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What is award?
It's the official decision to select a supplier after evaluating bids or proposals. It marks the completion of the sourcing process and the start of a formal contract with the chosen vendor.
Read more on related topics, and get real insights
Move from manual requests to automated workflows. Our blog covers purchase requisition automation, compliance, spend control, and much more.
Understanding Procurement Contracts
No matter how great your procurement process is, bad purchasing contracts can leave you stuck in the mud. Learn how to tread smoothly when it comes to procurement contracts.
Procurement Process: An Overview
In business, procurement is the process of acquiring goods or services. The main purpose of procurement is to ensure that the company can obtain the necessary materials and services in a timely and cost-effective manner.
Procurement Category Management: Step-by-Step Guide with Examples
A clear, step-by-step guide to help you apply category management in your procurement process, with practical examples.
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