for onboarding and developing these partnerships. A smooth start to your partnership can be achieved by onboarding your suppliers before you begin working […]

Communication network
General Procurement

What is Procurement Transformation?

September 13, 2022 The oboloo Team

What is Procurement Transformation? Procurement transformation takes time. Any change in a business’s strategy and structure requires co-operation from all stakeholders. To ensure that everyone is on the same page and the process runs as smoothly as possible, it is important to develop a detailed procurement transformation roadmap. Procurement Transformation Steps To avoid falling behind in the […]

Contract compliance
Contract Management

Contract Compliance – Avoid Contract Non-Compliance

September 6, 2022 The oboloo Team

Contract Compliance – How To Avoid Non-Compliance Of Your Supplier Contracts What is Contract Compliance? It is when a party in a contract doesn’t fulfil its obligations, it is considered non-compliance. An example of non-compliance is a third-party supplier failing to deliver goods or services that are specified within a contract. Non-compliance of contracts should worry you. […]

Negotiate Supplier contract
Contract Management

How To Carry Out Contract Negotiation With Suppliers

September 1, 2022 The oboloo Team

How To Carry Out Contract Negotiation With Suppliers Contract Negotiation is a key element for any procurement, commercial or legal department. Unfortunately, far too often supplier contracts do not run as smoothly as they should. A lot can go wrong, such as delivery issues, payment problems, unexpected market changes, uncontrolled price escalations and miscommunications. Well executed […]

Strategic Sourcing2
Sourcing

How Does Strategic Sourcing Work?

August 31, 2022 The oboloo Team

How Does Strategic Sourcing Work? The aim of strategic sourcing is to ensure the timely delivery of goods and services in line with an organisation’s business objectives, while reducing supply chain risks and costs. This activity requires collaboration across the company’s various divisions. How Does Strategic Sourcing Work? Organsations create the best strategic sourcing model for their business […]

Strategic Sourcing
Sourcing

What Is Strategic Sourcing? – Definition

August 25, 2022 The oboloo Team

What Is Strategic Sourcing? – Definition An organization can take advantage of its consolidated purchasing power and use that to find the best value in the marketplace as well as align its purchasing strategy to meet the business goals of the organization by using strategic sourcing, an approach to supply chain management that formalizes the way information is gathered and used.  In the context of digital transformation, procurement and supply chain processes are evolving as […]

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