One of the key aspects of an extraordinary intranet is that it enables employees to meet up in a solitary place to communicate and team up. This has a specific value in global enterprises, where representatives work in a different location over various time zones. A perfect intranet unites employees and feels more like ‘one enterprise’.
e-procurement system has empowered a more systematic distribution of assets and revenues over a wide range for enterprises. While it has streamlined mass purchasing for enterprises, it has additionally contributed towards cost-effective methodologies that produce sizable incomes. This is an immediate result of the continually advancing domain of procurement solution as standard catalysts may not be functional and capable to deal with the regularly changing marketplace and the new emerging difficulties and necessities eclipsing the procurement teams.
For business entrepreneur’s, the previous couple of years have been ruled by the topic of digital transformation. Just by analyzing the trend these days, you can surely say one thing, if you fail to incorporate transformational digital technology and processes into your enterprise, you are probably going to rapidly lose your valuable market share. We’ve subsequently observed some of the rapid technological modernization happened over years, where everything from customer service to marketing and sales has been reworked to suit with the digital age.
We all are aware of the fact- how big the procurement management process is. There are many complex and sophisticated area of concept in e-procurement services that are difficult to decode for purchasing managers, such as Request for Proposal (RFP) and Request for Quotation (RFQ).
In this digital era, where every enterprise is being competitive and trying to edge out each other, even a small error may have a diverse effect on the organization. Tender management is one such section which is crucial for every enterprise across every market. You must set up a tender management network to address the specifics of tendering taking place in the various section of your enterprise. In a recent study, it was revealed that more than 60% of enterprises have dedicated their resources allocated for tender management.
We all are aware of the fact how big the procurement management process is. There are many complex and sophisticated area of concept in e-procurement services that are difficult to decode for purchasing managers, such as Request for Proposal (RFP) and Request for Quotation (RFQ).
Tendering plays a key role in every enterprise nowadays and this is expected to grow even further in the upcoming years. Tendering is even forcing specialized and well-established enterprises to participate in tendering process. Tendering is all about data. Data is required to accomplish the ideal tendering process, along with persistent learning. Once these data sets are accessible, the tendering process can be taken to a whole new level. Data is the empowering agent of strategic tendering.