Vendorful: Smarter sourcing for buyers and vendors

Peter Bonney

Recent Posts

4 Ways Reverse Auctions Can Revolutionize the Procurement Process

Posted by Peter Bonney on Oct 16, 2018 8:50:00 AM

The premise of reverse auctions is simple—buyers who want suppliers for a specific product or service ask suppliers to submit bids online. To win the bid, suppliers must then compete with the lowest cost, over a defined period of time.

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Topics: Reverse Auctions, Procurement

5 Things that Highlight the Value of Reverse Auctions

Posted by Peter Bonney on Sep 25, 2018 9:00:00 AM

Many companies are leveraging reverse auctions as a way to save money. However, cost savings are just one benefit that reverse auctions can provide.

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Topics: Reverse Auctions

Does Your RFP Contain These Important Elements?

Posted by Peter Bonney on Aug 29, 2018 11:45:00 AM

Your ability to attract and engage quality bids is dependent on how well you begin your procurement process.

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Topics: Sourcing, RFP

4 Biggest Challenges in eSourcing

Posted by Peter Bonney on Aug 16, 2018 9:00:00 AM

For a long time, procurement managers were focused on one thing—reducing costs.

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Topics: Sourcing

5 Ways to Increase Your Procurement Team's Performance

Posted by Peter Bonney on Jun 21, 2018 9:05:00 AM

The role of traditional procurement teams is changing.

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Topics: Procurement

Are You Writing Engaging RFPs?

Posted by Peter Bonney on Jun 12, 2018 8:50:00 AM

What’s the difference between an acceptable RFP versus a stellar one that engages suppliers to put forward their best possible response?

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Topics: Sourcing, RFP

5 Benefits of eSourcing for Both Purchasers and Suppliers

Posted by Peter Bonney on Jun 5, 2018 9:00:00 AM

The benefits of eSourcing may be clear for buyers, but streamlining the procurement process tends to be met warily by vendors. The apprehension stems from the impression that any level of process automation commoditizes their products and services, and that eSourcing platforms are largely one-sided in favor of the purchaser.

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Topics: Sourcing

3 Ways Feedback Can Improve Vendor Relationships

Posted by Peter Bonney on Mar 13, 2018 8:53:00 AM

For any organization, ensuring that your vendors are able to meet your requirements and expectations is critical. However, this is not just a matter of choosing partners and then passively waiting for them to delight or disappoint: how you manage your vendor relationships can have a major influence on whether they succeed or fail.

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Topics: Vendor Management

February Product Update

Posted by Peter Bonney on Mar 5, 2018 3:27:51 PM

Introducing Vendorful product updates released in February 2018:

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Topics: Product Updates

January Product Update

Posted by Peter Bonney on Feb 1, 2018 10:16:00 AM

Introducing Vendorful product updates released in January 2018:

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Topics: Product Updates