Remove Cost of Ownership Remove Tender Remove Total Cost of Ownership
article thumbnail

CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

article thumbnail

Singapore’s EVe harnesses the power of data with help from NTT DATA, AWS

AWS Public Sector

The initial step involved calling up a comprehensive tender to establish a secure, scalable, and flexible data platform. Seeking an innovative solution, EVe initiated a meticulous tendering process, inviting vendors to propose software as a service (SaaS)-based solutions that could effectively address these challenges.

Data 84
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

article thumbnail

Evolution of the Status Quo

The Procurement School

Collective agreements offer some predictability, but lump sum tendered bids often must guess the future and buffer to avoid loss. Large capital projects have multiyear cost models that must accurately estimate labour costs, allow for compounding, and be budgeted accordingly.

article thumbnail

The Purpose of Procurement: How ESG is Changing our Roles

The Procurement School

There will always be a cost of goods to consider but it will be a much broader view with the total cost of ownership internalized as much as possible. Public sector procurement also followed the Smith theory, where the lowest cost from a tendering process must deliver the best value.