Procurement Tactics

JULY 21, 2022

33 Procurement Interview Questions in 2022. Procurement Portal — The Ultimate Guide of 2022. Many professionals encounter procurement portals through e-procurement. For this article, we will tackle what procurement portals are. For this article, we will tackle what procurement portals are. First Name.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Procurement Templates

JANUARY 17, 2024

Procurement processes in the USA and the UK share some similarities, but there are also key differences due to variations in legal frameworks, regulations, and cultural practices. Federal procurement is largely governed by the Federal Acquisition Regulation (FAR), which provides guidelines for government contracts.

Procurement 130

Procurement supply chain budgeting Export Competitive bidding 130

Jaggaer

FEBRUARY 5, 2025

Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. Steps, Benefits, and Best Practices S2P covers the entire procurement lifecycle, from supplier selection to final payment.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Tactics

AUGUST 29, 2022

33 Procurement Interview Questions in 2022. E-tendering or electronic tendering is the process of using e-procurement platforms to automate solicitation bid tenders and assess suppliers. . Before the internet and other technological advancements, all processes in procurement are done manually. . First Name.

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

ProcurePort

FEBRUARY 15, 2022

Construction contractors, large-scale manufacturers, and leading suppliers win contracts through competitive bidding. Clients can structure the bidding process in several ways, but the two most crucial methods of soliciting remain: sending a request for proposal RFP or a request for bid and extending an invitation to bid ITB.

Bidding 130

Bidding Competitive bidding Contract Suppliers 130

Procurement Tactics

MARCH 26, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Open Tendering — Everything You Should Know Open tendering is crucial in the acquisition of goods and services for a company. Closed Tenders Only those who are specifically invited can submit their bid.

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Planergy

FEBRUARY 24, 2025

Download Free Copy Ultimate Guide to Procurement in Education: Tips for Schools & Academies Category Spend Management Written by Keith Murphy 16 min read Tags Education Procurement Last edited February 24, 2025 Download PDF IN THIS ARTICLE What is Procurement in Education? What is Procurement in Education?

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

ivalua

JULY 21, 2021

The partnership accelerates procurement digital transformation with Ivalua. REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s global sourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply Chain Optimization Supply chain Competitive bidding 130

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. Bid Submission Deadline Set a strict submission timeline to ensure fairness.

Bidding 59

Bidding Contract Contract management Price 59

Procurement Templates

OCTOBER 28, 2023

3 Quotes Procurement Process: Smart Strategies for Success In today’s fiercely competitive business landscape, refining every step is essential for a company to maintain its competitive edge. In procurement, acquiring goods and services at the right price is fundamental.

Competitive bidding 130

Competitive bidding Bidding Price Suppliers 130

Una

NOVEMBER 14, 2022

Five Predictions for the Future of Procurement. As we move further and further from the effects of a global pandemic, procurement will not revisit the “good old days” of the mid-2010s. COVID permanently changed the procurement game. Did the pandemic already write procurement’s future? By Eric Edwards | November 15, 2022.

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

Supply Chain Game Changer

FEBRUARY 23, 2022

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. You achieve the process via tendering and competitive bidding. In other words, procurement is deciding to buy under conditions of less availability.

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Procurement Purchasing Competitive bidding Procurement team 90

Arkestro

JANUARY 9, 2024

Webinars / Introduction to Arkestro’s Predictive Procurement Orchestration Introduction to Arkestro’s Predictive Procurement Orchestration Derek Mellott Arkestro Solution Consultant Summary: In these overview videos, you’ll learn about the innovative features of Arkestro’s Predictive Procurement Orchestration platform.

Competitive bidding 52

Competitive bidding Procurement Supplier negotiation Bidding 52

Arkestro

MAY 28, 2024

Resources / Blog / Mastering Procurement Acronyms: Understanding of RFI, RFQ, and RFP Mastering Procurement Acronyms: Understanding of RFI, RFQ, and RFP Unravel the mystery of procurement acronyms with this comprehensive guide to RFI, RFQ, and RFP. Take your procurement knowledge to the next level!

Competitive bidding 52

Competitive bidding Procurement Strategic sourcing Strategic sourcing 52

World of Procurement blog

APRIL 23, 2024

One critical area that often comes under scrutiny is the procurement process. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage. 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

One critical area that often comes under scrutiny is the procurement process. Procurement isn't just about purchasing goods and services; it's a strategic function that if executed well, can significantly contribute to a company's competitive advantage. Develop Your Approach: Choose your procurement methods based on analysis.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 52

Supply Chain Collaborator

JANUARY 11, 2019

That means, unless your company runs procurement events very regularly you’re poised to be overpaying. If your TMS solution does not offer a competitive bidding capability for spot market activity, then you should talk to us about getting set up with the UltraShip Spot Bidding Tool today! You’re just not seeing it yet!

Logistics 79

Logistics Competitive bidding Bidding Contract 79

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. My Udemy course "Procurement Lab."

Competitive bidding 40

Competitive bidding Bidding Procurement Quantity 40

Arkestro

JUNE 26, 2024

Summary: Advisory council members discuss the challenges and strategies surrounding logistics in procurement. They explore how effective competitive bidding and the use of AI-driven tools can significantly enhance operational efficiency and cost-effectiveness.

Logistics 52

Logistics Competitive bidding Bidding Procurement strategies 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

The Good Spending

JUNE 22, 2022

The actual cost of the bad procurement process Bad procurement concerns poor planning, untimely delivery, inflated product cost, failed supplier relationships, and many more. Earlier, we provided some bad procurement examples by researching t he RFP procurement process's cost , which can outweigh the benefits of competition.

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Procurement Competitive bidding Bidding Negotiation 52

Arkestro

FEBRUARY 6, 2024

Resources / Blog / How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days How Predictive Procurement Orchestration Helps Unlock Savings in 60 Days What if you could implement a procurement platform that was so easy to use, your team could be up and running after just one hour of training?

Procurement 52

Procurement Competitive bidding Real-time Visibility Supply Chain Efficiency 52

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

World of Procurement blog

MAY 8, 2024

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Claritum

NOVEMBER 16, 2018

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction. Remove the noise.

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Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Software

MARCH 7, 2023

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. Table of Contents What is P2P in Procurement?

Sourcing 64

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

Pipefy

MARCH 6, 2023

Procurement is one of the most critical processes in any business. procurement ensures that materials, supplies, and labor are available to help the business meet its goals. But procurement is also about vendor relationship management, preventing avoidable costs, and handling a high volume of incoming purchase requests.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59

Supply Chain Game Changer

NOVEMBER 24, 2018

Then you need Virtual Procurement! We are too small and can’t afford to hire a full-time procurement person. We are busy and just don’t have the time to focus on procurement.”. “We These companies redoubled their efforts, looked hard at their expenses and called upon their procurement organizations for help.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

Arkestro

SEPTEMBER 29, 2023

By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate (CAGR) of nearly 20% , equating to $8.36 This is largely driven by technological innovations shaking up the industry, with autonomous procurement at the helm. What is autonomous procurement? Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Market Dojo

DECEMBER 13, 2017

We recently encountered an article on Linkedin by Rémy de Lavergne, a highly experienced procurement professional with a specialism in Logistics. We’ll follow up with more of Rémy’s insight in due course, but here is an introduction to his Procurement Matrix. The Lavergne Procurement Matrix is protected by a copyright.

Procurement 40

Procurement Buyers Competitive bidding Innovation 40

The Procuretech Podcast

MARCH 19, 2024

In this episode of The Procurement Software Podcast, host James Meads interviews Rujul Zaparde, founder and CEO of Zip. They discuss the importance of embracing modernisation and digitisation in procurement. Will Intake-to-Procure replace Source-to-Pay? We'll be back at the same time next week, so see you there.

Procurement 40

Procurement Competitive bidding Bidding Budget 40

Supply Chain Game Changer

APRIL 28, 2020

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. Single sourcing is the result of a very conscious decision usually made by the Procurement or Purchasing department.

Sourcing 82

Sourcing Bidding Supply chain Suppliers 82

Procurement Software

DECEMBER 5, 2022

Procure-to-Pay (P2P) and Source-to-Pay (S2P) are not just fancy acronyms used by consultants, procurement and finance professionals. This reflects the increasing digitisation trend in procurement to manage both operational and strategic processes more effectively. What is P2P in Procurement? What is P2P in procurement?

Sourcing 52

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

Procurement Software

SEPTEMBER 26, 2023

If you’re wondering, then we also covered the key differences between source-to-pay and procure-to-pay in a separate article! Source-to-Pay on the other hand focuses on the more tactical sourcing performed as part of a competitive bidding process. S2C is an “upstream” procurement process. What is Source-to-Contract?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 59

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 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Planergy

JULY 21, 2023

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? What Is The Difference Between Goods and Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Empowering CPO

MAY 4, 2023

Importance of procurement in modern businesses In today’s fast-paced and competitive business landscape, procurement plays a crucial role in driving efficiency, cost savings, and overall success. Introduction A. Embrace Digital Transformation A.

Procurement 52

Procurement Procurement strategies Cost of ownership Supply Chain Efficiency 52