Contract Insights

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.

Government supply chain management is a multi-faceted, involved process – including the handling of RFIs, RFPs, and RFQs.  Supply chain RFx management responsibilities may include accumulating vendor proposals, collecting quotes to compare vendors and contractors, establishing a database of vendors and contractors, signing off on approvals before selecting them, managing contracts, and much more.  Handling these different tasks with separate manual processes can make for a disorganized approach that can potentially lead to lost opportunities, supply chain lifecycle bottlenecks, improper vendor and contractor selection, wasted time, and revenue loss.  Luckily, integrated contract management software solutions can help.  Here are three ways to improve government supply chain RFPs.