Claritum

OCTOBER 30, 2017

On average businesses that automate buying processes can save 56% of their buyers time. In effect doubling their buyer’s capacity. Tools help buyers to streamline business processes, such as specifying, running an RFx, gaining approvals and other key steps. Figure 1: Claritum Buying Process Survey.

Buying process 32

Buying process Bidding Buyers Competitive bidding 32

Procurement Software

APRIL 18, 2023

With tangible benefits for buyers, eAuctions could help your organisation survive the economic downturn. eAuctions are a negotiation method that allow buyers to leverage market-driven pricing opportunities. This saves buyers not only money, but hours of conversation time. This delivers the buyer lower unit prices.

Bidding 52

Bidding Supply Chain Efficiency Real-time Visibility Negotiation 52

Procurement Software

MARCH 11, 2022

Competitive bidding for €10k worth of one-time spend. For the operational and transactional columns, how many of these tasks could be done by an Admin Assistant, Data Analyst or a Junior Buyer? What’s the cost of the procurement team member‘s time invested versus the end result? Do you really need a team of 10 category managers?

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Bonfire

MARCH 24, 2022

Fast-forward 10 years and Bonfire’s eProcurement platform has streamlined the process for 451,506 global users (and counting), including buyers, vendors, and evaluators. Bonfire eProcurement supports that strategic role for hundreds of public sector agencies that rely on us to manage their competitive bid processes.

Eprocurement 52

Eprocurement Competitive bidding Procurement team Procurement 52

Procurement Software

MARCH 11, 2022

Implement a competitive bidding policy. Having a threshold for competitive bidding facilitates two possible benefits. Likewise, a tool such as Pactum can automate a lot of simple, price-based negotiations that would otherwise result in a lot of emails between buyer and supplier. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Implement a competitive bidding policy. Having a threshold for competitive bidding facilitates two possible benefits. Likewise, a tool such as Pactum can automate a lot of simple, price-based negotiations that would otherwise result in a lot of emails between buyer and supplier. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

The Procuretech Podcast

OCTOBER 5, 2021

Finding a more productive use of buyers' time when it comes to the huge operational workload of dealing with non-strategic spend will no doubt be high on the wish list. This should also have an impact on user experience, for both buyer and stakeholder alike, as we move to a better designed B2B software experience! Useful Links.

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Leverage e-procurement tools and online auctions to obtain competitive bids and pricing.

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. 11 – Complete three-way matching After the goods or services have been delivered, the supplier will issue an invoice to the buyer.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

Claritum

OCTOBER 12, 2018

For example in the Retail Sector, The Category Manager is moving to be an “In-store expert” in the visual merchandising, pricing, management, and sales of a certain group or type of products and not just a buyer. Typically the purchasing activity, and hence the automation processes, are set up for a buyer to interact with a supplier.

Procurement 47

Procurement Eprocurement Category management Purchasing 47

Procurement Software

MARCH 7, 2023

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers.

Sourcing 64

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 64

Jaggaer

OCTOBER 6, 2020

We were challenged by suppliers on just a couple of occasions, but our buyers were very quickly able to drill into the history of the bid event and definitively establish there were no issues,” said Schlotthauer. More competitive bidding. Since then OSU has conducted around 900 sourcing events via JAGGAER.

Sourcing 52

Sourcing Bidding Chief Procurement Officer Competitive bidding 52

Procurement Software

MARCH 11, 2022

Competitive bidding for €10k worth of one-time spend. For the operational and transactional columns, how many of these tasks could be done by an Admin Assistant, Data Analyst or a Junior Buyer? What’s the cost of the procurement team member‘s time invested versus the end result? Do you really need a team of 10 category managers?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Planergy

JULY 21, 2023

Goods have fixed prices, whereas services usually involve negotiation between buyers and sellers to reach a pricing agreement. This will enable you to take advantage of better terms due to pre-existing trust between buyer & seller.

Management 52

Management Procurement supply chain budgeting Budget 52

Procurement Software

DECEMBER 5, 2022

Competitive bidding, which optimises cost. Your buyers, financial controllers and cost centre owners can easily track the history of all previous orders from any supplier or against any single cost centre. Industry jargon refers to sourcing and the negotiation of terms and conditions as the “upstream” part of the process.

Sourcing 52

Sourcing supply chain software solutions Procurement Agile and Lean Supply Chain 52

Planergy

AUGUST 8, 2023

Two-Stage Tendering Two-stage tendering is a procurement method where the buyer invites tender in two stages. By issuing RFPs, you can quickly receive competitive bids to ensure you receive the best goods and services at the most affordable price while meeting your specific requirements.

Sourcing 52

Sourcing Suppliers Procurement Bidding 52

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Supply Chain Game Changer

NOVEMBER 14, 2018

Many organizations have developed web-based portals or use other cloud-based services to tie the supplier and buyer together. In return, the receiving organization provides access to key decision makers across the enterprise and feedback to the supplier for wins and losses of competitive bids.

Supplier relationship management 44

Supplier relationship management Suppliers Management Agile and Lean Supply Chain 44