What is an eAuction? Are you familiar with the term “eAuction”? If not, don’t worry! In this blog post, we will provide you with an in-depth look at what an eAuction is and how it can be used to benefit businesses. We will explore the concept of eAuctions, its benefits, as well as drawbacks and tips for […]
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Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
What are the Benefits of a Supplier Management System?
What are the Benefits of a Supplier Management System? A supplier management system helps companies organize their supply chains, monitor their suppliers, and manage the overall process from start to finish. It’s an efficient way for businesses to streamline the procurement and sourcing process, as well as ensure compliance with regulations. But how exactly can a supplier management system […]
What are the Benefits of a Strategic Sourcing Software?
What are the Benefits of a Strategic Sourcing Software? Strategic sourcing is a process that involves evaluating and negotiating with suppliers to ensure the best price, quality, and delivery of goods. This type of process is often used in large enterprise-size companies or organizations because it enables them to streamline their operations and purchase from the most qualified […]
What is a Supplier Code of Conduct?
What is a Supplier Code of Conduct? As a business, it is important to know how to intelligently manage and make ethical decisions when dealing with suppliers. To ensure that your company’s suppliers are also adhering to the same standards of ethical practices, a Supplier Code of Conduct (SCC) is necessary. A Supplier Code of Conduct is a […]
What is a Supplier Policy in Procurement?
What is a Supplier Policy in Procurement? For any business, procurement is an integral part of their success. Not only does it involve finding and sourcing the right suppliers and materials needed to run a business, but it also involves setting up policies and procedures that will ensure suppliers are working efficiently, ethically, and cost-effectively. One of these […]
What is Procurement? Types, Technologies, Procedures & Processes
What is Procurement? Types, Technologies, Procedures & Processes Procurement is a term that’s used in many different industries, but it can often be difficult to understand. It can include a wide range of activities, processes and technologies, all with the goal of successfully acquiring goods or services for an organization. In this blog post, we’ll […]