Software as a service (SaaS) is revolutionising how businesses go about sourcing goods and services.
Continue readingWhat is an e-Request for Proposal?
An e-Request for Proposal invites detailed responses from suppliers, allowing them to propose their own solutions to meet a buyer’s needs.
Continue readinge-Procurement implementation: provide support for employees and suppliers
Central to seamless and successful implementation of e-procurement software are two groups of users: employees and suppliers.
Continue readingWhat is an e-Request for Tender?
An e-Request for Tender is commonly used to run a formal procurement tender in the public sphere, but can be used in the private sector too.
Continue readingWhat is an e-Request for Information?
Most of the time, an e-Request for Information is used at the start of the procurement cycle, to conduct pre-tender market research or set up continual innovation capture.
Continue readingMaking the financial case for converting to e-procurement
A clear financial rationale should be in place before the decision is taken to automate the procurement function. Establishing this helps to allay doubts that employees may be having, and allows decision makers to view the projected cost savings of an e-procurement solution when set against its cost.
Continue readingWhat is an e-Request for Quotation?
An e-Request for Quotation is used to gather prices from suppliers, based on a buyer’s precise idea of what they’d like the market to provide.
Continue readingLead your RFQ to success in the marketplace
This part of the sourcing process isn’t quite as simple as just sitting back and waiting for all the quotations to fly in.
Continue readingThink carefully when compiling your RFQ
Writing your RFQ using best-practice methods can make a huge difference to the quality and value of supplier bids, and ultimately the goods or services your company selects.
Continue readingWith a RFQ, preparation is key
As with most things in life, preparation is crucial to the success of a RFQ. To avoid the common pitfalls of sourcing, dedicate time and effort right from these preparatory stages.
Continue reading