ProcurePack on SME digest

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ProcurePack: Helping Organisations Automate Their Procurement Processes SME Digest India speaks to Manesh Jain, the Founder of ProcurePack, a cloud-based e-procurement software suite, about his company and his entrepreneurial journey Please tell us something about ProcurePack? ProcurePack is an e-procurement software solution provider that helps organizations automate their procurement processes. With increasing product/process complexity, availability of new vendors/channels, tight timelines and constant pressure to enhance savings, using an e-procurement solution has become inevitable. Managing the process manually is neither efficient nor transparent. Sourceweb offers software solutions and services to conduct end […]

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Planning to adapt an RFP tool Here are 11 reasons why you should

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What is RFP/RFX? RFX is an acronym with X as wild card character used to cover different sourcing communications such as Request for proposal (RFP), Request for quotation (RFQ) Request for Information (RFI) etc. e-RFX is the process of automating the purchase activities using web technologies or as an extension of ERP system. The eRFX tools make it easy to manage the to and fro communication between buyer team and multiple suppliers. How an RFP tool can help you? Organizations/procurement teams looking for a solid business case for moving to […]

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7 vendor management pitfalls you should be aware of

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In this post, I want to revisit the porter five forces model with focus on suppliers or vendors as the key in context of the discussion that many vendors are threatening to part ways with FlipKart post their billion dollar misadventure on October 6. What was the mistake on FlipKart’s part and how you as a vendor management professional can avoid it Negotiated price is the little secret: So you negotiated a great deal with your vendor which is like 40% lower than the market price of their product. Remember, […]

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5 Procurement nightmares and effective management of supplier database

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What’s the difference between HUL, Hindustan Unilever and Unilever? These are 3 different names frequently exchanged for an FMCG giant “Hindustan Unilever Limited”. Why should you care? Well, It may be the same company doing business with you having registered 3 times in your supplier database! Read on, how inconsistent supplier database is costing you heavens. This is for the supply chain managers, supplier relationship managers, Procurement professionals, people responsible for managing supplier database, and other stakeholders in the procurement function. Sharing two stories of global companies who are hell-bent […]

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