EdgeworthBox Launches Platform to Enable Rapid, Inexpensive, Risk-Free Digital Transformation of Procurement
SMALL AND MEDIUM BUSINESSES NOW HAVE A RAPID, INEXPENSIVE AND RISK-FREE OPTION FOR TRANSFORMING PROCUREMENT DIGITALLY WITH EDGEWORTHBOX New York, NY | September 9, 2021 – EdgeworthBox announces the launch of its cloud-based strategic sourcing platform focused on small and medium businesses (including the divisions of larger organizations). With EdgeworthBox, companies can transform their procurement […]
How Do You Educate Your Customers?
Perhaps the most interesting scenario would be if the buyer invited several suppliers to send her their individual Model RFPs. Instead of having a single, common RFP document to which every supplier responded, each vendor could simply send their Model RFP and their related answers. In reading multiple Model RFPs, the buyer would garner a tremendous amount of market intelligence from the questions that different suppliers included.
Make It Easier for Suppliers to Give Buyers What They Want
Buyers have taken so many steps to protect themselves that they have made it significantly more difficult to maximize the benefit from an acquisition. The tradeoff between risk and reward is out of whack.
What Can Dating Apps Teach Us about Procurement?
Procurement poses a similar problem: efficiently matching buyers with the right suppliers for the best combination of value and risk.
Why Use Templates in Procurement?
The best way to improve acquisition performance is to make it easier for suppliers to give buyers what they want.
How Do We Reduce Complexity in Procurement?
Procurement in the contemporary context is both complicated and complex. Most companies have evolved complicated bureaucracies around procurement, requiring systems to implement the rules, with administrative organizations to enforce them.
This is done ostensibly for the purpose of obtaining value-for-money. Another key purpose is risk management: protecting the organization against fraud, waste, and abuse.
How Should Organizations Manage the Decentralization of Procurement?
Culture is defined as the substance behind the statement, “People like us do things like this.” In a world competing for talent, trust is key. Can we trust the people within the organization to do the right thing? If not, perhaps they shouldn’t be working here.
How Do You Drive Collaboration About Procurement Internally?
How do you drive collaboration about procurement internally?
How Many Sourcing Systems Should Buyers Employ?
Sourcing systems come in several different types:
Should Buyers or Suppliers Pay for Procurement?
More buyers than one might think use a piece of legacy software or some combination of email and spreadsheets to manage their procurement activities. In these cases, the buyer bears the cost.