RFP Software - RFQ Software

RFP, RFI and RFQ; An Essential Toolkit for Efficient Procurement

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Understanding RFPs, RFIs and RFQs There is something about acronyms that make people quickly lose interest, but they typically represent an important piece of information and are worth taking the time to understand. Every industry has its own terms and jargon and procurement is no different. These three acronyms in particular hold great significance when […]

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Cloud Hosted Procurement Software

4 Reasons Why Procurement Directors Adopt Cloud Hosted Procurement Software

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Adoption of Cloud Hosted Procurement Software ultimately comes down to control. Software As A Service (SAAS) provides you with the necessary control as well as flexibility and security at an affordable price. With on-premise solutions technology, administrators typically feel more ownership over a solution. The technology is hosted in-house, it is their job to update […]

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Strategic Sourcing

5 Strategic Sourcing Objectives for Businesses

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For all of the different definitions of strategic sourcing, the process comes down to one simple idea: Get the most for your money. The path of how to get there, though, can differ from organization to organization. By definition, strategic sourcing is an approach to purchasing goods and services. Instead of simply looking for good […]

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Spend Analysis Software

Why You Need Automated Spend Analysis Software to Forecast Cost Savings Opportunities

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What does the third quarter of 2021 hold for your business? While the most optimistic of business owners may predict continued steady growth, a burgeoning market filled with opportunity, streamlined purchasing process generating significant cost savings and a talented workforce ready for the challenge, the reality is no one really knows. Every business faces a […]

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e-sourcing software

Benefits Of Reverse Auctions

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How can I benefit by implementing Reverse Auctions as part of my Procurement Process? This is a question asked by many procurement and sourcing managers across different industry verticals. Granted, reverse auctions are not suitable for all industry verticals or for all procurement situations; used in the right situation for the right category of spend, reverse […]

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