Spend Matters

NOVEMBER 15, 2023

At the event, the provider revealed several new solution features, including a relatively robust sourcing module. From there, Zip’s AI can suggest new RFP questions based on the category of the sourcing request and recommend additional vendors to invite to respond.

Sourcing 91

Sourcing Contract Inventory Procurement 91

Supply Chain Game Changer

JUNE 23, 2021

It all starts fine with sending your Request for Proposal (RFP) out to your suppliers one by one and then a lot of information starts coming in from various channels and formats. The practice of formal RFP/RFQ/Tenderis a very crucial step towards achieving desirable outcomes and maximizing the Returns on Investment.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

Procurement Software

FEBRUARY 20, 2024

European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Procuretech in Europe is buzzing right now.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Solvoyo

DECEMBER 9, 2020

Companies tend to engage in request for information (RFI), request for quote (RFQ) and request for proposal (RFP) processes to make sure they end up choosing the right software that meets their business and IT requirements. Simply put, the RFI/RFQ/RFP process does not fit with the realities of the SaaS business model.

Purchasing 52

Purchasing supply chain software solutions Supply Chain Optimization supply chain budgeting 52

Planergy

OCTOBER 20, 2022

RFI, RFP, RFQ, ROI, RFT: What’s the Difference? In this blog post, we’ll break down the meaning of five commonly used procurement acronyms: RFI, RFP, RFQ, ROI, and RFT. An RFI is issued when a procuring organization wants more general information about a potential vendor or solution. RFP: Request for Proposal.

Buyers 52

Buyers Supply Chain Efficiency Suppliers Price 52

World of Procurement blog

AUGUST 10, 2021

Typically, you'd issue one of these: Request For Information (RFI) Request For Quotation (RFQ) Request for Proposal (RFP) Did you know that there are some major differences between an RFI, RFQ and RFP. You, as a Procurement Pro really need to know what the end goal is before you choose to go for one of these - RFI, RFQ or RFP.

Procurement 52

Procurement Suppliers supply chain software solutions Price 52

Procurement Software

FEBRUARY 21, 2023

What do Procurement Software, G2 and Capterra do? Procurement Software, G2 and Capterra are all software comparison websites. All three offer different features which allow the user to compare and contrast different types of procurement software products. How is Procurement Software different? I think not.

Procurement 59

Procurement Influencing Contract Contract management 59

The Procuretech Podcast

JUNE 20, 2023

Raindrop as a full suite enterprise spend management solution. Three steps to consider when buying a solution. 6:21 Pricing should not be the driving factor in choosing a procurement tech solution. 17:13 How to know if your software is up to standard How to know if a solution is right for you. Risk is a big thing.

Import 40

Import Spend management Contract Procurement 40

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? Source-to-Contract (S2C) 1.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Procurement Software

MARCH 5, 2024

If you want to search the whole range of procurement tech companies out there beyond just startups, then check our our free software directory. Focal Point Focal Point is a growing Atlanta-based procurement startup offering a unique solution tacking three different challenges within procurement.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Procurement Software

JUNE 13, 2023

There doesn’t seem to be a month go by without a new solution coming onto the market offering eSourcing software as part of their offering. Knowing which solution is suited to your business and level of procurement maturity is a minefield. Which eSourcing solutions are best suited to mid-market businesses?

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

Arkestro

JUNE 6, 2022

Spend Matters has previously lauded Arkestro as being a “Provider to Watch,” a “Provider to Know,” and a “Future 5” solution. Spend Matters’ SolutionMap is widely regarded as the most rigorous, data-focused functionality assessment of procurement solutions. Not made baseless assumptions about how the software operated.

supply chain software solutions 52

supply chain software solutions Supplier negotiation Bidding Procurement 52

Procurement Software

FEBRUARY 14, 2023

I wanted to bring you the key criteria that you should consider when sourcing or considering a digital procurement solution. If you’re more of an audio person, we also ran a recent episode of the podcast covering some of these, which you can access here: What are the top 10 criteria to consider when buying procurement software?

supply chain software solutions 72

supply chain software solutions Procurement Price Sourcing 72

SCMDOJO

APRIL 3, 2022

Online bidding appears to be a magic bullet for lowering prices rapidly while utilizing e-business solutions. . These reductions are substantiated by eAuctions software providers Cimmra. E-auctions were shown to save between 25% and 50% more than traditional face-to-face discussions throughout an RFP process.

Supply Chain Efficiency 138

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 138

Una

APRIL 25, 2023

Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges. This can be solved with end-user self-service portals, step-by-step guides to using the procurement software , and helpful resources such as an FAQ page.

Procurement 94

Procurement supply chain budgeting Supply Chain Efficiency Contract 94

The Procuretech Podcast

MARCH 8, 2022

My guest to deep dive on this topic is Maciej (Matt) Zaleski of Procurence Meercat, a software platform for industrial manufacturing companies who have recently developed a supplier innovation module for their solution. Using software to successfully drive a transparent supplier innovation program.

Innovation 52

Innovation Suppliers Procurement supply chain software solutions 52

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Examples here are: Drafting routine RFP documents Non-disclosure agreements Frame contracts Procurement policies and procedures So, in summary, the current use cases are more focused on time and efficiency savings.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Software

MARCH 7, 2023

There are an increasing number of P2P and S2P technology solutions providers on the market. Key advantages of using Procure-to-Pay and Source-to-Pay technology Hard Cost Savings Value Drivers Possible Disadvantages of using P2P and S2P software Can you combine P2P and S2P in procurement software? What is P2P in procurement?

Sourcing 64

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

Una

SEPTEMBER 22, 2022

These factors are especially crucial when it comes to procuring the right technology solutions for your business. IT procurement can quickly become overwhelming and cumbersome due to the sheer volume of tech vendors and IT solutions available for any given task or function. Download Full Guide to IT Procurement. Look Beyond Cost.

Procurement 98

Procurement Real-time Visibility Contract Purchasing 98

Procurement Software

AUGUST 15, 2023

Category management software was one of the final frontiers for procuretech. There are now four category strategy software solutions on the market who cite this as their primary feature. For example, Contract Lifecycle Management software or Supplier Relationship Management tools. Not any more.

Category management 52

Category management Management Procurement team Strategy 52

Procurement Software

DECEMBER 5, 2022

There are an increasing number of P2P and S2P technology solutions providers on the market. Possible Disadvantages of using P2P and S2P software. Can you combine P2P and S2P in procurement software? What’s the best S2P or P2P software for mid-market and SMEs? Table of Contents. What is P2P in procurement?

Sourcing 52

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

Supply Chain Collaborator

APRIL 7, 2016

Choose the stodgy, uninspired logistics IT solution provider with the middling results/poor cost efficiency it delivers and you’ll be remembered as lacking vision. So why aren’t you attaining a similarly concrete rundown of what is included (or not) in your TMS software purchase? The answer is absolutely, “YES!” It can be done.

Cost of ownership 61

Cost of ownership Buyers Logistics Change management 61

Jaggaer

DECEMBER 4, 2018

Why You Should Consider Freight Procurement Sourcing Solution. Add to this the varying rate structures and surcharges—with all of these factors to consider, it’s difficult at best to select the providers you want to submit an RFP. Industry experts call out advanced sourcing solutions as being extremely important to freight procurement.

Procurement solutions 40

Procurement solutions Supply Chain Optimization supply chain budgeting supply chain software solutions 40

The Procuretech Podcast

MAY 17, 2022

He’s carving out a niche for an all-in-one solution, at a time when best of breeds are gaining market share. I welcome Jim to the podcast, congratulate him for his bravery, and ask him about the challenges of offering a full suite solution in a tough market. Sign up for the Procurement Software Newsletter.

Contract 52

Contract Contract management Import Innovation 52

The Procuretech Podcast

OCTOBER 9, 2022

His roots are in the supplier side, which led to some big tenders from a software supplier back in the early 2000s. So back in summer 2018, Mirko got inspired by the fact that there was no solution for handling this kind of uncertainty. To have them simultaneously in the same room - physically, or virtually - to co create the solution.

Procurement 40

Procurement Raw materials Contract Suppliers 40

The Procuretech Podcast

JUNE 10, 2020

We've often spoken about different software solutions and certain, specific areas of the Procurement flight deck which can be automated or digitised. 11:15 The most common mistakes made during the RFP / vendor selection phase, and how to avoid making them!

Procurement 40

Procurement Contract Project management Buyers 40

Planergy

AUGUST 8, 2023

They include: Open tendering Single-source procurement Two-stage tendering Restricted tendering Request for proposal (RFP) Request for quotation (RFQ) Your procurement team will determine which method to source goods and services based on what you need, when you need it, your budget, and other factors.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Jaggaer

DECEMBER 24, 2019

JAGGAER’s decades of experience implementing procurement solutions provide a unique perspective on IT projects, why they fail, and what you can do to prevent your project from succumbing to the same fate. Frequently, unrealistic user expectations come directly from the RFP process.

Project management 87

Project management Purchasing Budget Management 87

The Procuretech Podcast

OCTOBER 26, 2021

This final episode looks at 3 solutions out there who have doubled down on tackling the lucrative and under-served niche of digitsing services procurement. Philip Rathjen joins me from Prospeum, a pretty new solution out there that has recently been launched. Schedule a call to discuss digital procurement solutions.

Procurement 40

Procurement Raw materials Sourcing Suppliers 40

The Procuretech Podcast

DECEMBER 7, 2021

So, during the interview with Henrik Balslev, CCO of Danish Source-to-Contract (S2C) software Scanmarket, the most obvious thing to talk about was all of the data they've collected since they've been offering e-auctions and RFx solutions to their customers.

Data 40

Data Cost of ownership Category management Suppliers 40

The Procuretech Podcast

NOVEMBER 16, 2021

On this week's episode, we explore a topic that is becoming ever more important when it comes to selecting a piece of software in the B2B space. Adoption and acceptance of procurement technology within an organisation is highly dependent on a software's user experience and ease of use. What about UX for supplier onboarding?

Sourcing 40

Sourcing Suppliers Procurement Import 40

Jaggaer

NOVEMBER 25, 2019

W hen you decide to deploy a SaaS solution for procurement , you are choosing the provider of a service. For example, you would set up your own RFP forms based on your desired criteria and parameters. Procurement departments work directly with the vendor’s service team to deliver the solution. What is SaaS? .

Procurement 76

Procurement Eprocurement Risk Import 76

Procurement Insights

JUNE 24, 2022

In discussing eSourcing, the guest author of the October 2008 post suggests, “It is perfectly possible to prepare a company’s annual accounts on spreadsheets, but it is much less time consuming and error-prone to do the same job with an accounting software package.” Interesting timing?

Procurement 52

Procurement supply chain budgeting Buyers supply chain software solutions 52

Pipefy

JANUARY 5, 2023

Digital procurement means letting go of manual data entry, paperwork, and complex request management and instead opting to use software that streamlines procurement through integration and automation. For example: the ERP system, SAP, Netsuite, and other finance software. The first choice will be the software type. The reason?

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Jaggaer

JANUARY 21, 2020

The RFP process is likely to ensure that your company selects a technology partner that checks nearly all the requisite boxes. Software should enable team members, but overcomplicated interfaces can often become a hindrance. “We A solution without such functionality would slow his team and decrease morale.

Change management 40

Change management Management Import Procurement 40

The Procuretech Podcast

OCTOBER 19, 2021

Hot Digital Procurement Startups which Utilise AI and Game Theory to Deliver their Solution. This episode is all about startups who heavily feature AI or game theory as part of their experience and solution. Schedule a call to discuss digital procurement solutions. My first guest is Fabio Herle from Pactum. Lhotse website.

Procurement 40

Procurement Negotiation Sourcing Procurement team 40

Planergy

DECEMBER 29, 2022

Managing the challenges with best practices, including using procurement software for the marketing spend category helps simplify your process. This will make it easier to connect with agencies and create a solution that works for everyone. Invest in Procurement Software. What is Marketing Procurement? Find the Right Partners.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52