Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
RFP Process – Step-By-Step Guide RFP processes (part of the eSourcing process) are often complex and time-consuming, despite their importance. There are many obstacles to overcome, but if you use the right approach and resources, you can find success faster. You will gain confidence managing RFPs by using the tools we offer in this blog. As a starting […]
How Can A Company Utilise eSourcing Software? What Is E-Sourcing? As a result of rapid advances in the development of e-sourcing software, procurement professionals as well as entrepreneurs have created secure, online tools to assist procurement businesses from around the globe. In addition to reducing costs, centralised information, ensuring consistency, and providing instant feedback directly to clients, […]
What is RFX Process in Procurement? Understanding RFP’s, RFQ’s & RFI’s The ability to obtain standardised information from suppliers has been and continues to be a challenge. It is difficult for procurement departments to compare quotes or due-diligence information received from suppliers in different formats, as they are offered in different formats; hunting the information down can take a lot of […]
What is Electronic Procurement (eProcurement) What is e-procurement? Requisitioning, ordering, and purchasing goods and services online is known as electronic procurement (also known as e-procurement or supplier exchange). These are processes between businesses. While e-commerce uses a public system, e-procurement uses the closed system of the supplier and is only accessible to registered users. Using […]
What Is eTendering? E-Tenders are an integral part of the procurement process, designed primarily to facilitate an effective method of procuring goods and services online. With E-Tendering, businesses can find the most cost-effective suppliers for upcoming purchases. Suppliers compete to win sales or provide business services in response to procurement opportunities. The etendering process can […]
The Ultimate 7 Step Guide To Strategic Sourcing As the business climate becomes more competitive, many professionals are constantly looking for ways to keep costs down while still maintaining the highest quality of goods and services. The pursuit of that involves constantly improving and reevaluating a company’s purchasing activities, also known as Strategic Sourcing. What is Strategic […]