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22 articles on Procurement.
As the effects of climate change continue and scientific communities around the world urge citizens and businesses alike to make more eco-friendly decisions, more organizations are prioritizing net-zero emissions. However, doing so is a huge undertaking that many capital procurement teams are unpr
As data volumes and complexity grow, procurement professionals increasingly recognize the need for accurate and transparent data management. This is essential for managing equipment flow, selecting suppliers, negotiating contracts, and mitigating risks. Data has long been a problem for procurement,
Businesses across the globe are setting more sustainable and environmentally focused initiatives. However, even though 90% of business leaders think sustainability is necessary, only 60% of companies have a sustainability strategy in place to move the needle. The United Nations released the 2030 A
Requis recognizes the importance of building a platform that easily connects with your existing technology solutions. Leverage our API and App Store to banish data silos. After years of using legacy programs that leave much to be desired, forward-thinking procurement leaders are recognizing the impo
Requis’ Public API resolves data silos and provides Energy, Construction, and Manufacturing industries a way to connect relevant data for reduced risk and higher ROI. Data is the lifeblood of any capital procurement project. No matter the industry, the ability to source suppliers and materials usin
As humans continue to smash through our planet’s safe environmental limits, The Circle Economy’s 2023 Circularity Report acts as an urgent call for a change in global material consumption. Understanding Current Circularity Issues After years of research, report authors offer several measures that
The construction industry lost $1.84 trillion due to insufficient data used in decision-making. Requis’ API creates a digital bridge between financial, asset management, and procurement technologies used by energy and resource operators and engineering and construction companies. The API transfers i
In an episode of Supply Chain Next, Humberto Olivo, Managing Partner at Volpi Ventures LLC, discusses investing in new technologies for a sustainable world. When asked how he found his way to sustainable investment, he stated, "My background is in the financial sector as a trader, investment banker,
In today’s marketplace, suppliers can use collaborative relationships and digital platforms to shift from a cost-reduction focus to build-value cultures. In the global marketplace, traditional procurement processes are not efficient. Remote work and an increase in digitization have radically change
A recent PwC Global Digital Procurement survey reported that over 50% of responding companies struggle to leverage their procurement data. Consequently, many organizations are reevaluating their supply chain and sourcing systems, including risk management, cost reductions, strategic sourcing, and tr
Enterprises need a KPI that transforms supply chains to be more circular in resource consumption and management — the Circularity Ratio is the answer here's why. The circularity ratio is the latest KPI that can revolutionize the circular economy. Similar to the power usage effectiveness (PUE) metric
Requis has launched an educational webinar series, NetworkED, to provide valuable information for its community. Sustainability is a tough conversation. However, innovators, Tradewater and Requis are empowering businesses to attain sustainable supply chains and reduce their carbon footprint. As pa
Globally, organizations are investing significant resources to become carbon neutral. By definition, net-carbon zero includes reducing the entire enterprise’s carbon footprint. Consequently, carbon—management accounting associated with procurement is a challenge and requires rethinking supply chain
Companies are under pressure to improve their ESG performance to investors, the government, and the public. Besides environmental practices, ESG initiatives include developing supplier diversity programs. Such policies address creating supply chain and procurement plans with diverse groups, such as
The largest decarbonization project in Europe is following a sustainable approach. Drax, the leading UK provider of biomass-based electricity, submitted plans to construct the largest bioenergy with carbon capture and storage (BECCS) operation at its North Yorkshire power station. Working with its e
After years of buying and trying single-vendor software suites, organizations realize these options fail to deliver the desired results, especially in procurement and supply chain management. Legacy software attempts to do “everything for everyone” across the enterprise but the impact is users' prod
As part of Supply Chain Week 2022, Esther Chan, Senior Manager of Global SCM of Requis, led a lively panel discussion with end users and technology providers about digital supply chain management developments. Ms. Chan opened the session by asking the panel, “How are industry leaders approaching dig
Requis’ software improves RFX and ESG reporting for supplier qualifications and other product enhancements As companies adopt more digital technologies, project and supply-chain managers still encounter productivity barriers, including: Lack of transparency of partners and suppliers Outdated informa
COVID-19 exposed the grave weaknesses present in supply chains. Consequently, project managers, supply-chain management, and compliance groups are searching for ways to strengthen supply chains and minimize risks from material shortages, dependency on overseas suppliers, and geopolitics. At Requis,
Weighted score capabilities are now available on Requis’ Sourcing platform. Requis has rolled out a new feature that allows weighted scoring prioritization to compare suppliers and contractors to set up corporate supplier scoring and understand the delta between projects and corporate-level activit
In sourcing, what is becoming more important is not just the product itself, but also the time for delivery, circularity, reduction of project schedule and overall time on the tools.
Here are seven key ways that business platforms differ from consumer platforms.
Find out how Requis aligns financial and environmental targets for both buyers and sellers for capital projects.
