Today I’m going to briefly introduce you to yet another e-Sourcing company that you just might want to consider if you’re a mid-market company who has yet to adopt a sourcing solution and wants to get started with something that’s easy to use, easier to manage, and easier still on the budget. With pricing starting around 3K a month (depending on the size of your company and the number of licenses you need), you can get full access to a basic e-Negotiation suite with RFX, Auctions, Project Management, a Contract Repository, and Corrective Action Reporting with the EC Sourcing …
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March 4th, 2010 | Posted in Auctions, Contract Management, RFX
Twas the night before Auction, when all through the plant, Not a creature was stirring, not even an ant. The bid sheets were placed by the display with care, In hopes that a new award soon would be theirs. The workers were waiting for news from afar, While visions of bonuses danced in the stars. The boss with his black tie, and I with my Dior, Had just readied our guns for a long bidding war When out on the lawn there …
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December 24th, 2009 | Posted in Auctions, humour
This series discusses the recent report from CAPS Research on the role of optimization in strategic sourcing. The primary goal is to highlight, clarify, and, in some cases, correct parts of the report that are important, confusing, or incorrect to insure that you have the best introduction to strategic sourcing decision optimization that one can have. In this chapter, the benefits of using optimization with reverse auctions are discussed and a number of case studies are presented. Specifically: Fasteners #1 Before the event, which was conducted as a reverse auction followed by …
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December 14th, 2009 | Posted in Auctions, Decision Optimization, Sourcing Innovation
CAPS Research just released a snapshot on the Use of Reverse Auctions which illustrated that more organizations are using reverse auctions and that their usage is on the rise at almost half of the companies currently using them. Specifically: Are you currently using reverse auctions? Yes 50% No 50% …
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December 11th, 2009 | Posted in Auctions, Decision Optimization
About a year ago, I introduced you to Trade Extensions (TE) on the eleventh day of X-Mas. A provider of an extensive on-demand e-Negotiation platform, Trade Extensions is an emerging player in the global e-Sourcing marketplace — one that offers negotiation management, extensive RFX, and (reverse) auctions with embedded real-time decision optimization.Since my initial coverage, Trade Extensions has made the following significant updates to their platform: a brand new UI across their end-to-end system The new UI is crisp, clean, and click-minimal. It’s quick and easy to use and very self evident. Plus, their …
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November 18th, 2009 | Posted in Auctions, Cost Reduction, Decision Optimization, Marketplaces, Negotiations, RFX, Sourcing Innovation, Technology
A recent article over on Cracked listed 7 Secrets Only Two Living People Know (for some reason … that the doctor must admit he doesn’t understand in a few of the cases). While entertaining, it did cause me to ask why there are so many truths in sourcing that most people still don’t seem to get. Since some days I feel like only 2 people know the following, I decided I should do my own post on 7 sourcing secrets more than 2 people should know. Because you really, really, really should know the following sourcing “secrets”. …
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October 26th, 2009 | Posted in Auctions, Best Practices, Contract Management, Decision Optimization, RFX, Spend Analysis, rants
Originally aired December 1, 2007.. To the tune of Closing Time by Semisonic. Buying time – time for you to go out, go out and meet the day Buying time – turn the lights on your suppliers near and far away Buying time – one month left on the contract, [...]
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May 30th, 2009 | Posted in Auctions, Lyrics, RFX
Tim Cummins from the IACCM has questioned a recent Supply Excellence article on “E-Sourcing Activities & Supplier Relationships: A Match Made in Purchasing Heaven” asking “E-Sourcing: Does it destroy value?“
Tim’s objection is that buyers use auctions to impose terms on suppliers rather than engage in dialogue.
As a data guy, I’m a big fan of auctions [...]
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April 2nd, 2009 | Posted in Auctions, Vendor Management, e-Procurement, Sourcing & Trade, esourcing
This post is a wee bit lengthy, so I’ve broken it into kidding and Ketera. Kidding the maniacs are enjoying themselves somewhere in Alberta Wakko Hee Haw! [...]
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December 29th, 2008 | Posted in Auctions, RFX, SaaS, Sourcing-Maniacs
On the sixth day of X-Mas my blogger gave to me tactics for saving, five golden rings, four little words, tri-focal lens, two boxing gloves and a lesson in strategy. Six tactics that you can use to save in today’s marketplace are: [...]
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December 18th, 2008 | Posted in Auctions, Decision Optimization, RFX, X-Mas
