X
Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
Get free sample report

Compare Software Solutions
Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 procurement steps


Federal Procurement Essentials: Sealed Bidding
Selling to the government can bring new life to contract winners, particularly small and medium businesses. In fact, organizations that understand and leverage

procurement steps  and least costly competitive procurement method, as no time is wasted in discussion between the requester and prospective suppliers (except in very well-defined cases). Therefore, sealed bidding is deemed the fairest, since no opportunity is offered to a provider to appear smarter or more efficient than others (which would thus introduce a bias into the requester's mind by leveraging a special relationship, whether newly created or long-lasting). From both sides, the commitment is clear and definitive,

Read More


Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

E-procurement RFI/RFP Template

Buying Entity Features, Selling Entity Features, Consulting services, Marketplace, Asset Management, Product Technology  

Evaluate Now

Documents related to » procurement steps

Procurement: A Strategic Lever for Bottom-line Improvement


Companies are successfully realizing benefits from their procurement initiatives, and viewing procurement as an integral part of their overall corporate strategy. They no longer perceive procurement as a cost center, but rather as a strategic lever for improving profits or funding new initiatives. Procurement opportunities are significant—translating directly, with no dilution, into measurable, hard dollar profit increases.

procurement steps  spend activity through a procurement tool. These steps allow greater visibility into contract compliance and purchasing patterns. Doing Procurement Right: A Comprehensive Approach for Immediate and Sustained Savings To extract the maximum value from procurement, companies need to understand their spend, select the best approach to source and procure each set of goods and services, and continuously monitor performance. By focusing on these steps, companies can create the highest overall return with the Read More

E-Procurement Is Not Electronic Purchasing - Part II


Three minutes of labor from purchase requisition to invoice payment; fully executed due diligence; commitment authorization and no delays. That is the promise of e-procurement and the potential is there for the taking - but not without risk. Extensive preparation is necessary and full integration with related business processes is essential to realize the full value from an e-procurement investment.

procurement steps  authorized by one, the Procurement Engine should compare the Requisition against Budget Levels and other Authorization Rules then forward it to the supplier for fulfillment. Budgeting services include: Expense items Capital items Cost Allocation Rules Project Structure - is the source of Automated Expenditure Authorization project-related controls and accounting. It establishes approval and authorization routings that override or clarify normal budgeting processes. Where Project Accounting is employed, Read More

A Couple of "Five Procurement Commandments" in a Down Economy


As is the case with white papers, vendors' press releases (PR) can range from blatant bragging about the "latest-and-greatest" product capabilities (and other marketing "fluff") to tastefully asserting competence and educating the market about specific issues. One example of the latter would be Emptoris' April 2008 PR on the findings  of a panel of financial and procurement experts that have

procurement steps  leading financial, technology and procurement consultants to offer a list of immediate and intermediate steps that companies can take to gain greater control over spending and effectively reduce costs. The panel discussion was sponsored by Emptoris, a provider of sourcing, supplier relationship management (SRM) and contract management software. While describing Emptoris deserves a blog series on its own, I will just say for now that its solutions are used by successful Global 2000 companies in many Read More

4 Steps to a Best-run Business


To promote fast growth, small businesses often sacrifice process control for creativity. But sooner or later, unstructured creativity compounded by fast growth leads to the inability to make fact-based business decisions. Learn about four steps to developing a business strategy that can help you run your business more effectively by applying better control over your cost structure, minimizing risk, and anticipating change.

procurement steps  Purchase product portfolio Self-service procurement Purchase request and order management Supplier invoicing Sourcing and contracting Supplier management Supplier invoicing For More Information The Security Myth Some companies balk at adopting on-demand software, fearing that their mission-critical data will be compromised because it's not located within their company walls. However, the opposite is often true. Industry-leading on-demand software vendors such as SAP invest heavily in securing your data. Read More

4 Key Steps to Automate IT Security Compliance


An unprecedented wave of security breaches has led to the establishment of technical standards, IT governance frameworks and laws designed to improve and enforce IT security. Companies are under increasing pressure to control their IT infrastructures more effectively. Learn how ongoing automated vulnerability assessments, together with well-defined network security policies, can simplify the compliance process.

procurement steps  Key Steps to Automate IT Security Compliance 4 Key Steps to Automate IT Security Compliance If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Qualys® is headquartered in Redwood Shores, California, with offices in France, Germany, the U.K., Japan and Hong Kong, and has partners worldwide. Source : Qualys Resources Related to IT Security Compliance : Risk (Wikipedia) 4 Key Steps to Automate IT Security Compliance A Unified Approach for Read More

11 Steps for Scaling a Startup


Establishing a startup’s business infrastructure early—that is, establishing support in the areas of legal, accounting, tax, insurance, and human resources (HR)—provides a number of critical benefits for any entrepreneur to consider. This paper discusses suggestions for management teams that will facilitate establishment of an appropriate infrastructure.

procurement steps  Steps for Scaling a Startup Establishing a startup’s business infrastructure early—that is, establishing support in the areas of legal, accounting, tax, insurance, and human resources (HR)—provides a number of critical benefits for any entrepreneur to consider. This paper discusses suggestions for management teams that will facilitate establishment of an appropriate infrastructure. Read More

9 Steps to Producing Accurate Salary Surveys


Developing and analyzing market data, though time-consuming, is a critical task for any human resources (HR) or compensation analyst. Determining a precise market rate helps companies attract and retain valuable employees, and adjust compensation ranges to reflect changes in the market. Learn how standardized analysis procedures can help maintain consistency and accuracy throughout your company’s compensation program.

procurement steps  Steps to Producing Accurate Salary Surveys Developing and analyzing market data, though time-consuming, is a critical task for any human resources (HR) or compensation analyst. Determining a precise market rate helps companies attract and retain valuable employees, and adjust compensation ranges to reflect changes in the market. Learn how standardized analysis procedures can help maintain consistency and accuracy throughout your company’s compensation program. Read More

10 Steps to Purchasing a Web Conferencing Solution


Before you commit to a web conferencing solution, you should answer several questions about what your organization wants to accomplish with an online collaboration tool. It’s equally important to understand your company’s requirements—from features and functions, to pricing, deployment, and support. Following the steps on this checklist can help you choose the web conferencing solution that delivers the greatest value.

procurement steps  Steps to Purchasing a Web Conferencing Solution Inside CRM is an industry leader in research and education for marketing and sales professionals. Source : InsideCRM Resources Related to 10 Steps to Purchasing a Web Conferencing Solution : Web conferencing (Wikipedia) 10 Steps to Purchasing a Web Conferencing Solution Conferencing Solution is also known as : Added Conferencing Solutions , Audio Video Conferencing , Best Video Conferencing Solutions , Company Conferencing Solution Web , Comparison Read More

Software Evaluation, Selection, and Procurement Part Two: Recommendations for Improvement


Pursuing an alternative strategy for software evaluation and selection, based on the capital investment paradigm and the principles outlined in this article, is an effective method to mitigate implementation risk.

procurement steps  Evaluation, Selection, and Procurement Part Two: Recommendations for Improvement Recommendations for Improvement Take a Guide Software evaluation and selection is a learning process. The selection team will learn a great deal about itself, the company requirements, external software vendors, application software tools, and outside consultants. During this journey of discovery it is often helpful to take a guide someone who has been there before and can lead you through the process. When looking Read More

First Look: Peregrine Offers Cradle to Grave Procurement


Peregrine's Get.Resources is an E-procurement system that contains features to manage the acquisition of capital assets and track their lifecycle costs. The product supports a number of different kinds of supplier arrangements ranging from internally hosted catalogs to links with Commerce One's MarketSite. This article offers a pre-release look at Peregrine's product and strategy.

procurement steps  Offers Cradle to Grave Procurement Product Background Peregrine Systems Inc. (NASDAQ: PRGN) has been known for applications that automate the management of complex, enterprise-wide information and infrastructure assets. While staying in that general territory, it is building a new field with its Get.It application suite. The first team member is Get.Resources, an E-procurement application that is being pitched at companies that acquire capital assets. The company's existing products in this area, Asset Read More

5 Key Steps to Make Field Service Profitable


Is field service seen as a cost center at your business? Providing field service can be a complex process, but that does not have to mean it’s unprofitable. Every field service interaction is an opportunity to not only delight customers, but also increase revenue. Here are 5 easy steps to get your field service organization in the black this year. Accomplish all five and get your field techs, customers, and balance sheet in your favor.

procurement steps  Key Steps to Make Field Service Profitable Is field service seen as a cost center at your business? Providing field service can be a complex process, but that does not have to mean it’s unprofitable. Every field service interaction is an opportunity to not only delight customers, but also increase revenue. Here are 5 easy steps to get your field service organization in the black this year. Accomplish all five and get your field techs, customers, and balance sheet in your favor. Read More

Procurement Savings with SAP SRM Rapid-deployment Solution: Get Fast Results with Preconfigured SRM Software and Services




procurement steps  Savings with SAP SRM Rapid-deployment Solution: Get Fast Results with Preconfigured SRM Software and Services Read More

E-Procurement in What Language?


PeopleSoft recently announced general availability of eProcurement 2.0. The latest release touts multi-language and multi-currency capabilities powered by XML and wrapped in an easy-to-use interface.

procurement steps  opportunity to dramatically reduce procurement costs. PeopleSoft's has taken a slightly different approach in comparison to its competitor SAP. SAP's mySAP.com has chosen to build and define their own marketplace based on existing clients. Through their Business Directory SAP intends to create its own exchange with connectivity to outside exchanges as a secondary objective. In contrast, PeopleSoft's eProcurement 2.0 is actively addressing and leveraging connectivity to external marketplaces. In the Read More

HR Manager to HCM Strategist in Four Easy Steps


Demand for global workforce visibility and insight is huge; yet many HR teams today are only able to produce data on what is currently happening or what occurred in the past. But HR needs to move beyond “what occurred,” applying full analytical capabilities to understand “why an event happened” so proactive changes can be made to improve overall business performance. This type of complex exploration and examination, where financial implications and cause and effect are studied, helps elevate HR to the most strategic level—transforming the HR manager to HCM strategist. Read this white paper to discover how cohesive business intelligence can proactively impact your organization.

procurement steps  Manager to HCM Strategist in Four Easy Steps Demand for global workforce visibility and insight is huge; yet many HR teams today are only able to produce data on what is currently happening or what occurred in the past. But HR needs to move beyond “what occurred,” applying full analytical capabilities to understand “why an event happened” so proactive changes can be made to improve overall business performance. This type of complex exploration and examination, where financial implications and Read More