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How to succeed with eAuctions: An essential guide

Procurement Software

With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. These negotiations take place in real time, with all prospective suppliers at once.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Stakeholders : Procurement involves multiple internal stakeholders across the organization. Purchasing interacts mainly with suppliers.

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An Interview on The Role of Technology in the Future of Procurement with David Yarkin

HICX

After gaining experience, David went on to establish his own business, Procurated , which connects public sector buyers with peer-reviewed suppliers. And yet, the process allowed this company to be picked because it didn’t provide visibility to the procurement people about that supplier’s poor track record in the past.” .

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How effective Tail Spend Management can drive cost savings

Procurement Software

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Of course, procurement software can help you to achieve all of these much faster. Forcing clunky software or even worse, an archaic ERP system, onto them isn’t going to make you many friends.

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How effective Tail Spend Management can drive cost savings

Procurement Software

Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. Of course, procurement software can help you to achieve all of these much faster. Forcing clunky software or even worse, an archaic ERP system, onto them isn’t going to make you many friends.

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Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Effective modern procurement requires end-to-end process tracking to both view and control the costs, sourcing, quality, and delivery times associated with acquired goods and services. Supplier KPIs Suppliers, by definition, comprise a crucial link in your supply chain. After all, your shortages are their problem, as well.

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7 Best Procurement Tools to Streamline Your Business Processes

Pipefy

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. E-procurement software automates an organization’s entire procurement cycle and integrates it into other systems. What are e-procurement tools?