Top 5 Ways to Optimize Your Procurement Strategy There are a lot of moving parts in procurement, and it’s easy sometimes to keep following the same processes you always have because you are achieving moderate success. Change when it comes to procurement, sourcing, and supply chain management makes people nervous. Trying to learn new […]
What Is the eTendering Process? The eTendering process may sound like something complicated, but at its root, it refers to the process of managing tenders digitally. Before the internet, all procurement processes were done with hard copies, which obviously could delay production. However, moving to digital formats such as procurement software solutions, eTendering, and other […]
How to Streamline Contracts and Procurement (During the COVID-19 Pandemic) Streamlining contracts and procurement even before the COVID-19 pandemic may have been difficult. Still, once the pandemic hit and everyone had to move to work remotely, it may have become much more difficult. As the pandemic surges on, your sourcing and contract management strategies may […]
What to Look for in Procurement Software Solutions Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Even if you are using software, such as spreadsheet software, often, that software can be greatly improved, provided […]
Top 4 Procurement Software Trends Using software in procurement management is an excellent way to help maximize proficiency and streamline your operations so that you not only increase production, you build better relationships with your suppliers, increase collaboration within your organization, and improve the entire supply chain process. However, it’s a good idea to keep […]
How to Optimize Your eProcurement Software Platform If you work in procurement, you are likely already using software. Gone are the days of writing out purchase orders by hand, meeting all vendors and suppliers in person, and filing every last bit of paper. These days, everyone in the supply chain is using procurement management software. […]
How to Choose the Best Procurement Software At one time, all of the steps for procurement management were completed by hand. Everything from the RFP to vendor management was created and filed “analog” style. Keeping in touch with vendors was done in person or via telephone. When a procurement software platform was available, it was […]
What Is a Good Reverse Auction Procurement Strategy? Even those not involved in procurement or purchasing, are familiar with how a regular auction works. A seller has something they are trying to sell, and a buyer bids on the item. Typically, multiple potential buyers (bidders) bid on the item, and the highestbidder “wins” the item. […]
Top 5 Reasons You Need Procurement Tracking Software Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Everything was done by hand—there were no computer software programs to help, there were no emails, and there were no spreadsheets. Everything was written and manually filed, […]
Your Guide to Procurement and Sourcing Software At one time, all of the procurement process steps were essentially an “analog” process—in other words, everything was done on typewriters or by hand and filed in cabinets. You would have spent endless hours on phone calls with vendors and suppliers, keeping conversations and facts and figures straight. […]