ivalua

JULY 21, 2021

As part of the partnership with Consus, REV has implemented Ivalua, a leading provider of global Spend Management Cloud solutions, to achieve a more focused and faster source-to-contract cycle. Competitive bidding to drive cost savings. Ivalua is a leading provider of cloud-based Spend Management solutions. ABOUT IVALUA

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

Spend Matters

DECEMBER 12, 2022

Categories: Industry News , Source to Pay , Spend Management Tags: EU , mergers and acquisitions Giant of the Business Spend Management (BSM) world, Coupa Software, this morning announced it has entered into a definitive agreement to be acquired by Thoma Bravo, one of the largest private equity firms in the world.

Competitive bidding 107

Competitive bidding Spend management Bidding Buyers 107

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 may be complicated but it simply refers to the process of managing tenders digitally. It empowers organizations to manage and access information through the portal.

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

Procurement Insights

APRIL 3, 2025

Heres an analysis of the unique benefits that ThroughPut.ai, FlockScore, and ProcurEngine can offer to address common supply chain challenges such as inefficiencies, demand forecasting, cost management, and supplier performance. These insights are based on their general focus areas within the ProcureTech and supply chain optimization space.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 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. Contract Signing Finalize agreements and establish contract management mechanisms.

Bidding 59

Bidding Contract Contract management Price 59

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. He or she works closely with the procurement manager and is in charge of getting in touch with every department of your company. . Procurement manager.

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Supply Chain Collaborator

SEPTEMBER 14, 2018

TMS solutions and associated logistics IT tools are a critical part of any successful volume shipper’s supply chain risk management plan. TMS Solution: Competitive Bidding Environment for Spot Market Quoting in TMS. Yet, that doesn’t mean shippers must pay more than they absolutely have to.

Competitive bidding 79

Competitive bidding Logistics Bidding Risk management 79

Procurement Tactics

JULY 21, 2022

Procurement portals have shaped supply chain management drastically. A vendor portal is a secure and safe management system that aids companies to connect with many suppliers to streamline their procurement process. . Due to this, the procurement portal saves you from managing huge volumes of data manually. . Average lead time.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

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. It is a common type of tender that stimulates competition and minimizes discrimination.

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

Vested Way

MARCH 25, 2019

Article by Kate Vitasek publishedMarch 2019 in Contract Management Magazine Every day, companies use well-known, tried and true competitive bidding methods to choose their suppliers.

Contract management 40

Contract management Contract Competitive bidding Bidding 40

Supply Chain Collaborator

JANUARY 11, 2019

The following logistics life hack, specifically directed at transportation managers, presses an existing TMS element into service in an unexpected, unorthodox way and promises to save shippers significantly on freight costs by providing an innovative way to validate rates in a volatile environment. You’re just not seeing it yet!

Logistics 79

Logistics Competitive bidding Bidding Contract 79

Planergy

FEBRUARY 24, 2025

Modern Spend Management and Accounts Payable software. How better management in AP can give you better flexibility for cash flow management. It involves long-term planning, vendor relationship management, and aligning procurement decisions with institutional goals. What's PLANERGY?

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The best opportunities now lie in tail spend management. Automating or simplifying this process can capture a lot of purchases in their net that were previously not being actively managed by Procurement.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Instead of looking at direct materials and purchased parts, the hidden opportunity is often found in effective tail spend management. The best opportunities now lie in tail spend management. Automating or simplifying this process can capture a lot of purchases in their net that were previously not being actively managed by Procurement.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Arkestro

JANUARY 9, 2024

Using a unique blend of behavioral science, game theory, data science, and automation, Arkestro redefines procurement management, tackling challenges such as time constraints, scale, and supplier negotiation.

Competitive bidding 52

Competitive bidding Procurement Supplier negotiation Bidding 52

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Download Free Copy Services Procurement: What Is It and How To Manage It Written by Rob Biedron 15 min read Business Process Management (BPM) Process & Procedures Procurement Download PDF IN THIS ARTICLE What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Empowering CPO

JULY 5, 2023

Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.

Management 52

Management Procurement Real-time Visibility Ethics 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. The bidding cost could be as high as 1.2%

Competitive bidding 40

Competitive bidding Bidding Procurement Quantity 40

Supply Chain Game Changer

FEBRUARY 23, 2022

You achieve the process via tendering and competitive bidding. That said, there’s always a team to manage IT procurement, but this may be a risky affair in case the people involved don’t have the required expertise considering that IT is a critical area. Featuring Our 12 Best Procurement Articles!

Procurement 90

Procurement Purchasing Competitive bidding Procurement team 90

World of Procurement blog

APRIL 23, 2024

It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions. This can range from competitive bidding to direct negotiations.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

World of Procurement blog

APRIL 23, 2024

It helps in achieving better cost management and savings, improving supplier relationships, ensuring the quality of goods and services, and mitigating risks associated with supply chain disruptions. This can range from competitive bidding to direct negotiations.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 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. Further the Procurement team only needs to deal with one supplier in managing that particular supply line. More resource may be required to manage more suppliers. Quality and delivery may be inconsistent.

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. How much functionality and automation do you want for contract management?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

Una

SEPTEMBER 21, 2023

Cost Savings vs. Cost Avoidance in Procurement Understand cost savings vs. cost avoidance in procurement and how each distinctly impacts an organization’s approach to cost management. While cost savings and cost avoidance may seem interchangeable at first glance, they represent distinct approaches to cost management.

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 and supply chain management have important future roles to play with ESG.

Procurement 98

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

Arkestro

FEBRUARY 6, 2024

Our team traveled to Asia to train 25 of the organization’s employees (including buyers and sourcing managers) on how PPO can be applied in their specific circumstances. The results were immediate.

Procurement 52

Procurement Competitive bidding Real-time Visibility Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a THIRD of their time performing “busy work” This is not an effective or efficient use of their time.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Barkers Procurement

JANUARY 23, 2024

The client required IT Procurement resource to support: Creating RFP documents and running the RFP and vendor selection processes for a largescale IT Transformation Programme Engaging with and leading senior management throughout the process Negotiating detailed deliverables and commercials with a Tier 1 Service Provider.

Bidding 52

Bidding Procurement Competitive bidding Negotiation 52

Zycus Cognitive Procurement

JULY 6, 2022

That’s where category managers come in. They help segment and prioritize the expenditure, making it more manageable. When management is looking to cut costs, it’s up to the category managers and other procurement professionals. They don’t want to use well-defined competitive bidding or auction processes.

Category management 52

Category management Competitive bidding Raw materials Eprocurement 52

World of Procurement blog

MAY 8, 2024

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Purchasing is more transactional and tactical.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 24, 2018

Those same companies, out of necessity, became more sophisticated and implemented Strategic Sourcing and Category Management, delivering substantial savings to their companies bottom line and even help capture innovation. We can even manage all your contracts for you utilizing our new Contract Management as a Service (CMaaS).

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Una

NOVEMBER 29, 2023

Utilizing a GPO to manage some of the more time-consuming activities can help save you more money, time, and effort. Supplier relationship management Dedicate time to nurturing and strengthening relationships with your key suppliers. Day-to-day procurement tasks can bog you down.

Supply Chain Efficiency 52

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

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

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. The Bureaucrat who manages supply but creates no value for clients nor cost -reduction for the organisation. ” – Wikipedia.

Procurement 40

Procurement Buyers Competitive bidding Innovation 40

The Procuretech Podcast

OCTOBER 5, 2021

Managing this through traditional channels - i.e. ERP systems - is a cumbersome process for both the procurement professional who has to manage it, and the stakeholder who just wants a simple, user-friendly interface to be able to buy something. Deloitte's 2021 CPO Survey points towards more effective management of tactical spend.

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

Procurement Software

MARCH 7, 2023

Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. What steps are involved in Source-to-Pay?

Sourcing 64

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