The Good Spending

OCTOBER 17, 2021

Competitive bidding may become bad procurement practice The use of competitive bidding remains an established practice. This happens despite the well-known Kraljic matrix recommendation to exercise competitive bidding selectively, e.g., for leverage items.

Competitive bidding 40

Competitive bidding Bidding Procurement Quantity 40

Barkers Procurement

JANUARY 23, 2024

This resulted in £10m of savings against budget, a selection process completed to agreed timescales and a robust contract detailing circa 400 individual deliverables. All processes were subject to both internal and external audits.

Bidding 52

Bidding Procurement Competitive bidding Negotiation 52

Procurement Software

MARCH 11, 2022

Ask yourself why it is that startups are so lean and agile… Then there are those processes that just create work for work‘s sake: Travel approval requests: Just give each manager a budget. Competitive bidding for €10k worth of one-time spend. Florian Kleemann on this topic.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

The Procuretech Podcast

MARCH 19, 2024

Rujul shares insights on how to effectively allocate a budget for driving change within the function, highlighting the significance of control and visibility over spend in today's procurement landscape. In this episode of The Procurement Software Podcast, host James Meads interviews Rujul Zaparde, founder and CEO of Zip.

Procurement 40

Procurement Competitive bidding Bidding Budget 40

Supply Chain Game Changer

NOVEMBER 24, 2018

Perhaps there is not enough volume of purchasing activity to justify hiring a full-time or even a contract resource, or if there is, and they can afford to do so, they will hire someone full-time who is very junior, fits their meager budget and too often lacks the skills and experience to drive savings and strategic value for the organization.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Zycus Cognitive Procurement

JULY 6, 2022

Unfortunately, this leaves an already-struggling department with an even smaller budget, making it difficult to continue providing the same level of service. They don’t want to use well-defined competitive bidding or auction processes. Enabling beyond the tools.

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Implement a competitive bidding policy. These requirements are often not well negotiated because as long as the stakeholder is within budget, he/she probably doesn’t care so much about the cost. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Even if budgets have been set, there is very little control that a CFO or a procurement team can yield. Implement a competitive bidding policy. These requirements are often not well negotiated because as long as the stakeholder is within budget, he/she probably doesn’t care so much about the cost. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Planergy

JULY 21, 2023

You set the budget and deliverables, then work with various freelancers with a test assignment. Contract Negotiation Finalize agreements with selected vendors, considering budget constraints and legal considerations. Inadequate Budgeting Without a budget, a business may not be able to negotiate favorable terms with providers.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

MARCH 11, 2022

Ask yourself why it is that startups are so lean and agile… Then there are those processes that just create work for work‘s sake: Travel approval requests: Just give each manager a budget. Competitive bidding for €10k worth of one-time spend. Florian Kleemann on this topic.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Planergy

AUGUST 8, 2023

They include: Open tendering Single-source procurement Two-stage tendering Restricted tendering Request for proposal (RFP) Request for quotation (RFQ) Your procurement team will determine which method to source goods and services based on what you need, when you need it, your budget, and other factors. Download PDF What’s your goal today?

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. It also identifies required resources, budgets and milestones for a successful strategic transformation. Leverage e-procurement tools and online auctions to obtain competitive bids and pricing. needed to deliver on the KPIs.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Pipefy

MARCH 6, 2023

This is essentially a competitive bid process that the procurement team can use to determine which supplier meets quality and quantity criteria and can deliver the goods or services within budget. 7 – Issue RFQ Suppliers who meet the initial requirements will be invited to submit a quote. Learn more about RFQ s.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

Claritum

SEPTEMBER 27, 2018

The financial factors we will include in this section relate to the different organisations approach to budgets and spend. Typically in NfP organisations budgets are set at a specific time of year, with very precise allocations to defined projects and objectives. Seeking to maximise use of minimum budget: spend money wisely.

Supply Chain Efficiency 36

Supply Chain Efficiency supply chain budgeting Procurement Ethics 36

TYA Suite

NOVEMBER 25, 2024

This strategy outlines how the organization will approach the market, including the criteria for supplier selection, sourcing methods (such as competitive bidding or direct negotiations), and the desired outcomes. In procurement, success is often measured by cost savings and compliance with budgets.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Supply Chain Collaborator

AUGUST 3, 2018

As if you needed another reason to embrace the cost-saving, capacity-finding, efficiency-boosting, customer-pleasing benefits yielded by the use of a well-designed and deployed TMS platform – the Trump Trade War and associated tariffs add another unexpected cost to already-squeezed transportation budgets.

Dwell Time 87

Dwell Time Real-time Visibility Competitive bidding Bidding 87