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Emergency Procurement & Risk Management CORONAVIRUS and Supply Chain Risk
The World Health Organization has declared a global state of emergency due to the outbreak of the Coronavirus (COVID-19). The ramifications of the travel bans relating to the outbreak and slowed manufacturing due to shortages of labor and raw materials means vendors in your supply chain may be affected.
To learn more on what to expect and recommendations on managing risk in the supply chain, keep reading.
Procurement Methodologies Just Released! Reverse Auctions: A Roadmap for Success
Online reverse auctions have been around for a few decades, especially in the private sector and federal government. Many states have statutory or regulatory authority to conduct reverse auctions. However, many public buyers don’t use them on a regular basis. Moreover, some states that conducted reverse auctions haven’t always achieved the expected savings or outcome. Read more “Just Released! Reverse Auctions: A Roadmap for Success”
Procurement Methodologies 5 Things You Should Know About Reverse Auctions
Are reverse auctions a win-win for both parties? The answer depends on who you ask, and as always, “the proof is in the pudding”. If done right, they can be a win-win for both buyers and suppliers. The online reverse auction is a cost-effective way in which a single buyer procures goods or services from multiple bidders using an online bidding platform. In this article, we will share a few tips to help demystify reverse auctions and maximize mutual benefits for both parties.
Technology & IT Procurement