Procurement Technology Review of EC eSourcing and EC Optimize EC Sourcing Group – A Practitioner’s Perspective by Kumar Kannen at Procural: I am going to dig into the fast-evolving world of sourcing technology from a practitioner’s perspective as part of an on-going series. Most reviews that I have seen are too high level and don’t […]
Procurement Software Functionality Checkup With all the demands on time is it any wonder that most procurement professionals have little time to investigate or test the functionality of available procurement software. If you were looking for ways to save time and increase the capability of your procurement team what features and functionality would get you […]
RFPs – Do Your eSourcing Tools Help You to Easily Calculate Total Cost of Ownership? I am sure you have heard those commercials where they promise “low prices”. Some even claim to have the lowest prices. Unless you do your homework you could find that the low price you paid wasn’t the best deal. Determining […]
RFPs – How to Get Full Vendor Participation and the Best Price/Value If you have been in procurement for any length of time you realize that full vendor participation is required to obtain the best combination of price/value. The RFP process can be frustrating to execute for the procurement team. Too often procurement professionals deal […]
Stakeholder Participation – Can You Get the Level You Want and Need? How often are you frustrated by a lack of stakeholder participation in your sourcing events? Based on my experience, full participation is the exception rather than the rule and less than full participation is the norm. Rather than write about incomplete specs, changing […]
Sourcing 101 – Creating Dynamic RFPs Creating dynamic RFPs that will help your organization meet expense reduction goals while satisfying quality requirements is achievable with preparation and the right tools. I will focus on a commodity type purchase with alternative choices to demonstrate sound RFP practices. Picture that your organization wants to replace existing laptops […]
Incenting Your Sourcing Team to Identify Procurement Savings Opportunities Companies that are able to reduce costs are generally looked on favorably by the market. CFOs and CPOs who are able to reduce costs will stand out from their peers. Often the solution to reduce expenses is headcount reductions and this can lead to a number […]
How Experienced RFP Professionals Can Help Your Company Save Time and Money CFOs and CPOs who are able to reduce costs will stand out in their organization. Sourcing professionals with significant RFP experience understand the mechanics and the psychology of the process. An RFP should not just be a mechanical exercise. Let me provide some […]
Automation is the buzzword uttered on the lips of most entrepreneurs in this day and age. Yet there are still businesses that are slow to fully adopt this concept. Some business owners are unsure of what processes to automate during daily operations. Other owners feel unsure about giving that much control over to a software program as they worry about missing out on some important piece of information or data that could influence the way they market and stay competitive in their industry.
How FlexRFP™ Saves Administration Time You walk into the office, ready to tackle the management duties and customer service for your business. You pull up the chair and then realize the workload piled on your desk is actually all the administrative work you have to organize, document, and send out to vendors. Instead of doing […]