ivalua

JULY 21, 2021

“Partnering with Consus Global and our successful deployment of Ivalua will accelerate our progress in supply chain optimization at REV Group by applying a powerful toolset of data, supplier management, and competitive bidding capabilities to our team,” says Rob Vislosky, Chief Supply Officer of REV Group. “We ABOUT IVALUA .

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. It is a common type of tender that stimulates competition and minimizes discrimination. It is a transparent procurement process that allows fair competition for competing contractors and suppliers.

Bidding 197

Bidding Suppliers Competitive bidding Price 197

World of Procurement blog

APRIL 23, 2024

It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions. Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions. Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Procurement Tactics

JULY 21, 2022

A vendor portal is an e-procurement solution that allows the organization to arrange and connect to third party suppliers. It is also known in the industry as a supplier portal. . A vendor portal is a secure and safe management system that aids companies to connect with many suppliers to streamline their procurement process. .

Procurement 147

Procurement Procurement solutions Competitive bidding Bidding 147

Planergy

AUGUST 8, 2023

It’s often tedious for many companies, as procurement involves identifying the right supplier and ensuring that goods and services meet organizational needs. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Arkestro

FEBRUARY 6, 2024

Increasing Competitive Bids On the ground in China, in a new warehouse bigger than three football fields, Arkestro is being applied by the organization to succeed in two key outcomes: controlling costs to save money and creating more competitive bids. The results were immediate.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Good Spending

OCTOBER 17, 2021

Competitive bidding may become bad procurement practice The use of competitive bidding remains an established practice. This happens despite the well-known Kraljic matrix recommendation to exercise competitive bidding selectively, e.g., for leverage items. The bidding cost could be as high as 1.2%

Competitive bidding 52

Competitive bidding Bidding Procurement Quantity 52

Procurement Tactics

JANUARY 13, 2023

For many professionals, procurement means the process of identifying, shortlisting, selecting, and buying the necessary goods or services from a supplier. . Additionally, procurement can be done through direct purchase, competitive bidding, or tendering process while ensuring that the delivery of supplies is on time.

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Una

SEPTEMBER 21, 2023

These actions typically involve negotiating better deals with suppliers , optimizing procurement processes, and finding cost-efficient alternatives for goods and services. Here are some cost-saving levers you can pull: Negotiation and supplier management Negotiation skills are at the heart of cost savings. What about the P&L?

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. Some of the solution highlights for state and local solution include: Public Portal: Public catalogs, FOIA & bid protest management, optimized search.

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

Procurement Software

SEPTEMBER 26, 2023

Source-to-Contract is the end-to-end process which starts with performing due diligence on a supplier, and culminates in a contract being approved, signed and implemented. It is predominantly used for the strategic sourcing of critical goods and services from strategic suppliers. What is Source-to-Pay?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

Una

NOVEMBER 29, 2023

Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Arkestro

SEPTEMBER 29, 2023

The software works with real-time and historical data, including user preferences, past buys, supplier performance, and market trends. Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

Supply Chain Game Changer

NOVEMBER 14, 2018

Check out Supplier Collaboration is a Win-Win Strategy! This is clearly not the case in the world of supplier management. All suppliers are not created equally and they should all be managed with this distinction in mind. There are considerably more suppliers at the base than at the top. Basic Construct. All Aboard!

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44

Supply Chain Game Changer

FEBRUARY 23, 2022

You achieve the process via tendering and competitive bidding. Owing to the fact that technology is growing every day, specialists in procurement have a hard time choosing what will be a sustainable standard for technology that will both have a positive effect on IT procurement and also, be of advantage to the supplier.

Procurement 90

Procurement Competitive bidding Purchasing Procurement team 90

Una

NOVEMBER 14, 2022

Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. By the 1980s, supplier competition allowed procurement organizations to focus on supplier quality and dependability. Yet, many still hesitate to make the evolutionary jump.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

The Good Spending

JUNE 22, 2022

The actual cost of the bad procurement process Bad procurement concerns poor planning, untimely delivery, inflated product cost, failed supplier relationships, and many more. Earlier, we provided some bad procurement examples by researching t he RFP procurement process's cost , which can outweigh the benefits of competition.

Procurement 52

Procurement Competitive bidding Bidding Negotiation 52

Pipefy

MARCH 6, 2023

Phase 1 – Defining needs Phase 2 – Supplier selection Phase 3 – Order management Phase 4 – Purchase evaluation Phase 5 – Supplier management Phase 1 – Defining needs During this initial phase of the procurement cycle, the focus will be on determining what is needed — and when.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

Supply Chain Game Changer

APRIL 28, 2020

Only one supplier is awarded business for a particular component, part or material even though there are other suppliers that can provide that same supply. Single source decisions are usually the result of a quotation or bidding process after which all candidate suppliers are narrowed down to one.

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

Zycus Cognitive Procurement

JULY 6, 2022

However, a robust indirect procurement team can help the company avoid pitfalls such as supplier disruptions or costly contract breaches. Stakeholders may fear that procurement could impact personal relationships developed with suppliers. They don’t want to use well-defined competitive bidding or auction processes.

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

Procurement Software

MARCH 11, 2022

Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal. This can usually range from suppliers with an annual spend below $100k to $1 million.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Yes, Supplier Relationship Management (SRM) , supplier partnerships, and deeper collaboration with core vendors will deliver ongoing value over the long term and are an absolutely essential piece of ammo in every large organisation’s arsenal. This can usually range from suppliers with an annual spend below $100k to $1 million.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

APRIL 18, 2023

This ensures they get the best deal possible with their suppliers. These negotiations take place in real time, with all prospective suppliers at once. This involves suppliers competing in sequential bidding. This saves buyers not only money, but hours of conversation time. This back and forth is very time-consuming.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

MARCH 7, 2023

The digital P2P process provides intelligent transaction automation between your company, suppliers and their receipt of payments. One of the first things to be digitised was the transfer of money from customer to supplier, via bank transfer. This is due to spend and supplier data being consolidated in one single system.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Una

OCTOBER 9, 2023

Strategic sourcing has become a pivotal approach to procurement, offering a pathway to significant cost savings , enhanced supplier relationships, and optimized sourcing practices. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers. Improved Compliance Compliance is necessary.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Empowering CPO

MAY 4, 2023

Enhanced collaboration: Digital tools facilitate real-time communication and collaboration between procurement teams, suppliers, and other stakeholders. Supplier management systems: Tools that help track, evaluate, and manage supplier relationships and performance.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52

Supply Chain Collaborator

AUGUST 3, 2018

agriculture suppliers may hope to get around the rising barriers by transshipping goods through other countries. Almonds are likely to be hit hard because the U.S. is the world’s largest producer and exporter of almonds, with 80% of the global supply coming from California.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87

Procurement Software

DECEMBER 5, 2022

The digital P2P process provides intelligent transaction automation between your company, suppliers and their receipt of payments. One of the first things to be digitised was the transfer of money from customer to supplier, via bank transfer. It enables: Building stronger relationships with your key suppliers.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

The Procuretech Podcast

OCTOBER 5, 2021

These are some common scenarios for how non-strategic spend can fall through the cracks: Spend that falls below the threshold where competitive bidding is required - i.e. three bids, then a buy - clearly has a lot of untapped opportunity. What typical policies exist for non-strategic spend?

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. For one, they often focus too heavily on price at the expense of other factors, such as quality, sustainability, and supplier innovation.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Planergy

JULY 21, 2023

Services procurement is acquiring services from external vendors or suppliers to fulfill organizational needs. It involves procuring services from outside sources and managing the relationship with supplier or service provider. In this article, we will discuss services procurement, how it works, and how to manage it best.

Management 52

Management Procurement supply chain budgeting Budget 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. Do you need to improve supplier relationships?

Management 52

Management Procurement Real-time Visibility Ethics 52

Jaggaer

OCTOBER 6, 2020

We were challenged by suppliers on just a couple of occasions, but our buyers were very quickly able to drill into the history of the bid event and definitively establish there were no issues,” said Schlotthauer. This would have been very difficult with a paper-based bid,” Schlotthauer said. More competitive bidding.

Sourcing 52

Sourcing Bidding Chief Procurement Officer Competitive bidding 52

Supply Chain Game Changer

NOVEMBER 24, 2018

We hope for good prices, but we usually just accept what suppliers offer. Supplier relationships are too close. You have all the time in the world to negotiate with suppliers. We are busy and just don’t have the time to focus on procurement.”. “We We are leaving hard earned money on the table.”. So why should you care?

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Procurement Software

MARCH 11, 2022

Supplier innovation. Competitive bidding for €10k worth of one-time spend. Let’s also not forget suppliers too. Collaborative, engaged suppliers who are happy to do business with you. Reductions in energy or material consumption. Sustainability initiatives within the supply chain. Third party risk management.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72