In our recent whitepaper entitled Keys to Success in Conducting a Request for Proposal Process, we covered the full range of activities in the Request for Proposal (RFP) process including negotiations. Now we'll dives further into the negotiations process, quite possibly the most critical step towards creating successful supplier relationships.
Don’t fall into the trap of using a “boilerplate” Request for Proposal (RFP) process. There are key steps aimed at providing approaches that will help ensure optimal results.
Even with the availability of real-time data, businesses can lose sight of where their resources are going to waste. One of the more difficult to analyze and correct is maverick spending.
Addressing “tail spend” is not something on many procurement teams' minds It is generally not given much attention, but may be the largest segment of your spend and the largest untapped source of savings.
In order to understand which form of a GPO is best for your company or whether you should be considering a GPO at all, you'll need to understand the different forms of group purchasing.
Before we can better understand how group purchasing can benefit your organization's future, let's first take a look at the history of group purchasing.
Often times an organization may not have knowledge of the existence of manufacturer deviations. Lack of such knowledge can result in lost of significant discounts. This article will help you understand whether deviations exist or not within your company.
Does your procurement organization rely primarily on in-house staff? Today a number of third party sourcing solutions exist that can provide equal or superior results more economically and free up internal resources in order to focus on sourcing your most strategic categories.