Remove Bidding Remove Buyers Remove Strategic sourcing Remove supply chain software solutions
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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. Buy fair trade, organic, and locally sourced goods whenever possible. Purchasing interacts mainly with suppliers.

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Are you a Supply Chain Visionary Vick or Laggard Larry?

ivalua

Recently I attended a conference for Strategic Sourcing in the medical device manufacturing sector. The latter is of particular importance since second sourcing can often be very expensive in this sector. When the supply base is limited, being the customer of choice is essential. Time is Money. Settle no more!

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How to break a cartel in Reverse Auction process

Empowering CPO

If the supplier is offering inconsistent prices, suspiciously high prices or there is a huge difference in price of winning bid and other bids, surprisingly similar prices between bids, fewer bids for a particular market or suspicious subcontracting agreements, then it should trigger an alarm for you.

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RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sourcing Supply Chain Management. RFX – request for X – can refer to any request a buyer issues a vendor – thereby applying to any of these documents. Download Free Copy. Written by.

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Using a Bot for Spot Ocean Freight – Alan Holland from Keelvar

The Procuretech Podcast

Given the current supply chain crisis and geopolitical instability, what better time to speak to a guest from a unique eSourcing solution? He explains a win/win situation here - with both buyers and suppliers benefiting from richer, more detailed data. Optimising spot sourcing, as opposed to long-term tenders.

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How effective Tail Spend Management can drive cost savings

Procurement Software

Direct materials that go into the production process are strategically sourced. 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. Implement a competitive bidding policy.

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How effective Tail Spend Management can drive cost savings

Procurement Software

Direct materials that go into the production process are strategically sourced. 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. Implement a competitive bidding policy.