Procurement Tactics

MARCH 23, 2023

Digital platforms can help the source-to-contract process to be more manageable as it allows for automated bidding, digital purchase orders, online payments, and supplier collaboration. Hosting a bidding process From the shortlist of pre-approved suppliers created in step one, you will need to host an RFx process to get what you need.

Contract 156

Contract Sourcing Purchase orders Bidding 156

Spend Matters

MAY 14, 2025

In addition to Cirtuo, Spend Matters has also reviewed akirolabs and Positive Purchasing’s Capella. one-off bid optimization, etc.) Analyst notes Category management software is still a niche; you can count the number of best-of-breed providers on one hand. and with high-end forward-thinking practitioners.

Category management 109

Category management Spend management Management Sourcing 109

Procurement Tactics

NOVEMBER 14, 2022

A request for proposal (RFP) is a document that contains the description of the project and solicits bids from potential contractors to complete it. This document defines the project, goals, and the organization that sponsors it and outlines the bidding process and contract terms. . Difference Between RFI and RFP. What is RFP?

Bidding 178

Bidding Suppliers Procurement Import 178

SCMDOJO

APRIL 3, 2022

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Spend Matters

FEBRUARY 13, 2025

Procurement got its spend analytics tool and was soon delivering insights that both opened the eyes of the companys leadership and gave Procurement more leeway to implement its next piece of procurement tech: an e-bidding platform to drive more competitive sourcing, enhance the RFP process and drive competitive tension among suppliers.

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

Procurement Tactics

AUGUST 29, 2022

E-tendering is used by many companies as it helps them to find the best suppliers for upcoming purchases at the right price. E-tendering or electronic tendering is the process of using e-procurement platforms to automate solicitation bid tenders and assess suppliers. . Or receive our famous weekly newsletter. What is E-Tendering?

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

Procurement Tactics

NOVEMBER 25, 2022

In particular, General Services Administration’s Multiple Award Schedules (GSA/MAS) purchasing program is known as an almost recession-proof bid since it offers long-term contracts ranging from five to 20 years. Even if you win public sector bids, there are several unknowns going into the next recession.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Arkestro

NOVEMBER 12, 2024

The Limits of Long-Term Contracts and Blanket Purchase Agreements One common practice to manage non-strategic spend is the use of long-term contracts and blanket purchase agreements. This allows procurement teams to set up events quickly and efficiently, pre-populating supplier bid sheets with suggested prices.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Procurement Templates

NOVEMBER 11, 2022

Scope 2 are emissions that a company causes indirectly when the energy it purchases and uses is produced. ukpga/2008/27/contents framework agreement or dynamic purchasing system is greater than £5 million per annum (excluding VAT). The bidding entity is wholly owned by the parent; ? Scope 2 emissions.

Procurement 130

Procurement Bidding Contract Suppliers 130

ivalua

OCTOBER 28, 2022

COVID-19 had closed their vendor liaison office and vendors were no longer able to drop off physical bids in person, nor could they conduct bid opening per their established process. In two weeks, the LADWP was able to stand-up a solicitations solution with a bid drop-box and a vendor self-service portal. A Path Forward.

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

SCMDOJO

MARCH 14, 2025

Additionally, this shift is indicative of a broader trend towards responsible purchasing, aligning government contracts with societal values and aspirations. Electronic bidding and online platforms for submitting proposals will become the norm, reducing paperwork and the likelihood of errors.

Procurement 75

Procurement Bidding Competitive bidding Contract 75

SCMDOJO

DECEMBER 11, 2023

From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. Total Cost: The overall cost of the purchase order, calculated based on quantities and unit prices.

Supply Chain Efficiency 20

Supply Chain Efficiency Purchase orders Procurement Bidding 20

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 87

Procurement Tactics

JULY 21, 2022

A procurement portal is an e-procurement solution or tool that allows you to make your purchasing processes online. Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. E-procurement is the purchase and sale of products or services through a web interface.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Procurement Tactics

JULY 14, 2022

A procurement tender is a document that the supplier needs to complete when bidding for a contract. . Procurement tendering is the process wherein the organization will invite suppliers to submit their proposals or bids. A restricted procedure is usually used to reduce the high number of suppliers that can submit a bid.

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Procurement Templates

MARCH 7, 2024

It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

Procurement Tactics

OCTOBER 18, 2022

It integrates departmental information into a single software platform for you to manage procurement and purchasing tasks. . Although it has business-wide applications, SAP Business One offers purchasing functions such as quotation requests, approvals, and good receipt purchase order updates. ProcureWare.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

ivalua

OCTOBER 29, 2019

Suppliers need bidding and contract transparency. It is one thing to make tenders public, and another to offer suppliers visibility into the end-to-end bid management process and final award decisions. Without contextualized understanding, people can easily – and unnecessarily – become concerned.

e2e 113

e2e Procurement Bidding Contract 113

Spend Matters

JANUARY 23, 2025

This is a cost to the organization on top of the hard cost required to evaluate, purchase and operationalize an accurate, vetted dataset for the many categories a typical company might be buying.

Price 107

Price Negotiation supply chain software solutions Supply Chain Optimization 107

ivalua

FEBRUARY 10, 2023

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. With Ivalua, you can quickly access spend analysis tools to identify areas for cost savings and benchmark current prices against market trends.

Price 264

Price Strategy Sourcing Real-time Visibility 264

SCMDOJO

JULY 28, 2022

The purchasing department purchases different types of goods and services. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices.

Suppliers 131

Suppliers Bidding Purchasing Quality 131

ivalua

NOVEMBER 29, 2021

To summarize, tail spend is commonly labeled as the money a company spends on purchases that accounts for roughly 80% of total transactions, making up about 20% of the company’s spend by volume. Result is a spend cube – an analysis, at the line-item level, of global spend, telling you: What was purchased; .

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

Procurement Tactics

APRIL 25, 2023

As consumers are becoming aware of their part in society, their concern about how their purchasing affects the environment is increasing. It shows that businesses are aware of their responsibilities in saving the planet and consider it before making purchasing decisions. CERTIFICATE COURSES Related courses about this subject 1.

Sustainability 168

Sustainability Procurement Ethics Supply Chain Efficiency 168

Procurement Insights

MARCH 16, 2025

Contextualized Spend Analysis & Cost Optimization AI models use MCP to remember previous spend categories, budget constraints, and organizational purchasing behavior. MCP ensures that AI remembers preferred bid evaluation metrics , supplier preferences, and prior negotiations.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Templates

OCTOBER 28, 2023

The 3 Quotes Process, also known as three-bid procurement, is essentially a structured way of shopping around for what you need from suppliers, similar to how a price comparison site might operate. This is where the Three Quote Procurement Process comes in.

Competitive bidding 130

Competitive bidding Bidding Price Suppliers 130

Procurement Tactics

JANUARY 13, 2023

Additionally, procurement can be done through direct purchase, competitive bidding, or tendering process while ensuring that the delivery of supplies is on time. Procurement is usually associated with businesses as companies need to purchase goods or services in order to run their operations. . Strategic sourcing manager.

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

ivalua

JULY 11, 2022

Automated Bid & Buy: Empower users to conduct simple and automated spot bids from within a purchase requisition. Supplier Communications: Efficiently communicate via bulk email campaigns to all or select groups of suppliers, including sub-tier suppliers with visibility into the results (opens, unreads, etc). Procure-to-Pay.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

Skill Dynamics

DECEMBER 18, 2024

Unusual vendor behavior such as the consistent submission of suspiciously high bid values or constantly changing bank details are cause for scrutiny. Inconsistencies between purchase orders and invoices are another thing to watch for.

Risk 52

Risk Strategy Supply Chain Efficiency Procurement 52

Jaggaer

FEBRUARY 5, 2025

emergency purchases and b.) those purchases which do not have a significant impact on operational continuity or the bottom line. For example, one factory or department might make a quick purchase to meet an urgent need, while a broader opportunity exists to consolidate spending across business units and source strategically.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Templates

APRIL 5, 2024

– Provides transparency and equal opportunity for suppliers to bid. Dynamic Purchasing System (DPS): – Similar to framework agreements but allows for new suppliers to join at any time. Options for Procurement Route: a. Open Tender: – Suitable for large-scale projects with a wide supplier base.

Bidding 130

Bidding Negotiation Contract Suppliers 130

Claritum

FEBRUARY 4, 2020

Problems can arise when bespoke requirements are purchased directly by employees throughout the organisation or just “passed through” by overworked buyers who have no time to deal with the suppliers. This can result in products and services being purchased across the organisation with no consistency of supply, sustainability or quality.

Purchasing 47

Purchasing Sourcing Supply Chain Efficiency Suppliers 47

Jaggaer

DECEMBER 5, 2024

The Takeaway for Procurement: AI can automate repetitive tasks, like processing purchase orders or evaluating supplier bids, freeing up teams to focus on strategic priorities. In fact, 36% of companies in the report are focusing their investments on AI, recognizing its potential to automate processes and improve decision-making.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Supply chain 52

Procurement Tactics

AUGUST 30, 2022

Electronic procurement or e-procurement is the process of acquiring, ordering, and purchasing goods and services online. . When electronic procurement is implemented properly, it opens the lines of communication between the organization and the supplier by creating a link and facilitating interactions like bids, emails, and purchase orders.

Procurement 130

Procurement Supply Chain Efficiency Purchasing supply chain software solutions 130

Planergy

FEBRUARY 24, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Procurement in education is far more than simple purchasing. These purchases directly impact student learning and institutional performance. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Tactics

JULY 17, 2022

In addition, it regulates the purchasing of the public and private sectors. The steps that organizations take to carefully select and purchase goods or services remain as important as ever. . In the past, it has been used synonymously with purchasing. Procurement Law — The Ultimate Guide of 2022. What is Procurement Law?

Procurement 130

Procurement Contract Purchasing Negotiation 130

Procurement Tactics

NOVEMBER 16, 2022

In 2005, Amazon announced Amazon Prime as a membership service offering free two-day shipping within the United States for all eligible purchases for an annual fee. AWS allows companies to purchase storage space to host a website or to run a huge database. . Since then, the company’s motto has always been “get big fast”. .

Procurement 184

Procurement Inventory Bidding Suppliers 184

Procurement Software

JULY 18, 2023

When you think of the best purchasing software solutions for SMEs, or procurement tech in general, you probably think “expensive” This list of 15 procurement tools specifically targeted to smaller and growing businesses will prove it’s not so. How do you define an SME? Procure-to-Pay (P2P) 3.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52