Supply Chain Dive

JULY 15, 2024

Cotton Trust Protocol and Better Cotton initiative in a bid for greater traceability and transparency over its supply chain. The workwear brand is tapping the U.S.

Supply Chain Efficiency 139

Supply Chain Efficiency Sourcing Sustainability Bidding 139

Jaggaer

FEBRUARY 5, 2025

Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Spend Matters

FEBRUARY 13, 2025

Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Jaggaer

FEBRUARY 5, 2025

What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Supply Chain Efficiency Sourcing 52

SCMDOJO

MARCH 14, 2025

Introduction In the world of public procurement and competitive bidding, a structured tender evaluation process ensures that organizations select the most qualified vendors while maintaining transparency and efficiency. Bid Submission Deadline Set a strict submission timeline to ensure fairness.

Bidding 59

Bidding Contract Contract management Price 59

ivalua

JULY 6, 2020

Some will look to outside sources for solutions and inspiration, whereas some tap into the knowledge that exists within the organization. Most public organizations are used to accepting bids from suppliers in paper form, delivered to their offices. Innovation is a difficult subject for many organizations.

Innovation 246

Innovation Bidding Budget Suppliers 246

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at Sourcing. What does a Sourcing solution do? Sourcing solutions offer supporting content and services for managing market approaches (including category strategy), execution (e.g., RFx management and e-auctions) and portfolio/performance management.

Sourcing 98

Sourcing Bidding Price Suppliers 98

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at Direct Materials Sourcing solutions. What does a Direct Materials Sourcing solution do? See ‘ Sourcing Optimization ‘ for the sourcing of direct services such as complex logistics.

Sourcing 98

Sourcing Bidding Price Suppliers 98

Spend Matters

JUNE 19, 2023

In this article, our analyst Bertrand Maltaverne looks at sourcing optimization. What does a Sourcing Optimization solution do? Why buy a Sourcing Optimization solution Intended to yield optimal sourcing decisions in large/complex sourcing events (i.e.,

Sourcing 98

Sourcing Bidding Price Suppliers 98

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

Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

SCMDOJO

MARCH 14, 2025

Electronic bidding and online platforms for submitting proposals will become the norm, reducing paperwork and the likelihood of errors. However, those that successfully navigate the new landscape stand to gain significant opportunities, as government contracts can provide a stable revenue source.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Procurement Tactics

OCTOBER 12, 2022

A construction request for proposal (RFP) is a document that is used by organizations to get details for accomplishing their goals from potential suppliers and helps to source the best contractor to create the drawing boards. . In construction projects, the RFP is sent out to invite contractors to review project documents and submit bids.

Bidding 177

Bidding Negotiation Collaboration Sourcing 177

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

NOVEMBER 25, 2022

The government contracting market has traditionally been a reliable source of income for contractors, even during times of economic downturn. If the same pattern follows, we can expect that procurement from government agencies will remain a steady revenue source for suppliers. ?. Or receive our famous weekly newsletter.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Procurement Tactics

NOVEMBER 14, 2022

A Request for information (RFI) is a method of gathering information from multiple suppliers before the procurement manager starts to source products or services. . A request for proposal (RFP) is a document that contains the description of the project and solicits bids from potential contractors to complete it. What is RFP?

Bidding 178

Bidding Suppliers Procurement Import 178

Una

NOVEMBER 1, 2022

Benefits of Strategic Sourcing and Best Practices. In doing so, procurement professionals are ascending the corporate stairs to have a more visible seat in their business’s strategic sourcing. Strategic sourcing best practices. Here are four best practices for strategic sourcing: 1. Strategic sourcing is similar.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Supply Chain Brain

AUGUST 12, 2024

The e-commerce giant has been reevaluating China as a source of goods for selling outside the country and is cultivating sellers there.

Bidding 105

Bidding Sourcing 105

Jaggaer

MARCH 30, 2020

Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing.

Sourcing 99

Sourcing Data Bidding Supply Chain Efficiency 99

Una

MARCH 23, 2023

Pain Points in Procurement Series Improving Time-to-Source in Procurement Improving time-to-source in procurement can lead to greater customer satisfaction, streamlined sourcing processes, and increased cost savings. How to improve time-to-source in procurement But how can we speed up time-to-source?

Sourcing 98

Sourcing Procurement Procurement team Contract 98

Spend Matters

JUNE 19, 2023

In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-contract (S2C) solutions. What does a Source-to-Contract solution do? Top 4 Source-to-Contract tech modules What’s the state of different procurement technologies in the market today and do they meet user demands?

Contract 98

Contract Sourcing Suppliers Quality 98

Spend Matters

JANUARY 23, 2025

This, given the productivity constraints of modern strategic sourcing teams, means that they often must choose between refining the assumptions and calculations in their model and doing other things, like studying the broader market, building supplier relationships or solving tactical challenges like shortages. supplier count, event size).

Price 104

Price Negotiation supply chain software solutions Supply Chain Optimization 104

Arkestro

NOVEMBER 12, 2024

Today’s procurement challenges go far beyond cost negotiations and sourcing. In response to these shifting needs, enterprise resource planning (ERP) systems and Source-to-Pay (S2P) platforms have played a pivotal role in enabling procurement teams to manage non-strategic or low-priority spend more efficiently.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

Procurement Tactics

APRIL 17, 2023

Usually, market research covers sourcing for new available suppliers. Depending on the business, a sourcing specialist can help them in identifying new sources of supplies. In government procurement, this usually involves public bidding where suppliers are vying to get the contract.

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Procurement Insights

MARCH 16, 2025

MCP ensures that previous supplier evaluations, compliance issues, and sustainability scores are factored into ongoing sourcing decisions. 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

SCMDOJO

FEBRUARY 16, 2025

Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Automates bidding processes and cost optimization. Assesses supplier bids and optimizes contract terms. Communicates with port authorities to minimize delays.

Supply Chain Efficiency 72

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 72

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. . Outlines your specifications that allow suppliers to understand what to bid to win the project. . Quickly evaluate the strengths and shortcomings of the bidding suppliers.

Project management 180

Project management Management Bidding Buyers 180

ivalua

OCTOBER 29, 2019

This, in turn, opens the door to powerful analytics engines and AI-fueled applications that can answer increasingly complex questions by pulling data from more than one source or transaction. They also want transparency, but in their case, it is visibility into new bids, the state of existing bids, awards, and payment status.

e2e 145

e2e Bidding Contract management Contract 145

ProcurePort

NOVEMBER 3, 2023

Cost savings and increased competition through real-time bidding and transparent processes. Streamlined procurement, improved supplier relationships, and data-driven decision-making for more efficient and effective sourcing. Online reverse auctions have emerged as a powerful tool in this regard.

Bidding 130

Bidding Innovation Sourcing Suppliers 130

ProcurePort

JUNE 9, 2021

When procurement teams are faced with outdated, cumbersome, laborious procurement systems they will more often than not cut corners in a bid to simply get things done. Unfortunately, the subsequent result of this is that vetted suppliers are overlooked and best sourcing in […].

Strategy 130

Strategy Procurement Bidding Procurement team 130

Spend Matters

JUNE 19, 2023

In this article, our analysts Xavier Olivera, Bertrand Maltaverne and Nikhil Gaur look at source-to-pay (S2P) solutions. What does a Source-to-Pay solution do? Click to enlarge Contract lifecycle management (CLM) acts as the intermediary between upstream source-to-contract and downstream P2P processes.

Sourcing 98

Sourcing Contract Suppliers Quality 98

Procurement Templates

NOVEMBER 11, 2022

Source : UN.Org. The energy sector is the source of around three-quarters of greenhouse gas emissions today and holds the key to averting the worst effects of climate change. Replacing polluting coal, gas and oil-fired power with energy from renewable sources, such as wind or solar, would dramatically reduce carbon emissions.

Procurement 130

Procurement Bidding Contract Suppliers 130

ivalua

OCTOBER 28, 2022

Total estimated infrastructure bill allocations: Source. COVID-19 had closed their vendor liaison office and vendors were no longer able to drop off physical bids in person, nor could they conduct bid opening per their established process. Chief among these challenges is the need to modernize procurement processes and tools. .

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

Procurement Tactics

AUGUST 29, 2022

E-tendering or electronic tendering is the process of using e-procurement platforms to automate solicitation bid tenders and assess suppliers. . E-tendering is an essential part of the e-procurement process as it facilitates the way of sourcing suppliers efficiently. . What is E-Tendering? Universities or other organizations.

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

ivalua

NOVEMBER 11, 2020

LADWP Shifts to Electronic Bidding System in Response to Covid-19. Prior to COVID-19, the agency accepted supplier bids by mail or in person — two methods that in an instant became impossible. The challenge involved building a custom supplier portal — a dropbox where suppliers could safely submit their bids online.

Eprocurement 130

Eprocurement Bidding Suppliers Collaboration 130

ivalua

JULY 21, 2021

REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times. 100% visibility of sourcing processes.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130