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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.
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.
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.
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.
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.
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.
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.
If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. eProcurement is appealing because it can help agencies move the needle on strategic goals, including project efficiency, stakeholder collaboration, and vendor engagement.
While it may be a driving force, just avoiding a bid protest does not necessarily mean a supplier engagement was successful. Blog first published on Public Spend Forum. The supplier experience – actually user experience in general – has been neglected for far too long.
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