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The risks of vendor-paid eProcurement

Bonfire

If you’re planning a transition to eProcurement, you’ve likely come up against the question “who should pay for this?” With so many competing priorities and budgetary constraints, when does it make sense to go with a vendor-paid eProcurement model? What is vendor-paid eProcurement? And for good reason.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing. These contracts are competitively bid and offer access to a broad range of goods and services at negotiated rates, making them ideal for organizations of all sizes.

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10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution)

Bonfire

Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.

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Making student-first buying decisions

Bonfire

Today on the blog, we’re sharing how eProcurement can help you deliver that impact and make student-first buying decisions. Along with being labour-intensive and time-consuming, manual bidding processes that involve multiple systems and complex tabulations increase the risk of information being missed or miscalculated.

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Commemorating 10 years of Bonfire

Bonfire

To mark the occasion, I’m hopping onto the blog to reflect on our journey — to think about how far we’ve come and where we’re headed. Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. Driving impact with eProcurement.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. With Ivalua, you can quickly access spend analysis tools to identify areas for cost savings and benchmark current prices against market trends.

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5 things to consider when creating a vendor diversity program

Bonfire

Rather than trying to secure budget for new tools, André advises working with tools you already have, like your eProcurement system or even Excel. One way to do this is to invite both groups of vendors to pre-bid meetings and encourage networking. Your bid processes or vendor-facing documents are unnecessarily complex or inaccessible.

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