Vendorful: Smarter sourcing for buyers and vendors

Recent Posts

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

Top 4 Reasons Your Organization is not Adopting eSourcing and How You Can Overcome Them

Posted by David Wadler on Aug 22, 2018 9:00:00 AM

For any business that has used an eSourcing platform, the benefits are evident. Using tailored technology to streamline its procurement needs can provide an organization with significant cost savings, faster cycle times, more transparency, and better control over its sourcing requirements.

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Topics: Sourcing

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

3 Ways eSourcing Can Boost Supplier Relationships

Posted by David Wadler on Jul 24, 2018 8:40:00 AM

When it comes to procurement, technology can make a significant impact.

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Topics: Sourcing

5 Things to Consider Before Hitting Send on Your RFP

Posted by David Wadler on Jul 5, 2018 12:02:56 PM

Most businesses understand the challenges of finding a reliable supplier. Sure, there are “throwaway engagements” where your focus is purely transactional, the sole focus might be quickly identifying who can get the job time. But for larger, more strategic endeavors, the scope of your evaluation likely transcends the supplier’s current capabilities. Indeed, your looking to find a partner with whom you can build a long-term, mutually beneficial working relationship.

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Topics: RFP, Sourcing

4 Reasons Why eSourcing Should Be Your Top Priority

Posted by David Wadler on Jun 26, 2018 8:50:00 AM

As a business, streamlining your sourcing, allows you to save time and money, build better working relationships with suppliers, and ultimately ensures the success of your procurement cycle.

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Topics: Sourcing, RFP

Top 5 Things Vendors Wish Businesses Knew About RFPs

Posted by David Wadler on Jun 18, 2018 8:55:00 AM

As a business, you know how important it is to create quality RFPs. Good RFPs draw the best bids from vendors, foster better working relationships, and ultimately deliver better results.

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Topics: RFP, Sourcing

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

4 Top Common Sourcing RFP Mistakes

Posted by David Wadler on Apr 19, 2018 2:58:53 PM

One of the more common tasks of companies undertaking a new sourcing project is issuing RFPs. Sometimes, the RFP drafting process is viewed as a relatively minor part of the entire project rather than being treated with the same degree of care as other aspects like scoring/evaluating. A thoughtful, well-considered RFP is a key stepping stone on the path to adding to or updating your vendor portfolio. Giving it short shrift, on the other hand, could have the opposite effect and negatively impact the company’s growth, profitability, and efficiency.

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Topics: RFP, Sourcing