White Papers
Implementing Strategic Sourcing White Paper
Implementing Strategic Sourcing and the Importance of Partnering with a Strategic Sourcing Services Provider
“Do more with less,” is probably the most common and constant refrain in today’s business world. It has become the mantra for all companies and industries. Executive management has directed the lower levels of management to live by it and find ways to implement it. Managers, in turn, have made it a focus of all of their tactical planning. As a consequence, all areas of the business have been affected; they must reduce their costs and support an increased level of activity with the same or fewer resources. Procurement and purchasing have been at the center of this drive as the chief stewards of company spending.
Download Full White Paper - PDF File
What are Reverse Auctions and How to Get Started White Paper
e-Procurement Overview An In-Depth Look into the Reverse Auction Process
What is a reverse auction? A reverse auction is a dynamic, real-time negotiation between a purchasing organization and several pre-qualified suppliers competing against one another to win the opportunity to supply goods or services to the purchasing organization. The suppliers bid the auction price (or line item price) downward, creating competition among suppliers. At the end of the event, the lowest qualified bid wins the auction. The process is much more streamlined than the traditional competitive bid.
Download Full White Paper - PDF File
