Vendorful: Smarter sourcing for buyers and vendors

Recent Posts

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

Deconstructing 4 of the Top eSourcing Myths

Posted by David Wadler on Mar 7, 2018 2:24:59 PM

For a lot of businesses, a well-considered and thoughtfully-implemented eSourcing strategy could offer numerous benefits. Increasing sourcing efficiency, bringing down overhead costs, and improving supplier relationships are just some concrete examples. Given that, it’s almost surprising that businesses are all too willing to overlook these advantages due to certain eSourcing myths.

(Thanks, Charles Le Brun for the great Hercules painting! Greek myths...now, those are interesting.)

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Topics: Sourcing

What We've Got Here is Failure to Communicate

Posted by Peter Bonney on Jan 29, 2018 8:05:00 AM

 

I-will-effectively-communicate-with-others

One of the best things about working on an eSourcing platform is that I get to talk to people in an incredibly broad set of fields because procurement is a universal function across all enterprises in all verticals. Since I talk to such a broad range of people, it is always striking when I hear the same complaints over and over again: it suggests the existence of a big problem.

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Topics: Purchasing, SaaS, Sourcing, API

Sourcing 101: Understanding the RFP Process

Posted by David Wadler on Aug 2, 2017 12:48:00 PM

When it comes to making big-ticket purchases, buyers should try to make their evaluation process as rigorous and objective as possible. The cost of a bad decision can be devastating. A request for proposal (RFP) provides a framework for rigor and objectivity that organizations can broadly adopt as a best-practice cornerstone of their purchasing process.

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Topics: RFP, Sourcing

Is eSourcing Right For My Business?

Posted by Peter Bonney on Jun 22, 2017 11:05:00 AM

eSourcing consists of using software to manage and collect suppliers across a variety of projects. But what does that mean for you and your department?

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Topics: Purchasing, RFP, Sourcing