As 2022 nears its midway point, procurement teams should maximize their goals. An ineffective procurement strategy can lead to increased risk, dark purchasing, data inaccuracies, supplier issues, and a longer purchasing cycle. So stop wasting time, opportunities, and resources with an inefficient and ununified procurement process. Discover how you can leverage 7 procurement tools within an eProcurement platform that also contains contract management software tools for procurement process-flow success in 2022 and beyond.
This article was originally published on October 14th, 2020 and updated on April 18th, 2022.
As a government contract manager in 2022, it would behoove you to explore the most up-to-date tools to streamline government contract management, purchasing, and sourcing processes - especially as the industry keeps evolving. To that end, here are six user-friendly government contract management software tools you can leverage to streamline your source-to-contract lifecycle management processes.
Organizations utilizing manual sourcing methods - such as gathering item prices in spreadsheets, corresponding with prospective bidders individually via email, and collecting numerous data separately from prospective suppliers - can face a time-consuming challenge in sourcing cost-effective and quality items or services. Without the proper tools, sourcing professionals could fail to determine formal bids, RFPs, budget allowances, stock levels, current contracts, and contingencies in purchase order releases. Fortunately, you can utilize the following seven essential eSourcing software tools for seamless source-to-contract management success.
Managing vendor contracts with manual and disparate processes can prove challenging. Without a centralized electronic process, vendor contract management workflow bottlenecks can undermine productivity. Fortunately, leading-edge contract management software can enhance your vendor management processes by expediting end-to-end vendor management workflow with optimal oversight. Read on to learn how to optimize your vendor contract management processes.