ProcurePort

JANUARY 19, 2022

Both public and private institutions have procurement provisions requiring competitive bidding before awarding contracts to suppliers. Direct procurement happens when an entity invites a sole entity to supply goods and services without being subjected to a competitive process. The first scenario would be […].

Competitive bidding 245

Competitive bidding Procurement Bidding Contract 245

Procurement Tactics

OCTOBER 18, 2022

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

SCMDOJO

MARCH 14, 2025

It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts. It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Barkers Procurement

DECEMBER 12, 2024

It will require careful planning across multiple areas, not the least of which is supplier relations. And this is where CPOs must take heed: while relationships with key suppliers are crucial, smaller businesses must not be neglected. There is, but only with a mindset that prioritises a smooth relationship with small suppliers.

Suppliers 52

Suppliers Bidding Negotiation Procurement team 52

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. It is a transparent procurement process that allows fair competition for competing contractors and suppliers. Those who have submitted a bid but have not been invited are likely to be ignored.

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Procurement Tactics

MAY 22, 2023

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. To learn more about the RFP process, click here.

Bidding 212

Bidding Budget Negotiation Quality 212

ivalua

JULY 6, 2020

Most public organizations are used to accepting bids from suppliers in paper form, delivered to their offices. With Ivalua for Public Sector , however, our flexibility would enable you to configure a streamlined supplier account request process and bid solicitation platform, so that suppliers could securely upload sealed bid packages.

Innovation 246

Innovation Bidding Budget Suppliers 246

Spend Matters

FEBRUARY 13, 2025

That system could tell you, for example, that the company had spent $XX million with a supplier on a particular ingredient or package. But to make its potato chips, Utz buys many different materials from many different suppliers, and Procurement needed greater data granularity.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Jaggaer

OCTOBER 24, 2024

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.

Collaboration 52

Collaboration Supply Chain Efficiency Suppliers Real-time Visibility 52

SCMDOJO

JULY 28, 2022

However, when you buy something, you may not always know all the suppliers that offer a particular product. Then the Supplier registration form comes in handy. This means that every time you host a sourcing event, the same suppliers bid on the same products at the same prices. What is Supplier Registration?

Suppliers 132

Suppliers Bidding Purchasing Quality 132

Supply Chain Dive

APRIL 25, 2024

The parent company behind brands like Dial soaps said about a quarter of its value chain emissions are caused by packaging and raw materials.

Raw materials 127

Raw materials Bidding Suppliers 127

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. . The RFI is often applied once you have gathered multiple suppliers but you do not have any information about them. Ultimate Supplier Plotting Checklist 2022.

Bidding 178

Bidding Suppliers Procurement Import 178

Supply Chain Dive

MAY 8, 2024

Barbie’s parent company is looking to diversify its production footprint in a bid to optimize costs and fulfillment operations.

Bidding 128

Bidding Suppliers 128

ivalua

APRIL 8, 2021

Supplier diversity is not a new concept. The real challenge is that supplier diversity has generally been viewed as competing with other objectives, such as cost reduction or lowering risk. With diverse suppliers generally being local, that meant supplier diversity competed against the core supplier strategy.

Suppliers 130

Suppliers Risk Bidding Strategy 130

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. It all starts fine with sending your Request for Proposal (RFP) out to your suppliers one by one and then a lot of information starts coming in from various channels and formats.

Competitive bidding 72

Competitive bidding Bidding supply chain software solutions Supply Chain Optimization 72

SCMDOJO

FEBRUARY 16, 2025

They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight. Keelvar Keelvar specializes in autonomous procurement and supplier negotiations, making sourcing more efficient and cost-effective. Analyzes supplier performance, market trends, and contract terms.

Supply Chain Efficiency 73

Supply Chain Efficiency Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 73

Jaggaer

FEBRUARY 5, 2025

A successful approach requires careful assessment of supplier bids, followed by structured onboarding, continuous monitoring, and performance measurement. They instantly compare bids based on predefined criteria, such as the lowest bid, pricing tiers, or total cost of ownership, and rank the suppliers accordingly.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Strategy 52

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. . In project management, an RFP is a formal request sent by companies to potential suppliers to seek products, services, or solutions. . Request For Proposal (RFP) Explained.

Project management 180

Project management Management Bidding Buyers 180

Spend Matters

FEBRUARY 26, 2025

Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn. Its ability to match suppliers with buyers in the public sector and address complex governmental structures and processes has played a key role in its ongoing success.

Procurement 116

Procurement Bidding Contract management Data 116

ivalua

FEBRUARY 10, 2023

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings. Let’s explore further.

Price 264

Price Strategy Sourcing Real-time Visibility 264

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

Procurement Tactics

NOVEMBER 25, 2022

Ultimate Supplier Plotting Checklist 2022. During the Great Recession, 80% of suppliers sustained or increased their income from government business. . If the same pattern follows, we can expect that procurement from government agencies will remain a steady revenue source for suppliers. Download Free Whitepaper ?. ?.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Procurement Tactics

APRIL 17, 2023

Usually, market research covers sourcing for new available suppliers. 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. With this approach, the business limits the requirements as much as possible.

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Procurement Tactics

MARCH 23, 2023

After the creation of the sourcing strategy, it advances to the request for quotation and contract negotiation stage before finally awarding the contract to the most suitable supplier for the company. If you have issued a similar bid before, then you may be able to shorten the bidding process while staying compliant.

Contract 156

Contract Sourcing Purchase orders Bidding 156

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 Procurement 177

ivalua

MARCH 13, 2019

This involves the perspectives of immediate stakeholders, agency leads and the general public, but it also includes the perspectives of suppliers participating in solicitations or seeking opportunities to work with the government. One of the worst possible side effects of a solicitation is when a supplier protests the award decision.

Suppliers 100

Suppliers Contract Bidding Procurement 100

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

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. . Thus, leading to a short list of suppliers. .

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Procurement Templates

NOVEMBER 11, 2022

An example of this is when we buy, use and dispose of products from suppliers. This Procurement Policy Note (PPN) sets out how to take account of suppliers’ Net Zero Carbon Reduction Plans in the procurement of major Government contracts. The bidding entity is wholly owned by the parent; ? Source: [link].

Procurement 130

Procurement Bidding Contract Suppliers 130

Arkestro

NOVEMBER 12, 2024

As companies defer or ignore certain spend categories, they risk missing significant opportunities for cost savings and improved supplier relationships. Worse still, some companies allow suppliers to manage and update their own catalog pricing, creating a situation akin to letting the “fox guard the henhouse.”

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 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

ProcurePort

MAY 5, 2023

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

Bidding 130

Bidding Buyers Price Suppliers 130

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

SCMDOJO

DECEMBER 29, 2024

However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management.

Supply Chain Efficiency 95

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

ProcurePort

DECEMBER 8, 2021

The purpose of an RFP is to invite bids from qualified parties to handle the project. In the proposal, the interested supplier or contractor […]. A request for proposal (RFP) is a document produced by a hospital, or any other organization, outlining plans it intends to undertake and the products and services that will be needed.

Bidding 130

Bidding Suppliers 130

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