Cost savings and cost avoidance are important strategies for procurement teams. Explore how you can differentiate between cost savings vs cost avoidance and see how you can reduce spend using both along with examples.
While incredibly important, the RFP process is often complex and time-consuming. But with the right approach and resources, you can speed up the process and feel more confident managing RFPs.
When you’re buying for your business, what do you call it? It seems like an easy question, but there [...]
Discover tips, advice, and tools that will help you evaluate and select the perfect banking services for your organization.
Discover tips, advice, and tools that will help you evaluate and select the perfect HRMS for your organization.
What is an RFX in procurement? Explore everything you need to know about the RFX process and how to issue eRFX including an overview of RFX technology and sourcing software.
Procurement negotiation is a key skill for sourcing professionals. However, many shy away from exercising this skill. Explore how to boost confidence when negotiating with suppliers while reducing costs and minimizing risk.
To select the perfect vendor, you need answers to your critical questions, but how do you ensure you ask the right questions? It often comes down to whether you should issue a request for information (RFI), request for quotation (RFQ) or request for proposal (RFP).
What is the difference between direct and indirect spend? Explore the nuance of the two different types of spend and the RFP processes behind them.
Vendor performance evaluations can improve supplier relationships, mitigate risk and position your business for growth. Explore these tips on how to measure performance and incorporate evaluations into your vendor management process.