Buyers Public Bidding Transparency 
Procureware
APRIL 12, 2019
Most procurement software projects are focused on efficiency; however, transparency needs to have equal attention. Trust is the cornerstone of procurement and transparency builds trust. Step 1: Post Solicitations Online Public notification of bid opportunities is a cornerstone of public procurement in most developed countries.
Bonfire
MARCH 29, 2022
If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Vendors can see each other’s pricing (usually in real time) and try to beat those bids by going lower. The end goal is to drive purchase prices down for the buyer.
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