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. Read more here.

Competitive bidding 107

Competitive bidding Spend management Bidding Buyers 107

Procurement Tactics

AUGUST 29, 2022

E-tendering is an essential part of the e-procurement process as it facilitates the way of sourcing suppliers efficiently. . It is important because organizations can choose qualified vendors and competitive bids on their advantages. This course is a perfect fit for ambitious procurement & sourcing professionals.

Competitive bidding 130

Competitive bidding Bidding Contract Suppliers 130

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. Source-to-Contract: Subcontractor identification and management, distributor/dealer management, compliance management, and enhanced subcontractor and diversity reporting.

Procurement 169

Procurement e2e Real-time Visibility Competitive bidding 169

Procurement Software

SEPTEMBER 26, 2023

There is a distinct and significant different between Source-to-Contract (S2C) and Source-to-Pay (S2P). If we look at it in terms of software, there are significant differences between the features offered by Source-to-Contract software solutions vs. Source-to-Pay suites. What is Source-to-Contract?

Sourcing 59

Sourcing Contract Competitive bidding Bidding 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. Strategic sourcing manager. The strategic sourcing manager is responsible for high-value purchases. Procurement consultant.

Procurement 171

Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

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.

Bidding 59

Bidding Contract Contract management Price 59

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. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 64

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

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. What is Procurement?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Procurement Tactics

JULY 21, 2022

Leverages competitive bidding. A procurement portal offers a variety of ways for stress-free bidding management. This course is a perfect fit for ambitious procurement & sourcing professionals. You can also modify the coverage of their profile such as: Production Technology. Shelf/service life of their product.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Jaggaer

OCTOBER 6, 2020

“We have captured many benefits thanks to the decision we took to extend our JAGGAER implementation to include sourcing. And not least, double-digit cost savings on our electronic sourcing bid events.”. Since then OSU has conducted around 900 sourcing events via JAGGAER. Paperless at the O.K. Quick on the Draw.

Sourcing 52

Sourcing Bidding Chief Procurement Officer Competitive bidding 52

Una

OCTOBER 9, 2023

How to Implement a Strategic Sourcing Process A play-by-play manual showing how to implement a strategic sourcing process that aligns with your organization’s goals, optimizes spend, and creates long-term value. At its core, strategic sourcing formalizes the process of finding, assessing, and choosing suppliers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

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. Behind these terms are whole concepts of processes that manage how goods and services in your business are requested, sourced, received and paid. What steps are involved in Source-to-Pay?

Sourcing 52

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

Arkestro

MAY 28, 2024

Procurement requests are a critical component of strategic sourcing and purchasing initiatives for businesses. Understanding the role of these documents during each phase of the procure-to-pay or source-to-pay process is a key step in designing an optimal and autonomous sourcing workflow.

Competitive bidding 52

Competitive bidding Procurement Strategic sourcing Strategic sourcing 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

TYA Suite

NOVEMBER 25, 2024

What is strategic sourcing and how does it work? Strategic sourcing is a method used by businesses to buy goods and services in a way that focuses on long-term value, not just short-term savings. Unlike traditional sourcing, which usually aims to find the lowest cost option and looks at the bigger picture.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Planergy

AUGUST 8, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Organizations are constantly exploring new procurement methods to create a more strategic procurement strategy and ensure competitive procurement. How to gain visibility and control of your indirect spend.

Sourcing 52

Sourcing Suppliers Procurement Bidding 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. My Udemy course "Procurement Lab."

Competitive bidding 40

Competitive bidding Bidding Procurement Quantity 40

Procurement Insights

APRIL 3, 2025

NOTE: In the video, below the interview starts at the 4:41 mark ProcurEngine ProcurEngine is a procurement automation platform that emphasizes streamlining sourcing, negotiation, and supplier management through digital tools and analytics. ProcurEngine Focus: Procurement automation, e-sourcing, and negotiation tools.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain Real-time Visibility 52

Planergy

FEBRUARY 24, 2025

This often involves sending a request for proposal (RFP), competitive bidding, detailed evaluations, and comprehensive vendor performance assessments. Contract Negotiation Skilled negotiation helps educational institutions secure favorable terms, competitive pricing, and flexible agreements that adapt to changing institutional needs.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

World of Procurement blog

APRIL 23, 2024

This can range from competitive bidding to direct negotiations. Sole Source vs Single Source vs Competition Sole Source Procurement is when a supplier is the only one capable of providing the desired goods or services, often due to proprietary products or unique capabilities.

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. Sole Source vs Single Source vs Competition Sole Source Procurement is when a supplier is the only one capable of providing the desired goods or services, often due to proprietary products or unique capabilities.

Procurement strategies 52

Procurement strategies Strategy Agile and Lean Supply Chain Procurement 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. Want a perhaps more reliable source of truth? But then came COVID-19. (

Procurement 98

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

Arkestro

FEBRUARY 6, 2024

More and more, procurement professionals everywhere are seeing the value of using a platform like Arkestro for sourcing and spot purchase events, making their procurement processes more competitive, and driving cost savings. The results were immediate.

Procurement 52

Procurement Competitive bidding Real-time Visibility Supply Chain Efficiency 52

Supply Chain Game Changer

FEBRUARY 23, 2022

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. Featuring Our 12 Best Procurement Articles! In other words, procurement is deciding to buy under conditions of less availability.

Procurement 90

Procurement Purchasing Competitive bidding Procurement team 90

The Good Spending

JUNE 22, 2022

Once again, this post isn't made to disapprove the competitive bidding and BAFO rounds. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." It would provide some means to quantify the risks of a bad procurement process in an organization. My Udemy course "Foundations of Contracts and Outsourcing."

Procurement 52

Procurement Competitive bidding Bidding Negotiation 52

Arkestro

SEPTEMBER 29, 2023

Systems use this data to automate routine procurement tasks and make informed decisions about sourcing, pricing, and supplier relationships. These insights guide procurement decisions and help identify trends, patterns, and opportunities for cost reduction and strategic sourcing. Why is autonomous procurement important?

Supply Chain Efficiency 52

Supply Chain Efficiency Innovation Procurement supply chain software solutions 52

Bonfire

MARCH 24, 2022

Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. Internal clients will want to engage procurement teams not only to ensure compliance, but also because they provide deep expertise on how to source the best products and services at the best value.

Eprocurement 52

Eprocurement Competitive bidding Procurement team Procurement 52

The Procuretech Podcast

MARCH 19, 2024

Will Intake-to-Procure replace Source-to-Pay? Rujul emphasises the importance of early engagement in procurement to streamline request management, competitive bidding, and spending control. Tune in for valuable tips on leveraging technology to transform procurement processes and stay ahead in the ever-evolving industry.

Procurement 40

Procurement Competitive bidding Bidding Budget 40

Una

NOVEMBER 29, 2023

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. This may involve seeking out new suppliers, optimizing supplier portfolios, and conducting competitive bids.

Supply Chain Efficiency 52

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

Supply Chain Game Changer

NOVEMBER 24, 2018

Check out Outsourcing Sourcing! 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. Email Address. Permission to publish here provided by Jill Button.

Procurement 51

Procurement supply chain budgeting Contract Competitive bidding 51

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 Buyers Competitive bidding Innovation 40

Procurement Software

MARCH 11, 2022

If a Category Manager earns €100k a year and is charged with complex sourcing and negotiations, surely they are smart enough to manage their own travel budget? Competitive bidding for €10k worth of one-time spend. I talk about UX and adoption with Jack Macfarlane of e-sourcing platform DeepStream in a recent podcast episode.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Software

MARCH 11, 2022

Direct materials that go into the production process are strategically sourced. Then, combine this with an e-sourcing platform such as DeepStream that suppliers, stakeholders and procurement teams alike all enjoy using. Implement a competitive bidding policy. 3) Vendors not actively managed. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 52

Procurement Software

MARCH 11, 2022

Direct materials that go into the production process are strategically sourced. Then, combine this with an e-sourcing platform such as DeepStream that suppliers, stakeholders and procurement teams alike all enjoy using. Implement a competitive bidding policy. 3) Vendors not actively managed. There are 2 issues here.

Spend management 52

Spend management Management Real-time Visibility Competitive bidding 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 other areas of the source-to-pay (S2P) cycle can be automated?

Competitive bidding 40

Competitive bidding Bidding Buyers Procurement 40

Planergy

JULY 21, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It involves procuring services from outside sources and managing the relationship with supplier or service provider. How to gain visibility and control of your indirect spend. What is Services Procurement?

Management 52

Management Procurement supply chain budgeting Budget 52

Pipefy

MARCH 6, 2023

Purchase requests should be standardized (including the same information each time) and they should be streamlined into a single source, especially when purchase requests can be submitted through a variety of formal and informal channels. These requests are also known as purchase requisitions. Learn more about RFQ s.

Procurement 59

Procurement Procurement team Purchase orders Vendor relationships 59