The RFQ: A request for quotation how-to guide with template
A request for quotation (RFQ) is just one of many helpful RFX documents that helps businesses exchange information. It’s a key part of any well-rounded procurement toolkit. Indee...
Tag: RFx issuing process
The best request for proposal (RFP) questions to ask vendors
Crafting a successful request for proposal (RFP) takes time, research and practice. But, most importantly, it requires you to ask the right RFP questions.
To figure out what you...
The top 23 procurement technology tools for 2023
When it comes to procurement, the last few years have seen an incredible amount of technology innovation and adoption. As procurement technology becomes more specialized and effici...
How to write a proposal rejection letter to a vendor
Breaking bad news is never fun and no one likes rejection. However, for procurement professionals, it’s part of the job. Indeed, for most RFPs and contracts, there can only be on...
What is a procurement manager? Role, responsibilities, challenges and resources
Being a procurement manager isn’t always easy. But the role is uniquely rewarding, always interesting and crucial to a business’s success. Indeed, as global economic conditions...
Investment committee guide: Duties, best practices and resources
Investment committee members bear a tremendous responsibility. Indeed, their actions can directly impact the individual members, participants and beneficiaries they represent. Boun...
Agile procurement vs. traditional procurement
This guest blog, exploring agile procurement and traditional procurement approaches, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice.
Many suppl...
Cost savings vs cost avoidance: What’s the difference?
In procurement, both cost savings and cost avoidance are strategies used to reduce expenses. Indeed, both are part of a holistic approach and are often used as procurement KPIs. Bu...
Top 7 procurement skills for advancement and success
Procurement skills are more valuable now than ever. As market conditions change rapidly, organizations increasingly depend on supply chain, sourcing and procurement professionals t...
HR technology: Everything you need to know for 2023
If you’re a human resources professional and feel like each day is an uphill battle, you’re not alone. Across all industries, HR teams are facing historic headwinds. Fortunat...
How to forecast market trends using procurement data
This guest post, exploring how to leverage procurement data, was written and contributed by technology expert Jenn Fulmer of TechnologyAdvice.
Over the last few years, supply ch...
Procurement vs. purchasing vs. sourcing differences
When you’re buying for your business, what do you call it? It seems like an easy question, but there are a lot of terms that refer to this process. On the surface, they all seem ...
