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

4 Easily Avoidable Procurement Mistakes

4 Easily Avoidable Procurement Mistakes   Your organisation’s approach to procurement is one of the most important areas that can impact your business’ growth. It is what helps you to identify and deliver best value from suppliers, including reducing costs and streamlining your processes. Ultimately, it is what drive your bottom line.  Ideally you should

5 Benefits of Using a Cloud-Based eProcurement Software

5 Benefits of Using a Cloud-Based eProcurement Software When it comes to the procurement of resources from suppliers for your business, a robust procurement strategy is important. This strategy is an established process to improve your company’s purchasing activities, from data collection and spend analysis to tendering, negotiation, contracting and supplier management. The goal is

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

Improve Your Supply Chain Performance With These 5 Tips

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

How to Build Meaningful Relationships With Your Suppliers

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

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

What Managers Should Look for in an e-Procurement System

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

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

Company Values
Do Your Suppliers Share Your Values?

Do Your Suppliers Share Your Values? Whenever we purchase any good or service the first two things that we usually consider are the quality and the price. Our perception of both tells us whether what we are purchasing offers us value for money or not. The idea of what value for money looks like varies

Supplier Management Solutions
How Supplier Management Solutions Can Help Your Business

How Supplier Management Solutions Can Help Your Business The growth and sustainability of any business is directly linked to the success of its supply chain. Building and managing one can be incredibly complex, mainly for procurement teams. This is especially true if you don’t know where to start expanding. It’s also possible that any spend

How To Develop An Effective E-Procurement Approach

How To Develop An Effective E-Procurement Approach If you’re running a business that usually handles multiple transactions a day concerning suppliers and clients, it’s essential to establish a practical procurement strategy. It will involve how you manage your products or services, carry out negotiations and store business documents. One convenient way to improve the flow

The Basics Of Direct And Indirect Procurement

The Basics of Direct And Indirect Procurement   Procurement is an integral part of every business’s operations. It is the process of sourcing and negotiating terms in which goods and services are exchanged between a business and a third party. It usually involves a competitive bidding procedure known as tendering, in which potential suppliers make

You Get The Quality You Pay For

You Get The Quality You Pay For Once you’ve established that you want to purchase a good or service you’ll invariably look at the various features available that are offered and the price. As part of the price consideration you’ll also check the quality that you’ll receive in return. The rationale being that you pay

price tag
The Price Is Part Of The Cost

The Price Is Part Of The Cost The values that we are brought up with at home, school and in the work place help determine how we make decisions. These core values influence purchasing decisions and are especially important when evaluating suppliers to better understand how they can add extra value beyond just a price

cloud procurement software
Two Signs You Should Switch Over To A Cloud Based Procurement Software

Two Signs You Should Switch Over To A Cloud Based Procurement Software The prominence of cloud computing today has exceeded consumer expectations because more industries seek to leverage the technology to advance their operations. From the world of finance to the comfort of our own homes, the influence of “the cloud” is now ubiquitous because

3 Reasons Supply Chain Visibility Is Essential

3 Reasons Supply Chain Visibility Is Essential Supply chain management has become more complex over the years as it expands to more locations all over the world. Delivering to locations across the globe has made products much more accessible, but it also comes with its own set of challenges. With these logistical difficulties, it is

How Does E-Procurement Help Upgrade Your Business

How Does E-Procurement Help Upgrade Your Business   The development of software to support B2B companies continually drives different industries to greater success. The better businesses work together with each other, the more effective they become are as individual businesses. Implementing an e-procurement platform for your company is an excellent way to increase productivity whilst

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

What to Look for in Vendor Management Software

What to Look for in Vendor Management Software In this fast-paced society, having vendor management software to support your business can bring the convenience and efficiency you need to grow. With numerous online procurement management systems available in the market today, finding the best solution for your business needs is not always easy. Getting another

Supplier management system 2
Top 3 Benefits Procurement Teams Get From SaaS Solutions

Top 3 Benefits Procurement Teams Get From SaaS Solutions   Businesses that heavily rely on purchasing goods or services from a third-party may get involved in a long complex procurement process. It can take many weeks for the procurement team to evaluate the RFPs, showcase the findings to executives, negotiate terms and review all the

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

eSourcing
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

oboloo Sourcing Procurement
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

Spend Analytics
How to Improve Your Organisation’s Spend Analysis & Procurement

How to Improve Your Organisation’s Spend Analysis & Procurement How to Improve Your Organisation’s Spend Analysis & Procurement The most important business strategy today, according to a report on a survey conducted by Deloitte, is reducing costs. Organisations need to do a thorough analysis of exactly where they are spending money and on what. They

Supplier Audit
3 Benefits of Adopting Supplier Management for Your Business

3 Benefits of Adopting Supplier Management for Your Business 3 Benefits of Adopting Supplier Management for Your Business SME’s and enterprises usually require many suppliers in order to operate efficiently and grow. This means you are more likely required to conduct supplier onboarding and vetting, which is the process of gathering data and documents needed

procurement process
4 Reasons to Upgrade You Procurement Process

4 Reasons to Upgrade You Procurement Process 4 Reasons to Upgrade You Procurement Process There are always a series of processes to follow in any organisation. Whether it is in the general decision-making or specific to procurement, there are specific steps that should be followed. These processes are governed by rules that encourage everyone in

Cloud-based Procurement
Why use a cloud-based procurement software?

Why use a cloud-based procurement software? Why use a cloud-based procurement software? With the modern business landscape becoming ever more technologically-dependent, it’s clear that there is no reason for companies to not take advantage of the opportunities at hand. Thanks to the paradigm shifts affecting digitally-driven tools, the processes that each organisation follows are more

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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

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