Supply Chain Game Changer

APRIL 24, 2019

The key to establishing healthy 3PL relationships starts with quality of the information that is provided at the time the request for a proposal (RFP) is submitted. If you ask any 3PL service provider you will find that the lack of quality information provided in RFPs is one of their greatest frustrations.

3PL 58

3PL Negotiating Skills Forecasting Logistics Network Optimization Software 58

GlobalTranz

DECEMBER 11, 2018

How shippers submit RFPs to carriers and solicit new services can have a significant impact on pricing and timeliness of response. Since time is everything in the capacity crunch, those that refine processes by advising of expectations in the RFP and defining the review process can streamline carrier expansion.

Price Reduction 137

Price Reduction Waste Reduction Cost Reduction Strategies Supply Chain Strategy 137

EC Sourcing Group

JANUARY 26, 2021

from start to finish, it generally begins with a buyer publishing a request for a proposal (RFP) or quote (RFX). Next, the sellers submit bids based on buyer qualifications. In some situations, the buyer will perform a regular RFP and then use the bids received in the RFP to start the auction.

EC Sourcing 52

EC Sourcing Supply Chain Planning Software Supply Chain Software Sourcing Strategies 52

EC Sourcing Group

OCTOBER 25, 2022

In this type of auction, the supplier submits a bid that is transparent from the start, and they can see other bids as the auction progresses. A typical reverse auction looks like this: The buyer requests an RFP (request for proposal) or RFQ (request for quotation) and announces it to potential suppliers. . Open (English) auction.

Price Reduction 52

Price Reduction Sourcing Strategies Cost Reduction Strategies Negotiating Skills 52

Supply Chain Shaman

JANUARY 31, 2022

Invite innovative technologists to regular lunch and learn sessions and encourage team members to submit new ideas to internal seed capital processes. The use of RFP processes also puts companies at an additional disadvantage. Mandatory ROI on IT Investment.

Procurement Analytics 217

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies 217

Supply Chain Shaman

FEBRUARY 7, 2022

Invite innovative technologists to regular lunch and learn sessions and encourage team members to submit new ideas to internal seed capital processes. The use of RFP processes also puts companies at an additional disadvantage. Mandatory ROI on IT Investment.

Procurement Analytics 195

Procurement Analytics Manufacturing Procurement Sourcing Strategies Optimal Sourcing 195

Precoro

OCTOBER 2, 2023

Approving the purchase The requester submits the PR for approval – usually to the team leads, department heads, inventory managers, procurement officers, and/or upper management. Purchase orders can also be submitted for internal approval before suppliers receive them.

Procurement Solutions 59

Procurement Solutions Procurement Analytics Optimal Sourcing Supply Chain Design Software 59

Precoro

JANUARY 15, 2024

What is an RFP? RFQ vs. RFP: What are the main differences? What should you use: an RFQ or an RFP? Best practices in managing RFQs and RFPs Frequently Asked Questions Making sense of RFQs and RFPs What is an RFQ? What is an RFP? RFQ vs. RFP: What are the main differences?

Purchasing Skills 59

Purchasing Skills Procurement Solutions Manufacturing Procurement Vendor Strategies 59

Jaggaer

DECEMBER 4, 2018

Add to this the varying rate structures and surcharges—with all of these factors to consider, it’s difficult at best to select the providers you want to submit an RFP. Imagine if you could analyze current gaps in transportation and address these as key requirements in your RFP.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Procurement 40

Intelligent Audit

APRIL 22, 2021

During negotiations, managers need to submit queries regarding shipper of choice status and the availability of bulk rates or special discounts. During RFP negotiations, one would be wise to carefully consider how this can affect pricing. Pay Attention to the Extras, Like Accessorials, Rules, Tariffs, and Surcharges.

Negotiating Skills 52

Negotiating Skills Buyer Training Shipping Benchmarking 52

EC Sourcing Group

OCTOBER 20, 2020

There are quite a few steps when it comes to building an RFP (request for proposal), and in modern times, most corporations and businesses use RFP management software to aid them in the steps of the RFP process. . RFP Software Comparison : What Does RFP Software Do? Provide SOW (statement of work) templates.

Comparison 52

Comparison Procurement Solutions Analytics Software Software 52

Intelligent Audit

DECEMBER 15, 2020

And validity on claims submitted is critical to keeping the timeline under control. At the same time, increasing ratios indicate that it may be time for a renewed RFP process or additional carrier expansion to secure better rates. Claims’ management timeliness and validity are essential measures of business health. Average Dwell Time.

Gartner 52

Gartner Supply Chain Software Supply Chain Optimization Supply Chain Strategy 52

E2open

DECEMBER 8, 2022

This eliminates the need for manual interaction during procurement, increases RFP response rate percentages, and expands access to contract rates for shippers. Ocean shippers can now more easily submit complete and accurate information about dangerous goods. Rapid return on investment starts with speedy implementation.

Supply Chain Network Software 60

Supply Chain Network Software Supply Chain Planning Software Analytics Software Forecasting Software 60

Tompkins Blog

JUNE 4, 2014

A successful process enabled with a well written request for proposal (RFP), including a clear representation of the business and supporting data, is vital. Waiting until an RFP is issued is not the time to develop the relationship. In some cases, if there are too many “red flags,” it is best to consider not submitting a bid at all.

3PL 40

3PL Third Party Logistics Buyer Training Negotiating Skills 40

Talking Logistics

NOVEMBER 1, 2016

Who should be involved in putting together the RFP? Watch the live stream live here or watch it on YouTube Events if you’d like to submit questions during the broadcast via chat. What is the current state of the transportation market? What actions should companies take before engaging in a procurement engagement?

Procurement 100

Procurement Transportation Sustainability Company 100

AFFLINK

JUNE 19, 2019

Many companies prefer this method of procurement because it allows them to submit their highest quality bid rather than having to negotiate with private businesses. In addition to RFPs, there are also Requests for Quotes, Invitations for Bids, and Requests for Information. School Supplies Bids. Establishing Government Contracts.

Government 63

Government Procurement Negotiating Skills Cost Reduction Strategies 63

Supply Chain Network

SEPTEMBER 12, 2015

Early in the RFI/RFP process you need to get specific with your group of potential providers and ask them for key statistics from their Continuous Improvement programs. Wide Scope of Retail Services.

Third Party Logistics 60

Third Party Logistics Logistics Network Optimization Software Logistics Optimal Sourcing 60

ShipBob

DECEMBER 28, 2022

A common practice in procurement, bid solicitation is the process of inviting suppliers to submit proposals for your sourcing opportunity. Bid solicitation & reviews.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

EC Sourcing Group

OCTOBER 18, 2022

Request for Proposal (RFP). Sent out to potential suppliers so they can submit a proposal. Once you have a list of qualified suppliers, you then send a request for them to submit a quote. . Request for Information (RFI ). Request for Quote (RFQ).

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Sourcing Strategies Procurement 52

Precoro

MAY 11, 2023

Remove any tips or instructions from rows 2 and 3 before submitting the updated file to Precoro. ?Please To learn more about submitting a request for creating a new supplier, check out this helpful article. Instead, you can revise the existing RFP and add new suppliers. Please do not edit the Item ID column.

Purchasing Skills 52

Purchasing Skills Procurement Solutions Procurement Analytics Currency 52

Precoro

APRIL 13, 2023

Make sure to remove any tips or instructions included in the template before submitting the updated file to Precoro. ?Please What's more, document initiators will receive automatic email notifications when documents are submitted for integration. ? Please do not edit the Item ID column.

Negotiate Pricing 52

Negotiate Pricing Negotiating Skills Purchasing Skills Procurement Analytics 52

Zipline Logistics

NOVEMBER 1, 2019

Requesting transportation bids through a logistics request for proposal (RFP) is a common and recurring practice for organizations that have high volume orders that ship on recurring freight lanes. Some shippers invite transportation bids to be submitted once per year. Either way you approach your logistics RFP, the logic is the same.

Freight 40

Freight Logistics Network Optimization Software Sourcing Strategies Logistics 40

Precoro

OCTOBER 13, 2022

Are there recurring expenses to submit? In the RFP, find the Import Items button. When transferring to the PO, attachments are transferred as Internal or External , based on the source: from PR as Internal, or from RFP as External. Repeat Expenses. Do so faster and easily with the Repeat Expenses function.

Procurement Analytics 98

Procurement Analytics Eliminating Excel in Purchasing Purchasing Skills Optimal Sourcing 98

EC Sourcing Group

DECEMBER 11, 2018

A competitive RFP was issued and after a thorough review a new eSourcing tool was selected in July, to use for the bus route bid. All bidders had previously submitted their sealed bids manually. Most of the companies had never used an automated system to submit responses to an RFP. Selection and Implementation.

Procurement Solutions 40

Procurement Solutions Purchasing Training Procurement Analytics Vendor Strategies 40

EC Sourcing Group

APRIL 3, 2019

Impossible RFP deadline – suppliers are running lean too. If they are not given a reasonable amount of time to thoroughly analyze the RFP, they will simply provide a bid with a cushion for contingencies. Others might simply decline because submitting a “best guess” is very risky. Some organizations must accept the lowest bid.

Price Reduction 45

Price Reduction Lean Cost Reduction Strategies Course 45

DAT Solutions

OCTOBER 27, 2017

If you’re bidding on a shipper’s RFQ or RFP, then you’re going to need more than just a quick look at the lanes where they need service. You can also take a deep dive into the data and undercover market trends to stay ahead of your competition. And you can dig in even deeper when you become a RateView contributor.

Report 70

Report How To Benchmarking Comparison 70

EC Sourcing Group

JUNE 24, 2021

The software allows up to 120 team members to participate and score RFP responses. You can specify certain documents must be received before the supplier can access the RFP, such as signed NDA. You can specify mandatory questions, without answering which a supplier cannot submit the RFP.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Procurement Solutions Modeling Software 52

EC Sourcing Group

DECEMBER 12, 2019

Since she had the annual RFP coming up for a very key raw material, she decided it was time to make a change and use the new platform. A Summary of the Results: All suppliers participated and submitted their initial bids on time. Time to launch and analyze the RFP was reduced by 40%.

Material Savings 52

Material Savings Manufacturing Procurement Sourcing Negotiating Skills 52

Intelligent Audit

SEPTEMBER 16, 2021

The whole idea is to catch invoice errors prior to submitting for payment. Recognizing when to conduct new RFP processes to get better rates, including mini-bids to handle short-term changes in shipment volume. The whole goal is to ensure shippers are billed for services actually rendered. Unfortunately, errors can and do happen.

Freight 52

Freight Analytics Software Cost Reduction Strategies Price Reduction 52

Precoro

JUNE 20, 2022

Companies usually provide their employees with guidelines they should follow to submit a certain type of work. An approver is a person or group of people who approve requests submitted by a team member. After an employee submits a request form , the team lead usually provides an initial review and sends it to another approver.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing How To 52

ivalua

MARCH 9, 2023

An RFI/RFP is issued and suppliers provide their responses, one or more is selected and awarded business. The Accounts Payable includes: How the supplier submits an invoice, how it is received, reviewed and validated (against the order, receipt, tax requirements, etc) by the AP team and the approval process it goes through to be paid.

Optimal Sourcing 130

Optimal Sourcing Purchasing Skills Sourcing Strategies Sourcing 130

Precoro

OCTOBER 16, 2023

These contracts are suitable for hiring outside vendors and experts, with sellers submitting hourly rates for their services. When the scope of work is defined and the procurement team has an idea about the cost estimation, they can issue a request for proposal (RFP) or request for quotation (RFQ) based on the company’s needs.

Procurement Solutions 98

Procurement Solutions Optimal Sourcing Procurement Analytics Procurement 98