Vendorful Blog Overview

Recent Writings

Below, please find some of our recent thoughts on a variety of different subjects, but with an emphasis on procurement-related issues like strategic sourcing, reverse auctions, and vendor management. You can also jump to the full blog in all of its not-so-aesthetically-pleasing glory.

Quiz: Are Your Sourcing Methods as Effective as You Think?
If your procurement team is like the ones we usually encounter, then it’s a given that you would like to[...]
4 Ways Reverse Auctions Can Revolutionize the Procurement Process
The premise of reverse auctions is simple—buyers who want suppliers for a specific product or service ask suppliers to submit[...]
Busting the 6 Biggest Reverse Auction Myths
The benefits of Reverse Auctions might seem obvious to many. That begs the question — why aren’t they more common?[...]
5 Things that Highlight the Value of Reverse Auctions
Many companies are leveraging reverse auctions as a way to save money. However, cost savings are just one benefit that[...]
4 Ways to Improve Procurement Processes and Boost Organizational Value
Procurement teams...those are the people who find an organization’s suppliers, right? If you’ve adopted this sort of limited view about[...]
Does Your RFP Contain These Important Elements?
Your ability to attract and engage quality bids is dependent on how well you begin your procurement process. After all,[...]
Top 4 Reasons Your Organization is not Adopting eSourcing and How You Can Overcome Them
For any business that has used an eSourcing platform, the benefits are evident. Using tailored technology to streamline its procurement[...]
4 Biggest Challenges in eSourcing
For a long time, procurement managers were focused on one thing—reducing costs. Through the years, however, business needs have evolved[...]
How to Create an RFP that Gets Results
The efficacy of procurement teams is tethered to knowing and understanding what they are purchasing and why. Think this seems[...]
Which Type of Reverse Auction Should You Be Using?
Advancements in technology have allowed procurement teams to introduce new sourcing strategies and practices. A reverse auction, for example, can[...]
3 Ways eSourcing Can Boost Supplier Relationships
When it comes to procurement, technology can make a significant impact. Take eSourcing platforms for example. Whether it improves efficiency[...]
Why You Should Be Writing Engaging RFPs
What’s the difference between an acceptable RFP versus a stellar one that engages suppliers to put forward their best possible[...]