Vendorful: Smarter sourcing for buyers and vendors

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.

Read More

Topics: Reverse Auctions, Procurement

4 Ways to Improve Procurement Processes and Boost Organizational Value

Posted by David Wadler on Sep 21, 2018 9:00:00 AM

Procurement teams...those are the people who find an organization’s suppliers, right? If you’ve adopted this sort of limited view about procurement (or are surrounded by people who have), you’re (or they’re) gravely underestimating the impact of these teams. The procurement processes themselves and the people who are responsible for implementing them, can affect almost all organizational departments directly or indirectly — which is why its role in any business is critical.

Read More

Topics: Procurement

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.

Read More

Topics: Procurement