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. Being responsible for Procurement at the city, county or state level is a big deal and it directly impacts citizens.

Procurement 169

Procurement Real-time Visibility e2e Competitive bidding 169

Procurement Templates

OCTOBER 28, 2023

There are cases when this method isn’t the best, such as when there is a looming deadline or you’re making small purchases, and it would be less efficient to conduct a full-scale competitive bidding process.

Competitive bidding 130

Competitive bidding Bidding Price Suppliers 130

Supply Chain Collaborator

SEPTEMBER 14, 2018

TMS Solution: Competitive Bidding Environment for Spot Market Quoting in TMS. A strong TMS solution provides spot quote automation delivering tenders to an easily expanded group of carriers and capturing competitive bids on exigent shipments. Yet, that doesn’t mean shippers must pay more than they absolutely have to.

Competitive bidding 79

Competitive bidding Logistics Bidding Risk management 79

Spend Matters

DECEMBER 12, 2022

Thoma Bravo emerged from a competitive bidding process to announce its forthcoming acquisition of Coupa," said Jason Busch, Spend Matters founder and CEO. "This is an all-cash transaction with an enterprise value of $8.0 Upon completion of the transaction, Coupa will become a privately held company," explains the press release.

Competitive bidding 88

Competitive bidding Spend management Bidding Buyers 88

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 common type of tender that stimulates competition and minimizes discrimination. Additionally, you will have the knowledge of when to use open or closed tenders in your project.

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Supply Chain Collaborator

OCTOBER 30, 2018

UltraShipTMS Technology Unleashes the Power of Competitive Bidding to Drive Freight Spend Down and Increases Access to Scarce Truckload Capacity. Once tenders are submitted, a shipper enjoys real-time visibility into all the bids proffered by participating respondents. savings on expedited freight costs.

Competitive bidding 60

Competitive bidding Bidding Real-time Visibility Data 60

Procurement Templates

JANUARY 17, 2024

Tendering Procedures: USA: Competitive bidding is a common practice, and there are various types of procurement methods, including Request for Proposals (RFPs), Request for Quotations (RFQs), and Invitation for Bids (IFBs).

Procurement 130

Procurement supply chain budgeting Export Competitive bidding 130

Supply Chain Collaborator

JANUARY 11, 2019

Now here’s the logistics life hack! Instead of using your UltraShipTMS spot quote tool as you normally would (to drive competitive bidding amongst carriers for expedited loads), leverage the tool as an analytics device and gain insight into where your contract rate should be in real time. You’re just not seeing it yet!

Logistics 79

Logistics Competitive bidding Bidding Contract 79

Procurement Tactics

JANUARY 13, 2023

Additionally, procurement can be done through direct purchase, competitive bidding, or tendering process while ensuring that the delivery of supplies is on time. For many professionals, procurement means the process of identifying, shortlisting, selecting, and buying the necessary goods or services from a supplier. .

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Procurement Tactics

JULY 21, 2022

Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. You can also modify the coverage of their profile such as: Production Technology. Shelf/service life of their product. Average lead time. Compliance with quality standards. Incoterms or delivery terms.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Arkestro

JUNE 26, 2024

They explore how effective competitive bidding and the use of AI-driven tools can significantly enhance operational efficiency and cost-effectiveness. Webinars / Arkestro Advisory Council: Logistics Arkestro Advisory Council: Logistics With thought leaders from Accenture and a live case study with GAF.

Logistics 52

Logistics Competitive bidding Bidding Procurement strategies 52

Arkestro

JANUARY 9, 2024

Learn how you can optimize the sourcing process, from generating supplier and price recommendations to facilitating competitive bidding, providing dynamic feedback, and the final awarding process.

Competitive bidding 52

Competitive bidding Procurement Supplier negotiation Bidding 52

Arkestro

MAY 28, 2024

The advantages of using an RFQ in procurement operations include facilitating price comparisons, encouraging competitive bidding, and ensuring transparency in the purchasing process. RFQs focus on pricing and obtaining competitive bids, while RFPs are detailed documents that solicit comprehensive proposals from suppliers.

Competitive bidding 52

Competitive bidding Strategic sourcing Strategic sourcing Procurement 52

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

Arkestro

FEBRUARY 6, 2024

Increasing Competitive Bids On the ground in China, in a new warehouse bigger than three football fields, Arkestro is being applied by the organization to succeed in two key outcomes: controlling costs to save money and creating more competitive bids. The results were immediate.

Competitive bidding 52

Competitive bidding Procurement Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

FEBRUARY 23, 2022

You achieve the process via tendering and competitive bidding. Featuring Our 12 Best Procurement Articles! Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. In other words, procurement is deciding to buy under conditions of less availability.

Procurement 90

Procurement Competitive bidding Purchasing Procurement team 90

World of Procurement blog

APRIL 23, 2024

This can range from competitive bidding to direct negotiations. Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs. Develop Your Approach: Choose your procurement methods based on analysis.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

This can range from competitive bidding to direct negotiations. Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs. Develop Your Approach: Choose your procurement methods based on analysis.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Barkers Procurement

JANUARY 23, 2024

Following selection of the vendor, Barkers created the first draft contract and ran the negotiation process to agree all commercial terms and technical deliverables with the vendor.

Bidding 52

Bidding Procurement Competitive bidding Negotiation 52

The Good Spending

JUNE 22, 2022

Once again, this post isn't made to disapprove the competitive bidding and BAFO rounds. Knowing how some tenders and then yet another "best-and-final" negotiation can take many months, we should ask ourselves if those are truly worth the loss of heavy chunks of revenue?

Procurement 52

Procurement Competitive bidding Bidding Negotiation 52

Supply Chain Game Changer

APRIL 28, 2020

In the case of single sourcing a competitive bidding process is usually conducted before a business aware. What are the Pros and Cons of Single Sourcing or Sole Sourcing? There are both advantages and disadvantages of these sourcing models, of having all your eggs in one basket as it were.

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

Procurement Software

SEPTEMBER 26, 2023

Source-to-Pay on the other hand focuses on the more tactical sourcing performed as part of a competitive bidding process. Source-to-Pay is usually tactical S2P is the typical “three bids and a buy” type of sourcing activity for non-strategic spend. What is Source-to-Pay? Maybe a simple auction could be performed too.

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

The Procuretech Podcast

MARCH 19, 2024

Rujul emphasises the importance of early engagement in procurement to streamline request management, competitive bidding, and spending control. The platform is designed to be the first point of contact in procurement, requiring minimal training due to its simplicity and user-centric design.

Procurement 40

Procurement Competitive bidding Bidding Budget 40

Una

SEPTEMBER 21, 2023

Competitive bidding Encouraging suppliers to compete for your business through competitive bidding processes can result in more competitive pricing and better terms. Buying in bulk or consolidating purchases across departments can often lead to volume discounts, reducing the cost per unit.

Competitive bidding 52

Competitive bidding Ethics Supply Chain Optimization Strategy 52

Una

NOVEMBER 14, 2022

Then, in the 1960s, the practice of competitive bidding became commonplace giving rise to trained procurement professionals. By the 1980s, supplier competition allowed procurement organizations to focus on supplier quality and dependability.

Procurement 98

Procurement Agile and Lean Supply Chain Supply Chain Efficiency Procurement team 98

Market Dojo

DECEMBER 13, 2017

Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process. We’ll follow up with more of Rémy’s insight in due course, but here is an introduction to his Procurement Matrix. ” – Wikipedia.

Procurement 40

Procurement Competitive bidding Buyers Innovation 40

Bonfire

MARCH 24, 2022

Bonfire eProcurement supports that strategic role for hundreds of public sector agencies that rely on us to manage their competitive bid processes. Looking to the next 10 years and beyond, we’ll continue to provide a platform to elevate procurement’s importance and enable strategic decision-making.

Eprocurement 52

Eprocurement Competitive bidding Procurement team Procurement 52

Zycus Cognitive Procurement

JULY 6, 2022

They don’t want to use well-defined competitive bidding or auction processes. When savings are not realized or are allocated in a way that the stakeholders disagree with, it can damage relationships and make it harder to get buy-in on future initiatives. . Enabling beyond the tools.

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

Procurement Software

MARCH 11, 2022

Implement a competitive bidding policy. Having a threshold for competitive bidding facilitates two possible benefits. Implementing user-friendly purchase order processing software such as Procurify will get you halfway there. One time purchases (such as project spend) can take up a lot of procurement time.

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. Implementing user-friendly purchase order processing software such as Procurify will get you halfway there. One time purchases (such as project spend) can take up a lot of procurement time.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Leverage e-procurement tools and online auctions to obtain competitive bids and pricing. Purchasing's value-add is more limited. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 24, 2018

It can involve a simple contract renegotiation, a renewal to achieve more favourable terms and pricing, a competitive bid to several possible suppliers to achieve the best overall solution considering quality and cost or even a full end to end project including project management for implementation of a solution.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Una

NOVEMBER 29, 2023

This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids. Strategic sourcing Invest in strategic sourcing by thoroughly analyzing your organization’s procurement needs and identifying opportunities for cost savings, quality improvements, and risk mitigation.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Supplier relationship management Strategic sourcing 52

Arkestro

SEPTEMBER 29, 2023

Organizations can use Predictive Procurement Orchestration to address tasks that are often completed after an order is placed, including approvals and competitive bids. Expanding Capabilities As automation capabilities increase, we’re able to enhance processes surrounding procurement, including sourcing and intake.

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement Supply Chain Optimization 52

The Procuretech Podcast

OCTOBER 5, 2021

These are some common scenarios for how non-strategic spend can fall through the cracks: Spend that falls below the threshold where competitive bidding is required - i.e. three bids, then a buy - clearly has a lot of untapped opportunity. What typical policies exist for non-strategic spend?

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

Procurement Software

MARCH 11, 2022

Competitive bidding for €10k worth of one-time spend. 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. What’s the cost of the procurement team member‘s time invested versus the end result?

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Jaggaer

OCTOBER 6, 2020

More competitive bidding. The information is stored electronically and is easily accessible, which supports the Office of Central Procurement’s objective to continue to deliver excellent value to the universities and colleges of the A&M system.”. Benefits to Date. 900 sourcing events. Multiple filing cabinets eliminated.

Sourcing 52

Sourcing Bidding Chief Procurement Officer Competitive bidding 52