Vested Way

MARCH 25, 2019

Reviewing RFx Bidding Methods: Which Ones are Right for You? Article by Kate Vitasek publishedMarch 2019 in Contract Management Magazine Every day, companies use well-known, tried and true competitive bidding methods to choose their suppliers.

Contract management 40

Contract management Contract Competitive bidding Bidding 40

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. Procure-to-Pay.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

ivalua

OCTOBER 28, 2022

This bill sends plenty of money to the state and local governments–but along with these allocations comes solicitations, procurements, contracts, deadlines, reporting requirements, and other overhead. In two weeks, the LADWP was able to stand-up a solicitations solution with a bid drop-box and a vendor self-service portal.

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

Procurement Tactics

OCTOBER 18, 2022

GEP Smart is a complete procurement solution with full spend analysis, sourcing, contract management, supplier management, purchasing, invoice handling, and saving track processes integrated into it. . It provides supplier relationship management tools that are designed to make the source-to-pay workflow easy.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

ivalua

FEBRUARY 10, 2023

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Jaggaer

FEBRUARY 5, 2025

It includes sourcing and supplier management, contract management, and procure-to-pay (P2P) functions. Some of the most effective techniques include supplier segmentation, e-auctions and competitive bidding, collaborative negotiations, and data analytics for demand forecasting.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Insights

MARCH 16, 2025

Improved Outcome: Proactive contract management , ensuring compliance and preventing costly penalties. 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.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Heads

MARCH 27, 2023

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We’re a point of escalation, for dealing with issues and supporting through the exit of contracts.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Value Match

AUGUST 11, 2022

Bid Management. Contract for Change. Ensure cross-functional teams are established through the development of the sourcing strategy, through the actual procurement and are in place through implementation and into contract management. The post No Substitute for Old Fashioned Contract Management appeared first on.

Contract management 52

Contract management Contract Management Bidding 52

Barkers Procurement

JANUARY 13, 2025

The interim manager also provided specific contract management advice for several large and complex projects. We helped to design a new scoring system for bids based on their sustainability and ESG credentials. Recruiting new members of staff to fill skills gaps.

Bidding 52

Bidding Contract management Contract Procurement team 52

ivalua

JUNE 11, 2019

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. Some of the solution highlights for state and local solution include: Public Portal: Public catalogs, FOIA & bid protest management, optimized search.

Procurement 169

Procurement e2e Real-time Visibility Competitive bidding 169

Procurement Heads

JULY 26, 2023

We implement new contract management procedures so the whole organisation is working to the same contract management levels and principles. Good contract management principles are also high on my agenda. There’s so much value for money lost in poor contract management.

Contract management 130

Contract management Contract Supply Chain Efficiency Price 130

Jaggaer

OCTOBER 24, 2024

In the absence of communication, even the best suppliers can only deliver marginal value at best. For optimal effectiveness, supplier selection, contract management , and supplier development must be supported by consistent, streamlined, and transparent collaboration.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

Procurement Templates

JUNE 4, 2024

If the targets are unrealistic, it is unlikely that any of the Suppliers will bid. The best choice is to get things right by undertaking active contract management and supplier relationship management. We will be assessing Suppliers against their willingness to commit to these.

Contract 130

Contract Suppliers Supplier relationship management Contract management 130

SCMDOJO

DECEMBER 11, 2023

Bid Analysis Report: The “Bid Analysis Report” is a critical component of procurement, serving as a comprehensive document that evaluates and analyzes bids received during the procurement process. The Bid Analysis Report meticulously examines each bid against these criteria to determine its overall suitability.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

Jaggaer

FEBRUARY 5, 2025

In the end-to-end source-to-pay (S2P) process , strategic sourcing is the link between spend analytics, category management and contracts management, and is supported by supplier intelligence. Award & Onboard – At the end of the selection process, you will award the business to one or more suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

TYA Suite

OCTOBER 27, 2024

Detailed reporting features also provide valuable insights into procurement activities, assisting organizations to make data-driven decisions and improve their Contract management is another critical aspect of. Effective contract management ensures that all agreements with suppliers are tracked, monitored, and adhered to.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

Jaggaer

FEBRUARY 5, 2025

In the end-to-end source-to-pay (S2P) process, strategic sourcing is the link between spend analytics, category management and contracts management, and is supported by supplier intelligence. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Insights

MARCH 27, 2025

AdaptOne Solution: Automates purchase requisitions , bid collection , vendor approvals , and contract execution Routes tasks and approvals based on custom workflows Supports both direct (ingredients, materials) and indirect spend categories Impact: Increased speed, fewer errors, lower administrative overhead.

Real-time Visibility 52

Real-time Visibility e2e Suppliers Supply Chain Efficiency 52

ivalua

FEBRUARY 27, 2023

The eSourcing solution includes the ability to create RFPs, receive bids from qualified suppliers, analyze supplier performance, and manage contracts all in one place. In addition, our Contract Management module helps Manufacturers to easily track milestones and consumption in real time across multiple agreements.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Heads

JUNE 6, 2023

Additionally, I am responsible for driving our technology initiatives, including e-tendering platforms, contract management, and ERP integrations. It is contract management, it is low-cost sourcing, and the whole policy side. I also serve as the sponsor for our all of our complex procurement activities.

Contract management 130

Contract management Contract Supply Chain Efficiency supply chain budgeting 130

Procurement Templates

NOVEMBER 11, 2022

. • This should be achieved through asking the supplier specific questions: o at selection stage, seeking evidence of developing and maintaining skills relevant to the contract in question o at award stage, seeking the supplier’s proposals for skills development and apprenticeships in performance of the contract. •

Procurement 130

Procurement Contract Supply Chain Efficiency Bidding 130

Procurement Insights

MARCH 25, 2025

AdaptOne Solution: Automates purchase requisitions , bid collection , vendor approvals , and contract execution Routes tasks and approvals based on custom workflows Supports both direct (ingredients, materials) and indirect spend categories Impact: Increased speed, fewer errors, lower administrative overhead.

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Bonfire

APRIL 3, 2023

Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.

Eprocurement 52

Eprocurement Bidding Strategic sourcing Strategic sourcing 52

Skill Dynamics

AUGUST 4, 2022

Implementing a contract management system. Make use of technology to save time and be more efficient by implementing a contract management system. Let’s admit it: creating contracts is time consuming and businesses often work with hundreds of vendors every year.

Procurement 52

Procurement Bidding Negotiation Contract management 52

Jaggaer

JULY 10, 2024

It applies bonuses, or penalties, based on answers provided by bidding suppliers on factors such as risk and sustainability. A supplier bidding for the contract that meets your carbon emissions baseline would earn a bonus. For example, we could apply a baseline for carbon emissions.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Bidding 52

Procurement Software

SEPTEMBER 24, 2024

Sourcing Generative AI is revolutionising the first steps in the sourcing process, and has the potential to assist in evaluating bids too. AI also excels in analysing bid data, flagging outliers, and automating supplier communication. Contracts Contract management automation has seen rapid growth.

Procurement 52

Procurement Supplier relationship management Bidding Contract 52

Barkers Procurement

MARCH 23, 2022

This included drafting the tender documentation pack, managing clarifications/tender process, stakeholder/bidder communications, bid evaluation/analysis, commercial negotiations, drafting T&Cs, recommendation paper, governance, final contract documentation, bidder debriefs and contract management handover pack for Go-Live date.

Contract management 52

Contract management Contract Market knowledge Negotiation 52

World of Procurement blog

JULY 27, 2021

We’d even go so far to say that the modern procurement pro doesn’t focus that much time on the actual buying, as roles have grown to focus on Supply Chain Management, Contract Management and Relationship Management. Hopefully they are using some awesome Procurement Software to manage this sourcing stage.

Procurement 52

Procurement Procurement team supply chain budgeting Contract management 52

Spend Matters

JUNE 19, 2023

Source-to-contract solution suites automate ‘upstream’ (non-transactional) procurement processes, including spend/supply analytics, sourcing (sourcing strategy and e-sourcing execution), buy-side contract management and supplier management.

Contract 98

Contract Sourcing Suppliers Quality 98

Procurement Software

SEPTEMBER 26, 2023

Source-to-Pay on the other hand focuses on the more tactical sourcing performed as part of a competitive bidding process. Source-to-Pay is usually tactical S2P is the typical “three bids and a buy” type of sourcing activity for non-strategic spend. How much functionality and automation do you want for contract management?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

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

Jaggaer

JULY 7, 2020

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. The Contracts and Contracts Utilization Dashboards provide a series of reports on the number of contracts portioned by different dimensions.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

Zycus Cognitive Procurement

FEBRUARY 8, 2022

To enable procurement teams to be more strategic, firms must put AI at the center of their arsenal and use it to assist with forecasting demand trends, optimizing bids for estimated savings, calculating supplier scores based on negotiated contract terms, monitoring budget performance, and much more.

Procurement 40

Procurement Real-time Visibility Contract management Bidding 40

Planergy

FEBRUARY 24, 2025

This often involves sending a request for proposal (RFP), competitive bidding, detailed evaluations, and comprehensive vendor performance assessments. Contract Negotiation Skilled negotiation helps educational institutions secure favorable terms, competitive pricing, and flexible agreements that adapt to changing institutional needs.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

World of Procurement blog

APRIL 23, 2024

Sourcing Software: Helps companies find and acquire goods and services by managing RFQs (Request for Quotations) and bidding processes. Contract Management: Facilitates the creation, negotiation, approval, and storage of contracts in a secure environment. Examples include SAP Ariba and Coupa.

Procurement 52

Procurement Supply Chain Efficiency Real-time Visibility Purchase orders 52

Spend Matters

JUNE 19, 2023

Source-to-Pay solutions are end-to-end suites that manage integrated procurement/payment processes spanning spend/supply analysis, sourcing, contract management, supplier management and transactional procure-to-pay (P2P). What does a Source-to-Pay solution do?

Sourcing 98

Sourcing Contract Suppliers Quality 98