Insights by Nitor

Nitor to Deliver Procurement Transformation for State of Maryland

Posted by Jaideep Mulchandani on Mar 14, 2019 9:28:22 AM

CLEVELAND, March 14, 2019 /PRNewswire/-- Nitor , a leading transformation services firm, has been awarded the contract by the State of Maryland for a new statewide e-procurement system, eMaryland Marketplace Advantage (eMMA).

“With the addition of this e-procurement system, Maryland is taking a significant step forward in the way we do business,” said Governor Hogan.

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Topics: procure to pay, procurement consulting, procurement technology

Blockchain Will Radically Disrupt Your Supply Chain: 4 Steps To Take Now

Posted by Lynn Barras on Apr 28, 2017 12:42:21 PM

This article was first published by ForbesBrandVoice at https://www.forbes.com/ on April 20, 2017.

Blockchain epitomizes network-centric business, and procurement departments must take the lead exploring its possibilities for supply chain disruption. “Blockchain will radically change how we drive transactions and what procurement does as a profession,” said Robert Kain, Principal Consultant at Nitor Partners. “Being able to create and connect the networks that allow things like digital and mobile payments, bitcoin, data analysis, financial platforms and crowdfunding will create a much faster and secure world where who you are and who you’re dealing with are completely visible.”

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Topics: procure to pay, procurement consulting

Are You Ready?

Posted by James Fiore on Jan 4, 2017 9:51:33 AM

The world of Procurement, including the different technologies, methodologies and strategies will continue to evolve and have a significant organizational impact in the coming year.

Staying abreast of the latest trends and offerings will differentiate best in class organizations from those that fall behind.

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Topics: procure to pay, procurement consulting

Oil & Gas: How 2016 Events will Impact Procurement in 2017

Posted by Sean Sollitto on Dec 13, 2016 11:17:29 AM

Throughout 2016 there were many significant events that shaped the current state of the Oil & Gas industry.  As the price of oil continued to plunge, world events hinted at a very slow recovery in the sector. Projects were put on hold, headcounts slashed, but production seemed to continue unabated. Some of the events that have had or will have a major impact in this space are:

 - "Brexit" shook up the EU, continued financial chaos in Italy and Greece, and a general fear of the unknown led to declines in European markets. These events drained demand for oil, putting increased downward pressure on crude prices.

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Topics: procure to pay, procurement consulting, oil & gas

Finding Opportunities In Spend Analysis

Posted by Gary Stoddard on May 24, 2016 10:14:05 AM

 

In Western astrology, it is believed the universe is formed by four Elements: earth, air, fire and water. 

 Each of the four contains its own unique and beneficial properties within itself and when they work together they create one perfectly formed universe.

The same is true with the Source-to-Pay environment.  Each Element is individually important and valuable to create and /or deliver value. However, when all the Elements across the Source-to-Pay spectrum work together, a holistic and integrated best-in-class Procurement organization is enabled. 

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Topics: Spend Analytics, supply chain management, procure to pay

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