Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
What is an eSignature and How To Add Them To Documents? An eSignature is a digital signature that you can add to documents to help ensure their authenticity. Basically, eSignatures are just like traditional signatures, but they’re created and verified using electronic means. This might seem like a minor detail, but it can make a big difference […]
What is Contract Negotiation? Get Procurement Savings Via Contract Negotiation Contract negotiation is a critical part of business. It’s the process by which two or more parties agree to terms of a contract. In most cases, this will involve negotiating the price, delivery schedule, and other important details. If you’re in the market for new […]
What Is Supplier Due Diligence? The Ultimate Process & Guide Supplier due diligence is an essential process that you should undertake before signing a contract with a new supplier. It’s not something that most companies do on the fly—they take their time to make sure they’re getting the best deal possible. In this blog post, we will […]
How to write a Request For proposal (RFP): RFP templates, 8 Key Tips, Process and tools A Request for proposal (RFPs) is one of the most important tools your business can have in its arsenal. By issuing RFPs, you can attract new customers, increase sales, and even win new contracts. But before you can create an effective RFP, […]
How to Create the Ultimate Supplier Onboarding Process Developing relationships with new suppliers is key for supplier onboarding. It is possible to lose valuable business and sacrifice profit margins without a clear system in place for onboarding and developing these partnerships. A smooth start to your partnership can be achieved by onboarding your suppliers before you begin working […]
What is Procurement Transformation? Procurement transformation takes time. Any change in a business’s strategy and structure requires co-operation from all stakeholders. To ensure that everyone is on the same page and the process runs as smoothly as possible, it is important to develop a detailed procurement transformation roadmap. Procurement Transformation Steps To avoid falling behind in the […]