Insights and strategies for effective sourcing, contract, supplier, and savings management in procurement
eProcurement is More Than Just eSourcing eSourcing is only one part of the overall eProcurement process. eSourcing secures the best value and pricing which organisations can then lock into a contract. While eProcurement is the whole process from start to finish; sourcing to contract negotiation to ensure the smooth flow of goods and services. It allows you to […]
Improve Your Supply Chain Performance With These 5 Tips When it comes to successful procurement, having a steady supply chain is a crucial element. Supply chain managers are tasked with optimising efficiency strategies as the business climate evolves and as the company grows. Every stage of the supply chain must be thoroughly evaluated and monitored to deliver […]
How to Build Meaningful Relationships With Your Suppliers Working with the suppliers who provide goods and services to your company is essential for the smooth and successful running of your business. This is why supplier relationship management (SRM) is so important. While choosing cost-effective suppliers and maximizing the value of your relationship with them sounds […]
4 Ways To Improve Your RFP Process To Strengthen Your Business Improving how you manage Request for Proposals (RFPs) enables you to work more effectively with suppliers because you are better able to provide all the necessary details about a project for them to respond to. RFPs are more commonly used amongst larger organisations and public body institutions. However, this […]
What Managers Should Look for in an e-Procurement System Manual procurement processes, although reliable, are a costly, document-laden process. The time you spend on email or paper exchanges could be allocated to marketing and finding ways to become more competitive in a digital, tech-first business landscape. Among managers surveyed in Deloitte’s 2018 Global CPO Survey, 83 per cent […]
4 Reasons To Utilise E-Tendering In Your Business Businesses at present are gradually learning the benefits of using on an online procurement platform to speed up transactions and make business procedures more efficient. But before you rush into looking to integrate one with your own company, it would helpful to first determine if your business requires […]