RFI (request for information)
RFI (Request For Information) Definition

RFI (Request For Information) Definition Requests for information (RFI) are fairly formal documents written by an organization in order to collect information from potential suppliers in order to determine their capabilities. In an RFI, customers are asked to provide information about their business and send it to potential suppliers. The RFI (Request for Information) is

RFX Process
What is RFX In Procurement? Understanding RFP’s, RFQ’s & RFI’s

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

esourcing software benefits
How Can A Company Utilise eSourcing Software?

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

strategic sourcing process
The Ultimate 7 Step Guide To Strategic Sourcing

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

Purchasing vs. Procurement: What’s the Difference?

Purchasing vs. Procurement: What’s the Difference? Procurement and purchasing are both involved in the process of acquiring goods and services. Often, these two terms are used interchangeably, but they describe two distinct processes. The procurement function handles the entire strategic life cycle of an acquisition, whereas the purchasing function handles the transactional (tactical) process of

How does eSourcing work?

How Does eSourcing Work? Our everyday lives involve making purchases, which we also do in business on a regular basis. We learn to do it when we’re young, and then generally follow the same simple procedure throughout our lives. Depending on the cost and complexity of the purchase, we put in different amounts of time

What is oboloo and How can Its Software Help Me?

What is oboloo and How can Its Software Help Me? oboloo was created to help SMEs save time and money working with their suppliers, reduce supplier risk, and choose the right ones. oboloo is a cloud-based procurement tool that provides visibility and control over every phase of the procurement process, from sourcing to contract management

What is eSourcing and Its Benefits?

What is eSourcing and Its Benefits? Buying is something that we all do in our daily lives, as well as in business. We learn the process when we’re very young and generally follow it throughout our lives. The amount of time and effort we dedicate to the process varies depending on the complexity and cost

Simple Tips For Sourcing Goods & Services

Simple Tips For Sourcing Goods & Services The sourcing of goods and services is one component of the procurement process every company undertakes so they can get the best value from vendors and also work with the right vendors whose values are aligned with their own. A company can source without following a formal process

Purchase Order Guide
The Ultimate Guide To Purchase Orders

The Ultimate Guide To Purchase Orders What Is A Purchase Order (PO)?  As a starting point, it would be logical to answer the obvious question, what is a purchase order? In order to purchase products or services, purchase orders (POs) are documents sent from you, as the buyer, to a supplier requesting products or services. It

Sourcing Process
A Simple Sourcing Process For Small & Medium Businesses (SMEs)

A Simple Sourcing Process For Small & Medium Businesses (SMEs) Getting Sourcing right for goods and services goes beyond just direct cost savings and quality to deliver additional cost and time savings, as well as other less tangible but equally important benefits, such as ESG and innovation. Sourcing is not as complicated as it may

RFP Software
Why Does a Company Need a RFP Software?

Why Does a Company Need a RFP Software? Still searching through old files, emails or chasing teammates for RFP responses? Then you will almost definitely benefit from an RFP software.  Almost every work task can be automated. Considering the number of tools available today, it is not a matter of determining if a task can

eSouricng steps
What are the Steps of eSourcing?

What are the Steps in eSourcing? One thing that we all do in our daily lives that we also do frequently in business is to make purchases. It’s something that we learn to do when we’re young and then generally follow the same simple process throughout our lives. The amount of time and effort we

RFI Process
A Proven RFI Process For Any Company

A Proven RFI Process For Any Company The ultimate step-by-step guide to a successful request for Information Table of Contents What is a Request For Information (RFI)? A request for information or RFI, is usually the formal process (usually in the form of a  document or questionnaire) of collecting information from a number of suppliers

Why use an eSourcing software?

Why use an eSourcing software? When we purchase goods and services, we follow a process that has either been taught or developed by ourselves from experience with the aim of always getting the best value. A best value process can work well on a day-to-day basis, however generally it does not consider the longer-term needs

etendering
A Proven RFP Process For Any Company

A Proven RFP Process For Any Company The ultimate step-by step guide to a successful request for proposal Table of Contents What is a Request For Proposal (RFP)? A request for proposal (sometimes referred to as a request for pricing), or RFP, is usually a document that describes a companies needs (usually goods and/or services).

Supplier management system 2
What is eSourcing?

What is eSourcing? eSourcing, sometimes referred to as electronic sourcing is the process a company uses to procure goods and services from suppliers with the ability to compare them side by side based on quoted pricing or capabilities in order to choose a preferred supplier based on data. This process is typically carried out on

eprocurement process
What Is e-Sourcing & How Does It Work?

What Is e-Sourcing & How Does It Work? Traditionally, reviewing and comparing suppliers to find the best one was a lengthy and time-consuming process. However, these days, technology has made it much simpler and quicker. Because of e-Sourcing, gone are the days when you needed to go through an individual evaluation of suppliers to find

oboloo modules
eProcurement is More Than Just eSourcing

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

Contract management software
4 Ways To Improve Your RFP Process To Strengthen Your Business

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

etendering
4 Reasons To Utilise E-Tendering In Your Business

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

Procurement Process oboloo
How E-Sourcing Software Helps Streamline Your Procurement Process

How E-Sourcing Software Helps Streamline Your Procurement Process E-sourcing software is becoming an increasingly important part of the operations of many businesses. It centralises key information and ensures consistency across products and services delivered. Software like this also provides instant feedback, which significantly reduces operating costs.  The e-sourcing software industry is projected to be worth

eSourcing software
Four Reasons Why An eSourcing Platform Is A Good Investment

Four Reasons Why An eSourcing Platform Is A Good Investment Four Reasons Why An eSourcing Platform Is A Good Investment In the world of e-commerce, it’s important to have full control and visibility of your suppliers. An effective way to achieve that is by eSourcing, which is also known as electronic sourcing. This involves using

Software oboloo blog
4 Steps For Selecting The Right Software For Your Business

4 Steps For Selecting The Right Software For Your Business 4 Steps For Selecting The Right Software For Your Business Choosing software for your business can be exciting, but it can be extremely stressful if you don’t really know what you need. There are a lot of options to choose from and selecting the right

procurement purchasing software
How E-Tendering Is Helping the Public Sector As Well As Business

How E-Tendering Is Helping the Public Sector As Well As Business How E-Tendering Is Helping the Public Sector As Well As Business A growing number of businesses and public sector departments are moving online, and e-tendering is one of them. E-tendering is the process of procurement transferred to an online space. In some countries, it

oboloo supplier blog 1
How Can You Use E-Sourcing to Improve Your Company’s Procurement Strategy?

How Can You Use E-Sourcing to Improve Your Company’s Procurement Strategy? What is E-sourcing? E-sourcing takes the method of sourcing up a notch by undertaking all the steps involved in a single centralized online location. E-sourcing employs the use of a virtual platform for screening suppliers and connecting different companies, regardless of location constraints.  E-sourcing

Skip to toolbar