n today’s competitive market, e-tendering is a powerful solution for procurement teams aiming to streamline vendor selection, ensure transparency,...

In today's rapidly evolving business environment, procurement is a critical function that directly impacts a company's bottom line. However,...

In an ever-evolving global market, procurement has become more than just purchasing goods and services—it's about strategic partnership, risk...

In the dynamic landscape of modern business, agility and adaptability are paramount. As companies strive to thrive and remain competitive, ensuring a...

In today's fast-paced business landscape, the Request for Proposal (RFP) process stands as a cornerstone for organizations seeking to procure...

Bank auctions have emerged as a lucrative avenue for acquiring properties at competitive prices. Be it a residential space or a commercial venture,...

According to the market research report by Fortune Business Insights, product life cycle management (PLM) market size stood at USD 16.76 Billion in...

According to McKinsey, most businesses lose up to 4% of their overall external spending due to high transaction costs, inefficiencies, and...

According to a survey, businesses lose between 2 and 3% of their external spending on pointless transaction fees, noncompliance with regulations, and...

Machine learning will be used for the supply chain management for procurement solutions to manage the entire business to ensure to supply of a product...

In our customer satisfaction survey, we reported 94% overall customer satisfaction. 95% of responders were highly likely or likely to recommend our...

As we are now well-versed with the concept of supplier management and its various aspects. Let's straight away dive into the standard best...

Large enterprises deal with numerous suppliers in today's business world. A lot of companies engage and depend upon these suppliers for...

Management of the supplier base is deemed to be tricky especially for businesses with a global presence and it’s a challenging task due to various...

All business processes and actions that engage with a supplier's entire lifecycle for an organisation are referred to as supplier management

The scope for development is massive when it comes to building an effective cognitive procurement system but there are various obstacles which can...

Every business has different requirements. No two businesses can leverage the potential of cognitive procurement in a similar way. It’s the...

In today’s world, disruptive technologies are swiftly reshaping businesses to strategize based-on granular level insights, improve growth prospects...

A clear and consistent measurement system that is aligned with the business objectives and measures factors such as effectiveness and efficiency can...

Complex procurement function can cover a wide spectrum of requirements, from the simplest purchasing of supplies to the most complex, with varying...

Regardless of Industry category, enterprise size, or the maturity of procurement practice and discipline, evaluating cost savings remains the top...

In our last blog, we explored and learned about Robotic process automation and its applicability in the procurement process. Our today’s topic is...

In our previous blog, we explored blockchain and how it can transform the procurement industry. Today, we will explore about one of the most actively...

In our last blog, we learned about Machine Learning and its integration with the procurement process. To further explore the upcoming advancements in...

ML and AI’s usage differ from one another when it comes to procurement and both are at different stages of development. Machine learning is a part...

Earlier we learned about Big-Data Analytics and its usage to detect unpredictable patterns, trends, and perform predictive analysis. Data mining...

Enterprises around the globe generate an umpteen amount of data. The raw data when filtered using advanced computing systems to derive meaningful...

Cloud computing is a form of internet-based computing that provides ability and access to store data and programs via device-on-demand with an...

Rapid innovations and technological advancements are reshaping the procurement industry and its functions. These market disruptive developments are...

In the last blog, we discussed the functional overview of e-procurement which includes indent management, inventory management, tender management,...

Negotiation is an inevitable part of the buying process. C1’s Auction Management & Bidding Software allows procurement professionals to automate...

Managing tenders is a very time-consuming exercise and a lot of paperwork is involved. Many rounds of negotiations and documentation with accurate...

In the last blog, we discussed the functional overview of e-procurement which includes indent management, inventory management, tender management,...

Electronic procurement is a business to business (B2B) process of purchasing and selling goods or services over the internet. It offers a highly...

In any crisis, leaders have equal important responsibilities: solve the immediate problem and keep it from happening again. The Covid-19 pandemic is a...

As the world’s economy transitions into one where economic value is created by bringing about disruption, and consequently behavioral change,...

In simple words, Electronic procurement is a business to business (B2B) process of purchasing and selling goods or services over the internet. It...

In recent times cloud has been an integral part of turning big data into meaningful insights. Cloud-based data management has made it easier for...

The digitalization of procurement is ripe for growth. Embracing new technologies creates a supplier network, optimizes the framework, helps in...

Ubiquitous, mobile supercomputing, self-driving car, genetic mutation, intelligent robots, and whatnot. The evidence of the evolution of automation...

The manufacturing sector is among the largest and most crucial, complex, and competitive industries in the world. In India, the industry is expected...

It is common practice for small, mid-sized, and large organisations to purchase goods, materials, and services from vendors through e-procurement...

Technology for MSMEs: For a business of any kind, if it wants to survive and stay competitive in the market, it is vital to reduce the costs of its...

By bringing vendors online and automating processes, e-procurement is making business easier than ever. For businesses using e-procurement, erstwhile...

Companies have been transformed by e-procurement. E-procurement has made it much easier for them to procure products from vendors. Before...

P2P suites are sets of integrated solutions with processes that may be called “transactional” or “operational” procurement. They have...

The procure-to-pay suite market is growing rapidly as organizations seek automation and innovation to control spend and improve supplier...

In procurement, technologies’ true purpose is to augment human capabilities by driving workforce capable and enable to interact and work with...

New technologies in procurement are changing the equation by offering innovative prospects for businesses to forecast and respond more efficiently to...

Many decision-makers regard ROI as the only most important factor in an e-Commerce platform purchasing decision. It’s important to understand that...

An online B2B marketplace is where both buyers and sellers can engage in digital commerce. Like popular B2C marketplaces – Amazon, eBay, and Etsy, a...

Supplier Relationship Management forms a key part of the procurement cycle. It is an integrated approach, addressing both the buyer and seller sides,...

Taking note of the fact that we are in the age of Facebook, You Tube and Twitter, digital technology should be adopted by various authorities and...

Imagine you are throwing a party and negotiate a 20 percent discount on the food, but spend the money saved on extra four crates of beer. You can...

Business managers are under constant pressure to reduce costs and increase productivity. If the idea of a budget report fills your department heads...

Over the year procurement has transferred from a calculated purchasing function to a high significant strategic partners to its organizations and this...

Small and mid-sized companies are generally late to the procurement technologies as they cart a multitude of demands like staffing, financing,...

All organizations make purchases and all suppliers need paying. So it is logical and essential that the data received from procurement and accounts...

Digital procurement gives decision makers better discernibility, reduces risk, and boosts compliance—ultimately increases spend under management and...

Digital transformation is a buzz word on everyone’s lips these days, and it is closely associated with words like block chain, internet of things,...

e-Procurement software is a strategic and beneficial choice for almost any organization, one that is sure to increase efficiency in procurement...

If the thought of moving to an e-Procurement process gives you chills, you’re not alone. Everyone that is in the industry will tell you that it is a...

Artificial Intelligence (AI) in procurement is transforming industries and becoming the most disruptive business trend. It has provided a more...

Digital procurement transformation is an indispensable approach to procurement process engineering that seeks to harness the full transformative power...

Procurement is no more a personality-centric function. The changing expectations and the advent of digitization has given birth to a growing vision of...

When we think about procurement, we all follow traditional methods. But the era of e-procurement is here and gaining importance these days, question...

e-Procurement is a way to manage purchasing in an organization electronically. This opportunity offered by digital technologies to make deep...

Here at C1 Global, it has been our commitment to deliver safe, secure and reliable tendering and auction solutions. Every portal developed by us...

Public Sector Banks (PSBs) have been reeling under the pressure of ever increasing burden of Non-Performing Assets (NPAs). Non-Performing Assets...

SaaS stands for Software-as-a-Service. In this model, any particular application is delivered as a service over the internet. It eliminates the need...

E-Sourcing is the foremost component of an e-Procurement solution. Sourcing basically refers to the entire process of finding and subsequently...

In this Digital Age, every business is trying to reap the benefits of Information Technology to the fullest. The Internet has enabled businesses to...

In April this year, Ministry of Petroleum and Natural Gas mandated e-Tendering for oil PSUs under its ambit, for tenders of value above Rs. 5 Lakhs....

What happens when procurement managers go rogue? They try to act as mavericks and reach out to suppliers that aren’t a part of the company’s list...

India’s Internet users base has reached 354 million, registering 17% growth in first 6 months of 2015. This increase in the number of internet users...

E-Sign service has been launched under the Digital India initiative of Government of India. This ingenious service would enable Aadhaar holders to...

Creativity is the most essential component for any business to flourish. There is absolutely no denying to the fact that creativity drives success in...

Price discovery of natural resources is a complex process altogether and requires stringent methodology. The price of natural resources is, to a large...

The Jamaican Government launched its nationwide e-Procurement system on July 31st according to the reports of the Jamaican Observer. Ministry of...

With the advancement of technology and computerization, the conventional paper and pen based signatures are being replaced by Digital Signatures as...

According to a report of Ministry of Agriculture, as much as 3313 farmers in India took their own lives in last three years due to agrarian reasons....

Prime Minister Narendra Modi flagged off the ‘Digital India Week’ on 1st July at Indira Gandhi Stadium, New Delhi to endorse the government’s...

The Digital India programme was launched last year by the Modi Government. The thrust of the programme is on 3 key areas – providing digital...

Taking part in a Bank e-Auction is a very simple process. Initially, the properties are listed on our website https://www.bankeauctions.com. All...

Choosing when to leverage Reverse e-Auction is critical to e-Procurement Strategy. At a time when Global Heads of Procurement are turning towards top...

As procurement professionals, you must have faced challenges arising out of cartelization, collusive bidding, abuse of dominance and competitive...

Public procurement in India accounts for close to 30% of India’s GDP. This is a whopping figure and hence a major area that went ignored for too...

At C1 Global we have been a firm believer in web-auctions for not only running streamlined, efficient and transparent systems for procurement &...

Government of India has announced an interesting policy update. In its endeavor to transform India into a Digital empowered nation, government has...

The Jamaican Government launched its nationwide e-Procurement system on July 31st according to the reports of the Jamaican Observer. Ministry of...

For those working in government enterprises, a comprehensive appreciation of the e-Procurement process is of utmost importance because the government...

Simple as it may sound, however, it is a very profound question that as head of Procurement one might like to ask – what all can be sourced through...

Organizations – small or large have shown keen interest in taking up Reverse eAuctions to drive down the cost of procurement and increase the...

Our esteemed clients often consult us on how to go about auctions. Auction, by the very word, does induce excitement. However, achieving business...

It is absolutely important to select a right auction variant when going for an e-Auction to achieve business objectives. Understanding which auction...

e-Governance is the new buzzword. ‘e-Governance in India’ as on today, throws more than 33 million searches. At a time when India is positioning...

At C1 Global we are driven by what we do and how it adds value to the entire community. We take immense pride in being the Auctioneer for FM radio...