Procurement Tactics

DECEMBER 26, 2022

Thus, a bigger company named PULSO won the bid and collaborated with Oxiframe to make an innovative solution. . It is estimated that more than 200 organizations submitted a bid for the different calls based on the InDemand model from the numerous procurement organizations. . Final Deal: The first contract was issued in January 2014.

Procurement strategies 267

Procurement strategies Strategy Procurement Bidding 267

Spend Matters

JANUARY 23, 2025

This article will outline those limitations and propose that invoking competitive negotiations with machine learning solutions such as Arkestro is the optimal way to evaluate the market competitiveness of price quotes. Thus, should-cost models often misrepresent what constitutes a good price. supplier count, event size).

Price 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. When assessing bids following an eAuction, the process typically involves a combination of automated tools and human decision-making, especially when evaluating factors beyond just price.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

Supply Chain Game Changer

JUNE 23, 2021

Competitive bidding results article and permission to publish here provided by James Liang at PowerRFP. Leading a competitive bidding process can be painful. In the end, you are the one who is painfully sorting through all the information and trying to make sense of everything as you strive to get competitive bidding results.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

Procurement Tactics

APRIL 17, 2023

Information such as the number of available supplies and the pricing per supply are just some that you can ask when making the request. Requisition For Quotation (RFQ) The request for quotation is part of the procurement process where you ask suppliers for the initial pricing of their materials or services.

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Supply Chain Dive

MAY 17, 2023

The movie theater chain will launch its own sweets line by early next year in a bid to lower costs.

Price 107

Price Bidding 107

SCMDOJO

MARCH 14, 2025

Electronic bidding and online platforms for submitting proposals will become the norm, reducing paperwork and the likelihood of errors. Comparison with the previous procurement regulations Key Features Philippines (Republic Act No.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Arkestro

NOVEMBER 12, 2024

The Pitfalls of Catalog Pricing Catalog workflows, often compared to Amazon-style experiences, have made it easier for organizations to delegate spend management to other teams. Pricing in these catalogs can quickly become stale, as it is not updated regularly to reflect market changes. However, this convenience comes with a downside.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Procurement Tactics

NOVEMBER 25, 2022

Higher costs of living (as measured by the Consumer Price Index) may be indicative of a recession if inflation is involved. Consumer Price Index (CPI) has continued to rise along with inflation for the first half of 2022, declining for the first time in August. Namely, it can curb consumer spending. According to the U.S.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Procurement Tactics

NOVEMBER 14, 2022

A request for proposal (RFP) is a document that contains the description of the project and solicits bids from potential contractors to complete it. This document defines the project, goals, and the organization that sponsors it and outlines the bidding process and contract terms. . RFP commonly contains a pricing component.

Bidding 178

Bidding Suppliers Procurement Import 178

Procurement Tactics

OCTOBER 6, 2022

A request for proposal (RFP) is an important document that is used to solicit bids prior to the acquisition of goods and services for a project. . With an excellent RFP, you can do these: Gather quotes from numerous suppliers to evaluate their prices and abilities which are factors to select for your project. . Why is it important?

Project management 180

Project management Management Bidding Buyers 180

SCMDOJO

APRIL 3, 2022

They are far more convenient than conventional discussions and negotiations, providing procedural integrity and transparency while also lowering final prices owing to enhanced supplier competitiveness. Digital bidding, or eAuctions, are a more efficient way of negotiating with vendors in the international market.

Supply Chain Efficiency 141

Supply Chain Efficiency Bidding Procurement team supply chain software solutions 141

Procurement Tactics

OCTOBER 12, 2022

In construction projects, the RFP is sent out to invite contractors to review project documents and submit bids. RFIs can occur at any stage in the construction project including the construction procurement to clarify the needed materials prior to the submission of the bids. Request of Qualifications (RFQ). Request for Quote (RFQ).

Bidding 177

Bidding Negotiation Collaboration Sourcing 177

ProcurePort

AUGUST 31, 2023

Prioritize Features & Security: Opt for software with essential tools like dynamic bidding and ensure robust data protection. Evaluate Needs & Usability: Understand auction specifics and prioritize an intuitive, mobile-responsive platform.

Bidding 130

Bidding Procurement team Procurement strategies Price 130

ProcurePort

MAY 5, 2023

Reverse auction software is a digital platform that enables buyers to solicit bids from multiple suppliers in real-time. They must offer the lowest price for the product or service. […] The post How Much Cost Savings Can I Achieve Using Reverse Auction Software? The lowest bidder wins in this auction, not the highest.

Bidding 130

Bidding Buyers Price Suppliers 130

Supply Chain Collaborator

AUGUST 17, 2018

After all, when it has to be there on time and lead time is already short, simply finding a carrier willing to move the freight at any price can seem like a win. While you can’t completely avoid premium pricing when shipping via the spot market, you can certainly take steps to ensure you’re paying the lowest premium the market will bear.

Budget 100

Budget Competitive bidding Bidding Logistics 100

Barkers Procurement

DECEMBER 12, 2024

In practice, these businesses are liable to drop out before bidding or contract negotiations can be completed. Strengthen the bidding process Next, procurement teams can make the prospect of working together more compelling. Small suppliers will require a lot of information while bidding and providing it can take time.

Suppliers 52

Suppliers Bidding Negotiation Procurement team 52

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 Templates

OCTOBER 28, 2023

In procurement, acquiring goods and services at the right price is fundamental. 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. before finalizing the deal.

Competitive bidding 130

Competitive bidding Bidding Price Suppliers 130

ivalua

DECEMBER 5, 2019

However, all too often supplier relationships become transactional, where the primary focus is to cut supplier prices. Not only will this allow businesses, in the UK and globally, to innovate at pace, but it also creates collaborative partnerships that generate more sustainable cost savings, rather than pressuring suppliers to cut prices. .

Innovation 170

Innovation Suppliers Procurement Collaboration 170

ProcurePort

OCTOBER 15, 2019

Unlike a typical auction, the sellers are bidding to obtain a company’s business. The bidding for business generally leads to the prices offered to drop during the period of the procurement auction. A reverse auction is considered a staple of e-procurement.

Bidding 100

Bidding Procurement Price Suppliers 100

ProcurePort

SEPTEMBER 18, 2019

Unlike a typical auction, the sellers are bidding to obtain a companies business. The bidding for business generally leads to the prices offered to drop during the period of the procurement auction. A reverse auction is considered a staple of e-procurement.

Bidding 100

Bidding Procurement Price Suppliers 100

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. The organization evaluates the suppliers based on the price and quality of their materials or services.

Procurement 130

Procurement Bidding Supply Chain Efficiency Contract 130

Procurement Tactics

AUGUST 29, 2022

E-tendering is used by many companies as it helps them to find the best suppliers for upcoming purchases at the right price. E-tendering or electronic tendering is the process of using e-procurement platforms to automate solicitation bid tenders and assess suppliers. . Or receive our famous weekly newsletter. What is E-Tendering?

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

SCMDOJO

APRIL 3, 2025

The US government is using tariffs in a bid to protect local industries and influence trade. They can raise consumer prices, reduce imports, change trade patterns, and cause other countries to retaliate. Can you increase prices for customers? Understanding US Tariff Turbulence Tariffs are taxes on imported goods.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Optimization supply chain budgeting Supply Chain Efficiency 52

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Nishiguchi set out eight steps in strategic sourcing: Assessment of a companys current spending (what is bought, where, at what prices?)

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Spend Matters

JUNE 19, 2023

However, the calculation these solutions can do and external data feeds that can be used in price sheets are limited. Similarly, average solutions offer sourcing automation, but it is limited to simple tasks like supplier invitations and bid acceptance (but not award). market/community price) processes.

Sourcing 98

Sourcing Bidding Price Suppliers 98

Procurement Heads

MARCH 27, 2023

The ongoing impact of inflation and fluctuations in materials pricing continue to have an impact, and it’s increasingly challenging to negotiate because prices are changing significantly within a short period of time. There’s a lack of certainty over Ukraine and any escalation that’s going to happen.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

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

Procurement Tactics

AUGUST 9, 2022

The goal of every organization when procuring materials is to get the maximum value for the lowest possible price. . In order for the organization to know that it is getting the best deal, it needs to ask for more than one bid. . The organization must be wary of vendors whose pricing is far lower than others.

Vendor relationships 130

Vendor relationships Quality Price Bidding 130

ivalua

JULY 11, 2022

Automated Bid & Buy: Empower users to conduct simple and automated spot bids from within a purchase requisition. This will free up more valuable time for users to manage critical issues around supply disruption, price volatility, as well as environmental, social, and governance risks.”. Procure-to-Pay. About Ivalua.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

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

Arkestro

OCTOBER 29, 2024

Resources / Blog / Automated Line Item Suggested Pricing Leads to Success Automated Line Item Suggested Pricing Leads to Success AI and machine learning is taking procurement by storm and once time consuming tasks are becoming streamlined through technology and data-driven processes. What Is Suggested Pricing?

Price 52

Price Procurement team Negotiation Suppliers 52

SCMDOJO

DECEMBER 11, 2023

Item Details and Total Cost: Description, Quantity, and Unit Price: Specifics of the items or services, including descriptions, quantities, and unit prices. Total Cost: The overall cost of the purchase order, calculated based on quantities and unit prices. Download Free Bid Analysis Report 8.

Supply Chain Efficiency 21

Supply Chain Efficiency Purchase orders Procurement Bidding 21

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

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

ivalua

NOVEMBER 29, 2021

Poorly utilized preferred suppliers with negotiated pricing. Spot Bids: Promoting this as an option to employees will help ensure that Procurement gets involved but also that employees are not waiting for a long sourcing event to take place, its done in a matter of days. How to analyze your Tail Spend: Understanding spend data.

Buyers 130

Buyers Real-time Visibility Purchasing Spend management 130

The Procuretech Podcast

SEPTEMBER 8, 2020

Bid Ops was recognised for its disruptive contribution to the procuretech space when it won Best Startup award at the 2019 Digital Procurement World conference in Amsterdam. Making e-Sourcing Faster and More Effective using AI and Game Theory: Edmund Zagorin from Bid Ops 2:09 Bid Ops recently won the best startup award at DPW 2019.

Bidding 40

Bidding Sourcing Budget Negotiation 40