procurement

Companies striving for net-neutral climate impact find common clean energy procurement strategies largely ineffective in the U.S., according to a Princeton-led study. However, an hourly matching approach—procuring clean energy in real-time to match consumption—significantly reduces emissions, unlike the common annual matching strategy which fails to impact long-term emissions.In the pursuit of attaining a climate-neutral impact, numerous businesses are opting to purchase extra electricity from renewable energy sources.…

Influencing compliance spend. Procurement professionals aim to balance employees’ freedom to purchase the items they need with minimal intervention. However, self-sufficiency should not come at the cost of proper spend management, productivity, and policy compliance. “There’s always a healthy tension between how a company ensures they have the right controls and oversight but also enables a federated spend model,” says Scully. Fortunately, she says, “AI can offer huge value” in alerting procurement teams to any “outliers”…

Handaxes from Gesher Benot Ya'aqov tested geochemically. Arrows indicate the striking of flakes sampled. Credit: Tel Aviv University A new study from Tel Aviv University and Tel-Hai College solves an old mystery: Where did early humans in the Hula Valley get flint to make the prehistoric tools known as handaxes? The researchers…

What many SEOs underestimate when they get into working for an enterprise company is that there is more to the job than just optimizing the website. Most corporations have strict procurement processes that could be easier to navigate. However, if you, as an SEO, understand this process and are prepared, then it can go smoother.  While my team evaluated some of the top SEO tools used in enterprises, I put in the efforts needed to make the procurement process go as smoothly as possible. I have been through this…

Shoppable Business Chris Blanquera, Sam Blanquera and Carlo Silva Shoppable Business wants to make it easier for businesses in the Philippines to source and procure branded products and other inventory, with an emphasis on making sure products are authentic. The B2B e-commerce marketplace announced it has closed what it says was an oversubscribed pre-seed funding round of $1.15 million. The round was co-led by Foxmont Capital Partners and Seedstars International Ventures, along with angel investors. Shoppable…

There are nearly 186,000 dentist businesses in the U.S., and at any given time, they are replenishing supplies. The process of doing so was traditionally fragmented, with offices relying on between three and seven suppliers, on average. This means someone sits at the computer with tabs open to vendor websites, going back and forth between them, to compare prices and find the best deal. Adding to the issue in recent years was the global pandemic which strained the supply chain and made finding everyday items, like…

Last Updated: May 22, 2023, 17:06 ISTVande Bharat Metro Set to Revolutionize Mumbai's CommuteThe Mumbai Railway Vikas Corporation has announced the procurement of 238 Vande Bharat Metro trains exclusively for MumbaiIn a groundbreaking development, Mumbai is set to witness a transformation in its transportation system with the introduction of the Vande Bharat Metro. This state-of-the-art train system, approved by the Railway Board, is expected to replace the city’s local trains and become the primary mode of…

India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab National Bank, according to the government data. Canara Bank emerged as the largest buyer among the state-owned lenders in 2022-23, making total purchases of Rs 592.82 crore from the portal, the data showed. Punjab National Bank (Rs 164.57 crore) was the second largest, followed by Indian Overseas Bank (Rs 159.82 crore), State Bank of…

Credit: Unsplash/CC0 Public Domain Everybody is a student of "procurement," whether they realize it or not. "It's really what we do every day," said Joe Walden, associate teaching professor of business at the University of Kansas. "When you go to the grocery store, you're there to do procurement. You're finding suppliers,…

Companies pulled back on orders for long-lasting goods for the second month straight in August, a sign of weakening demand as the U.S. economy loses momentum amid high inflation and rising interest rates. New orders for durable goods—products meant to last at least three years—declined by 0.2% to a seasonally adjusted $272.7 billion in August compared with the prior month, the Commerce Department said Tuesday. Excluding defense, new orders were down 0.9%. Orders fell a revised 0.1% in…