August 2020  -  Vol.3, Issue 8
, Welcome to the August ProcurePro Newsletter!
 
As September and a new school year approaches we wish those with children a smooth transition back to a safe school year.
What Is Virtual Procurement - 2020? 
 
This article was originally published in 2018 and has been updated for 2020 and the new realities businesses must face and the evolution of “Virtual” Procurement.”
 
Any of this sound familiar?

“With the pandemic, our team is working virtually, focused on helping our customers, trying to generate revenue while struggling to cut costs.”

“Our contracts were negotiated pre-Covid-19.  We know our business has changed dramatically and our contracts need to be updated but we are too busy focusing on driving revenue.”

“We are too small and can’t afford to hire a full-time procurement person. We are too busy to focus on procurement.”

 “We hope for good prices, but we are forced to just accept what suppliers offer. We are leaving hard earned money on the table.”

“Contracts are stored in someone’s drawer or lost, never to be seen again. Contracts often expire leaving us scrambling.”

If any of these statements resonate with you, please keep reading. 

Procurement in Canada - Circa 2000

In Canada, many large corporations realized in the early 2000’s, that they needed to do more to control their costs.  Many began looking harder at their expenses, how they were buying, often tactically without leveraging their full procurement power; and began centralizing the Procurement function rather than leave it to each individual department to buy on their own.  The value of Procurement was just starting to be understood.
 
To read the full article click here.
Customer Testimonial - Girls Inc.
To read the full testimonial click here
Kate Smaje: Why businesses must act faster than ever on digitization
 
Procurated for you: McKinsey & Company
 
August 12, 2020 Throughout the pandemic, we've been talking about how COVID-19 will transform the future of business at large, as well as industries from food, insurance, and hospital care to parcel delivery and packaging.
 
Read the whole article here
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Top 100 Canadian Professionals Magazine

We are so proud to share that our very own CEO, Jill Button has been featured in the upcoming “Top 100 Canadian Professionals Magazine”!

Check out her profile by clicking here.

 Friends of Ontario Tech 

As we head into a new school year consider supporting our students at Ontario Tech by making a donation to the Student Relief Fund.  

ProcurePro Webinars & Workshops 

Join the ProcurePro team on Thursday, September 17th for Negotiations Bootcamp!  

In this session you will delve deeper into the art and science of negotiations.

Learn from negotiations expert Jill Button how to:

  • Create a Negotiations Strategy
  • Obtain a "License To Negotiate" from your executive sponsor or client
  • Understand the subtleties of body language and the environment
  • Negotiations tactics and counter measures

All attendees will receive session materials, recording and a Certificate of Completion.

Space is limited so register today! 

REGISTER HERE

PRE-REGISTER FOR FUTURE WEBINARS & WORKSHOPS

Please see our new Events Page for upcoming Webinars and Workshops and information on Past events!  

ProcurePro Events

Please ensure you identify which webinar/s you are pre-registering for.

 

ProcurePro would love your feedback!
 
Are there Procurement and Supply Chain topics you would like to see more information and articles on? 
 
Would you like to collaborate on a feature article? 
 
Let us know how we're doing!  Send us an email to info@procurepro.ca  
Questions?
 
Please email us at info@procurepro.ca or visit our website. We're always happy to talk or answer any questions you may have about procurement, competitive bids, negotiations and more.
Call us at: 416-505-8698
 
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