Procurement

4 Ways to Improve Procurement Processes and Boost Organizational Value

Improve your procurement process

Procurement teams…those are the people who find an organization’s suppliers, right? If you’ve adopted this sort of limited view about procurement (or are surrounded by people who have), you’re (or they’re) gravely underestimating the impact of these teams. The procurement processes themselves and the people who are responsible for implementing them, can affect almost all …

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Top 4 Reasons Your Organization is not Adopting eSourcing and How You Can Overcome Them

Reasons your organization is no adopting eSourcing

For any business that has used an eSourcing platform, the benefits are evident. Using tailored technology to streamline its procurement needs can provide an organization with significant cost savings, faster cycle times, more transparency, and better control over its sourcing requirements. Despite demonstrable success and a strong ROI story, eSourcing adoption remains low. As Jeff …

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Which Type of Reverse Auction Should You Be Using?

Types of Reverse Auctions

Advancements in technology have allowed procurement teams to introduce new sourcing strategies and practices. A reverse auction, for example, can automate and streamline the sourcing process to increase cost efficiency without requiring months of negotiation. Before going further, we want to acknowledge that cost should not, in the vast majority of situations, be the sole …

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5 Things to Consider Before Hitting Send on Your RFP

Five things to consider before sending your RFP

Most businesses understand the challenges of finding a reliable supplier. Sure, there are “throwaway engagements” where your focus is purely transactional, the sole focus might be quickly identifying who can get the job time. But for larger, more strategic endeavors, the scope of your evaluation likely transcends the supplier’s current capabilities. Indeed, your looking to …

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