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The mobile, social, and analytic capabilities built into modern best practices for procurement simplify contract creation. Streamline sourcing with easy-to-use tools. Deliver specifications and awards analysis documents on social media and mobile devices to make better decisions anytime, anywhere. Share information and collaborate with cross-functional teams. Use the following best practice as your roadmap to a more strategic, efficient, and data-driven procurement process.
Focus on high impact opportunities by analyzing spending patterns and supplier performance.
Create policy-compliant online negotiation through step-by-step guidance and templates.
Align specifications with business needs by collaborating with experts and stakeholders.
Publish RFx and begin participation. Suppliers submit responses via online tools and collaboration.
Review and compare submissions. Extend / pause event based on responses.
Award business based on detailed bid analysis and collaborative review.
Streamline contract creation by applying terms & conditions from negotiation event and exception-based approvals.
Realize contract savings by applying pricing and terms to covered purchases automatically.