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Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?
Needs analysis ensures an accurate understanding of the goods / services being procured. Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contractmanagement including KPIs.
An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What does Procurement mean?
When thinking about these questions, consider three different types of vendor relationships: (a) vendors wanting to do business with government; (b) vendors participating in a solicitation process; and (c) contractors providing goods, services or construction to government. Addresses current supply chain and labour issues.
Rated Criteria The technical evaluation criteria needs to align clearly with the scope / performance requirements of the good / service being procured. Once a procurement is awarded it moves to contractmanagement whose primary functions are implementation, compliance and issue management.
Negometrix will deliver the software solution, that will be used by all public authorities such as cities, provinces, ministries, hospitals, utilities and others for purchasing goods, services and supplies completely electronically. The awarding criteria was 60% on quality and 40% on price.
To ensure bidders are qualified to provide the required good / service it is recommended they score at or above a minimum technical threshold to proceed to the next evaluation stage. Once the Procurement Journey is completed the procurement is passed to the contractmanager for execution.
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