ProcurePort

MAY 5, 2023

Reverse auction software is a digital platform that enables buyers to solicit bids from multiple suppliers in real-time. What is Reverse Auction Software? Unlike traditional auctions, reverse auctions involve suppliers competing against each other. The lowest bidder wins in this auction, not the highest.

Bidding 130

Bidding Buyers Price Suppliers 130

Procurement Tactics

MARCH 23, 2023

Digital platforms can help the source-to-contract process to be more manageable as it allows for automated bidding, digital purchase orders, online payments, and supplier collaboration. Hosting a bidding process From the shortlist of pre-approved suppliers created in step one, you will need to host an RFx process to get what you need.

Contract 156

Contract Sourcing Purchase orders Bidding 156

SCMDOJO

APRIL 3, 2022

Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market. The highest bid might contribute to greater commerce because most customers will go to their current vendors for ‘non-core’ commodities. Numerous talks used to be done in person, via email, or by phones.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Value Match

JULY 1, 2022

Bid Management. Value Match are providing suppliers bidding into the public sector with the opportunity to meet with our procurement experts to gain insight into how to bid effectively. You can use the opportunity to ask our experts any questions you have about bidding. The bid decision process. Categories.

Bidding 52

Bidding Procurement strategies Buyers Contract 52

Spend Matters

DECEMBER 12, 2022

Thoma Bravo emerged from a competitive bidding process to announce its forthcoming acquisition of Coupa," said Jason Busch, Spend Matters founder and CEO. "This is an all-cash transaction with an enterprise value of $8.0 Upon completion of the transaction, Coupa will become a privately held company," explains the press release.

Competitive bidding 107

Competitive bidding Spend management Bidding Buyers 107

Spend Matters

FEBRUARY 21, 2024

SOW drafting traditionally starts once a supplier bid has been accepted and the business is ready to move forward with work. To potential buyers — Deployed uses guided scoping to simplify the end-to-end SOW creation process. Deployed addresses the above pain points by taking a different approach to SOW authoring.

Bidding 116

Bidding Market analysis Buyers Suppliers 116

Procurement Insights

MARCH 16, 2025

AI-Powered RFP & Bid Management When issuing an RFP (Request for Proposal) , procurement professionals interact with AI that understands past procurement criteria and scoring methods. MCP ensures that AI remembers preferred bid evaluation metrics , supplier preferences, and prior negotiations.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Heads

MARCH 27, 2023

The thing I’m most passionate about is ensuring that we, as buyers, are ensuring the company uses the money and resources we’ve got in a way that benefits our customers and wider society so that we can get true value for money. What are you most passionate about when it comes to procurement?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Procurement Leaders

MAY 13, 2024

A major difference between an RFS and an RFP is that buyers approach suppliers without knowing precisely what it is they are sourcing. An RFS simplifies the bidding process and may help eliminate unnecessary costs. Instead, the team invites suppliers to submit proposals to a given challenge.

Innovation 130

Innovation Sourcing Buyers Suppliers 130

Procurement Tactics

JULY 14, 2022

A procurement tender is a document that the supplier needs to complete when bidding for a contract. . Procurement tendering is the process wherein the organization will invite suppliers to submit their proposals or bids. A restricted procedure is usually used to reduce the high number of suppliers that can submit a bid.

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Supply Chain Brain

MAY 16, 2023

Schenker is likely to attract bids from rival logistics companies, including Danish transport giant DSV A/S, Germany’s Deutsche Post AG and Switzerland’s Kuehne + Nagel International AG.

Buyers 52

Buyers Bidding Logistics 52

Procurement Templates

OCTOBER 28, 2023

The 3 Quotes Process, also known as three-bid procurement, is essentially a structured way of shopping around for what you need from suppliers, similar to how a price comparison site might operate. This is where the Three Quote Procurement Process comes in.

Competitive bidding 130

Competitive bidding Bidding Price Suppliers 130

Spend Matters

OCTOBER 17, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — ivoflow offers a focus on actionable insights and cost savings initiatives rather than just static spend analysis.

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

ivalua

OCTOBER 29, 2019

Enormous, complex, global enterprises use procurement technology to manage their spend, suppliers, contracts and bids every day without seeming to run into the same stumbling blocks as the public sector, which operates on a smaller and more localized basis.

e2e 113

e2e Bidding Contract Budget 113

SCMDOJO

DECEMBER 29, 2024

Key Challenges Cost-Quality Trade-off Unclear Specifications Inadequate Supplier Assessment Limited Understanding of Supplier Capabilities Lack of Agreed-Upon KPIs Lack of Transparency Lack of Trust Absence of Formal Contracts: Undefined Procurement Processes Accidental Orders Working with Inflexible Suppliers Lack of Buyer Development Inaccurate Data (..)

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Jaggaer

DECEMBER 12, 2024

Smart matching of supplier attributes to rate structures is now available between Advanced Sourcing Optimizer (ASO) and the new Advanced Rates feature to streamline sourcing events and bid exports. Improved Bill of Materials (BOM) costing with role-based buyer views and new API capabilities. Version 24.3

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

ivalua

JULY 24, 2019

eMaryland Marketplace Advantage is much more than the state’s new bid board,” said Lt. eMMA will allow buyers to collaborate with vendors from the bidding and contracting process all the way through the purchasing process. Governor Rutherford. “It

Bidding 100

Bidding Innovation Spend management Budget 100

Spend Matters

JUNE 19, 2023

Users can collaborate during the creation and execution of sourcing events, and items can be organized into lots or groups and configured in a granular way, including the possibility to accept multiple (alternative) bids from suppliers. Users can evaluate alternative bids with a feature comparison matrix.

Sourcing 98

Sourcing Bidding Price Suppliers 98

Jaggaer

OCTOBER 24, 2024

Following a forecast to suppliers, a Tier-1 supplier collaborates with its suppliers—Tier 2 for the buyer—to obtain critical components for producing products and/or services. The strong handshake made with Tier-1 in the initial onboarding phase—complete with profile information—makes collaborating with first-tier suppliers easier.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Arkestro

DECEMBER 26, 2024

It streamlines the entire procurement process by centralizing and automating interactions between buyers and sellers. In a nutshell, e-procurement involves buying and selling supplies, equipment, and services over the Internet. E-procurement uses networked systems and web interfaces for supply chain operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Spend Matters

JUNE 19, 2023

Sourcing automation is possible but limited to simple tasks like supplier invitations and bid acceptance (but not awards). Bidding and analysis The capacity to enable suppliers to bid in the most appropriate way and to allow us to analyze/compare offers in various and detailed ways to ensure the right decision-making process (TCO, ESG, etc.).

Sourcing 98

Sourcing Bidding Price Suppliers 98

Spend Matters

JUNE 19, 2023

Similarly, average solutions offer sourcing automation, but it is limited to simple tasks like supplier invitations and bid acceptance (but not award). The same applies to the feedback they can receive; it is limited to the ability to export reports to Excel that show average bid/score and each supplier’s bid/score.

Sourcing 98

Sourcing Bidding Price Suppliers 98

ivalua

AUGUST 1, 2019

When fully implemented, eMMA will allow buyers to collaborate with vendors from the bidding and contracting process all the way through the purchasing process. eMMA is state-of-the-art procurement technology powered by the Ivalua Platform, a global leader in procurement technology.

Bidding 100

Bidding Quality Spend management Budget 100

Procurement Insights

FEBRUARY 26, 2025

A traditional system might take daysrequisition forms, ERP updates, supplier bids. stock levels, shipping ETAs), and empowered buyers to lock in an order within hours. Imagine a manufacturer needing parts after a sudden demand spike. Velocity Procurement might use pre-vetted supplier pools, real-time data feeds (e.g.,

Chief Procurement Officer 52

Chief Procurement Officer Bidding Ethics Risk 52

Procurement Insights

SEPTEMBER 15, 2023

The concept was simple, although advanced for the time, whereby a buyer would plug in the required MRO part number and the corresponding zip code with delivery requirement into the system. The suppliers would then respond within the appointed time with their bid. and select the best value source at that time.

Buyers 75

Buyers supply chain software solutions Bidding Quality 75

Spend Matters

AUGUST 16, 2023

We unite buyers, suppliers and partners on a common, cloud-based platform where everyone is credentialed, onboarded and ready to transact. The system sources the best candidates to participate in the bid process, from a product, capabilities, pricing and company values standpoint.

Procurement 98

Procurement Procurement team Buyers Bidding 98

Supply Chain Game Changer

MAY 12, 2021

Emerging procurement theory suggests that creating win-win situations within buyer and supplier agreements are the best ways to create long-lasting, engaging, creative, collaborative, and innovative partnerships. Language like ‘supplier shall’ and pre-defined performance/penalty metrics are classic terms within buyer-supplier agreements.

Negotiation 69

Negotiation Buyers Bidding Collaboration 69

ivalua

MARCH 3, 2020

They find it very time-consuming to deal with enterprises’ complex organizations with numerous specialized points of contacts (one for bidding, one for contracting, one for ordering, one for invoicing, etc.). Buyers need to put aside their compliance hats and put on their entrepreneurial ones! Startups’ employees must be polyvalent.

Procurement 182

Procurement Innovation Chief Procurement Officer Collaboration 182

Jaggaer

FEBRUARY 5, 2025

Assessment Of Awards and Negotiation of Contracts – While source-to-pay software plays a huge role in todays source-to-pay process, there is still an important human element involved in assessing the bids and making final award decisions. Streamlining the onboarding process through digitalization can therefore deliver huge benefits.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Pipefy

JANUARY 31, 2023

B Bid A submission from a supplier or vendor containing a cost estimate for goods or services, usually in response to a business’ invitation to bid. Successful bids often contain the supplier’s past relevant projects as a proven track record of success and a detailed plan to deliver the product in a timely manner.

Procurement 52

Procurement Bidding Supply Chain Efficiency supply chain software solutions 52

Procurement Software

APRIL 18, 2023

With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. This saves buyers not only money, but hours of conversation time. This involves suppliers competing in sequential bidding.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Arkestro

MARCH 13, 2023

Industry: Mining & Production Headquarters: Kansas, USA Website: svminerals.com reduction in bid time % cost savings “It’s just amazing how Arkestro has impacted our business. Looking ahead, he can already see the benefits of running more bids, more accurately with the help of Arkestro.

Bidding 52

Bidding Procurement Buyers Buying process 52

Value Match

MAY 28, 2024

There will be a Central Digital Platform (CDP) for suppliers to register and store their details so that they can be used for multiple bids and see all opportunities in one place. Hopefully, simplified bidding processes will make it easier to bid, negotiate and work in partnership with the public sector.

Suppliers 52

Suppliers Supply Chain Efficiency Bidding Procurement 52

Zycus Cognitive Procurement

JANUARY 16, 2023

Beyond the poor experience that a business user (requisitioner) faces, the Category manager or the Buyer in the procurement core team also face multiple challenges like: . Increased efforts for buyers to process 3 bids and a buy for low value requests. . Automated Buyer verification . Lack of pricing compliance .

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Procurement Insights

APRIL 18, 2023

To start, here is a link to a video interview I did many years ago with Judy Bradt : [link] The main themes of the discussion evolved around the concept of legitimate preference and the fact that 90% of all bid winners are known before the RFP is issued.

Suppliers 45

Suppliers Bidding Buyers Supply 45

ivalua

MARCH 4, 2016

Software that is built for indirect spend will not function in critical areas such as breaking down bids and collaborating with suppliers at the bill of material level. Giving buyers the proper tools to become key business partners is not a “nice to have” scenario—it is a critical path to managing risk and ensuring success.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

Supply Chain Game Changer

MAY 23, 2022

Purchasing items for projects has always been difficult because of high administration costs and risks associated with both the buyer and seller. Project owners can also accept bids on their projects through platforms like Ethereum, which still provide lower costs than traditional bids from financial companies.

Supply Chain Efficiency 86

Supply Chain Efficiency Bidding Networking Supply chain 86