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8 Ways to Explain the Value of a Digital Procurement Investment

Defining and demonstrating ‘value’ is a constant challenge for procurement professionals. Whether you’re making a case for more staff or a digital solution, helping senior stakeholders understand the potential benefits of a procurement investment often feels much harder than it should. This article outlines 8 ways to confidently communicate the value of a digital procurement […]

A Practical Approach to Achieving Progressive Procurement Targets

Every public contract awarded to an indigenous supplier brings social benefits that extend far beyond simple goods and services. Jobs are created, communities are strengthened, and indigenous businesses get the opportunity to grow in size and capability. It’s this insight that has led to the New Zealand government’s progressive procurement target, which requires all public […]

5 Steps to Transforming Your Council’s Contract Management

After experiencing time-consuming manual processes first-hand, most council procurement teams don’t need to be convinced of the need for an efficient contract management solution. Convincing other decision-makers in your council, however, isn’t easy. Most won’t realise the value of such a significant investment unless you explain it to them carefully and in terms specific to […]

How to Digitise Your Journey to Sustainable Procurement

Good procurement was once a case of simply sourcing the right goods and services at the lowest possible cost. These days, however, businesses are realising that choosing the right suppliers can have positive impacts beyond operational cost-cutting. This is the thinking that informs sustainable procurement, defined in ISO20400 (Sustainable Procurement Guidance) as “procurement that has […]

What Good Risk Management in CLM Looks Like

Risk management is key to contract lifecycle management (CLM) success, but its complex negotiations and administration processes mean the constant danger of costly mistakes. However, an effective and flexible risk management plan can eliminate mistakes and forgetfulness, meaning you can make more strategic decisions by avoiding your contracts just rolling over automatically. Let’s take a […]

The Top 5 Immediate Impacts of Implementing Digital Procurement

In 2021 and beyond, digital procurement systems are giving procurement teams the power to play a larger strategic role in accelerating business innovation and maturity. Through artificial intelligence and robotic process automation, digital procurement frees up employees’ time so they can focus on long-term initiatives and strategic activities. It can also take organisations to new […]

How Procurement Can Drive Change For New Zealand’s Maori & Pasifika Business Sector

Procurement departments are used to scrutiny when it comes to securing value for money but, these days, social procurement initiatives mean their dollar is expected to make a positive community impact beyond simply purchasing goods and services. This is particularly relevant in New Zealand, where the federal government has set the target of devoting 5% […]

MAV: Climbing the value curve with Portt

MAV Procurement (a not-for-profit team devoted to achieving better procurement outcomes for local government in Victoria) has joined forces with Portt to help organisations reduce costs, simplify processes, improve services, and deliver better results for communities and councils. Selecting a Procurement Partner When seeking out a potential procurement partner, MAV desired a number […]

Benefits of procurement automation

If you work in procurement, you’ve likely heard the saying that effective procurement management is about ‘procuring the right item at the right time from the right vendor at the right price’. In order to make these complex decisions simpler for staff, automation is taking organisations from tedious manual operations into the world of highly […]

Supplier Due Diligence

Supplier due diligence – simplified. Make supplier due diligence an ongoing and seamless part of your procurement process with Portt Discover. Get dynamic risk profiles for each supplier, automated reviews and approvals, and standardised supplier data for thorough risk management. Get started with Portt Ongoing supplier risk management, without the hassle. A master database of […]

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