Contract Insights

The COVID-19 pandemic has left supply chains all over the world in a state of disarray.  Now more than ever, antiquated supply chain contract management procedures can prevent efficiency and growth, decrease ROI, and damage organizational reputation in the face of unforeseen and vulnerable circumstances.  Don’t let outdated supply chain management methods leave your organization exposed to the potentially detrimental effects of uncontrollable events; establish an ironclad supply chain contract management process for supply chain success.

CobbleStone Software’s latest release – Contract Insight® Enterprise Version 17.7.0 – is here, bringing with it many new features and enhancements to enrich your contract management software platform!

A disjointed procurement management process can lead to procurement workflow bottlenecks.  The manual management of contracts, vendors, purchase orders, and bids can prove challenging and ineffective.  Processes that involve paying per solicitation can grow expensive.  Don’t waste time, resources, and opportunities with a decentralized and inefficient procurement process.  Leverage leading eProcurement software for procurement management success “from cradle to grave.”

Antiquated procurement processes can prove cumbersome, and may, unfortunately, reduce the value, efficiency, and innovation of procurement.  In addition to being ineffectual, the manual management of vendors, bids, contracts, and purchase orders may prove challenging and damaging.  It's time to change the perception of procurement from a tedious function to a beneficial process that is reimagined, value-adding, and streamlined.  Here's how to leverage eProcurement software for a winning procurement process!

Process, unity, and efficiency are essential for proper vendor management.  A vendor management process that relies upon disorganized documents, emails, and spreadsheets for vendor key data, contract data, certificates of insurance, and vendor performance data may not be enough.  These methods may lead to failed compliance, missed deadlines, agreement breaches, overlooked volume discounts, insufficient payments, and poor vendor selection.  These manual and time-consuming processes should be replaced in favor of an organized and streamlined one.  Thus, here are six tips for better vendor oversight with vendor management software.

NIGP (The Institute for Public Procurement) will be hosting its annual forum virtually August 24th – 28th, 2020.  CobbleStone will be exhibiting its leading-edge government contract management, sourcing, bid management, and procurement software in NIGP’s virtual exhibit hall.  CobbleStone’s software experts will answer questions from attendees and demonstrate how contract management software can help solve government purchasing challenges.  NIGP’s celebratory 75th Annual Forum will feature procurement-focused sessions, a virtual exhibit hall, breakout sessions, networking opportunities, inspirational keynote speakers, a virtual happy hour, and other engagements.

As the end of the third fiscal quarter draws nearer, the fact remains that the manual management of contracts, vendors, bids, and purchase orders can prove difficult and ineffectual.  Methods that involve paying per solicitation can grow quite costly.  Here's how to unlock six key eProcurement software tools for procurement prosperity through the third fiscal quarter and beyond!

Establishing a bid process with which you can regularly receive optimal bid responses may seem like a daunting task.  However, it is quite achievable with the right steps and tools.  There are numerous simple ways to leverage scalable, cloud-based source-to-contract management software for streamlined RFP, RFI, and RFQ management, and better bid responses.  Here are six ways to get more quality bid responses from vendors.