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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?” The pandemic put a strain on already tight public sector budgets and demand for new projects only continues to climb. What is vendor-paid eProcurement? And for good reason.
Government expenditure through publicprocurement is essential since it ensures that there are contracts available to be bid in a fair, open, and competitive manner. Having a solid understanding of publicprocurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement.
In the public sector, these challenges have the potential to impact entire municipalities. eProcurement solutions are helping government agencies not only overcome those challenges but create new efficiencies never before possible, manage spend more effectively and deliver more value to the public.
The National Institute for Government Procurement (NIGP) released their 2017 PublicProcurement Benchmark Survey. This report provides metrics that can assist procurement professionals in everyday decision making. Our software, ProcureWare, brings time savings of 50-70 percent in the bid and tender management process.
Enterprise Resource Planning (ERP) systems have become an essential tool for complex organizations, but when it comes to procurement in the public sector, they aren’t enough. The post 10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution) appeared first on Bonfire.
Bid managers are the unsung heroes of the sales team and the organization. Here we have listed out few insights about e tendering business that can help you make the right bid. Do not say yes to every Bid It is not important to place your bid on every project.
Last week in Rome, we brought together over 100 leaders from 26 European governments , EU institutions, global organizations like the World Bank, OECD, EBRD, and UNOPS, civil society, and the private sector for the 3rd International Open and Sustainable PublicProcurement Conference 2024. This trend started long before Covid.
Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. Before joining the team, I was a consulting engineer for a small firm and part of my job was submitting RFX responses to the public sector. Driving impact with eProcurement.
At Bonfire, we get to work with hundreds of publicprocurement professionals every day. On March 15, we brought together procurement professionals from crown corporations across Canada for a virtual roundtable discussion. Vendors can see each other’s pricing (usually in real time) and try to beat those bids by going lower.
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