Procoto is on a mission to make sourcing and purchasing easier for all businesses. We’re documenting our work through our blog. Check out our pro tips and insights into the world of sourcing, purchasing, and data management below.
rfp process

The Ultimate RFP Process Guide: 6 Steps

RFP is an acronym for Request For Proposal. It is a formal document that requests proposals from potential vendors for a specific product or service. …

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Strategic Sourcing

Strategic Sourcing: Apply Principles To Modern Procurement

Strategic sourcing is the critical process that helps buyers identify what they really need to succeed, and then works with vendors inside and outside their …

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Modern Software Changes Digital Procurement In These 6 Ways

In the past, procurement has been a time-consuming and manual process. You had to go out and find vendors that you were interested in bidding …

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Contract Management

The Ultimate Guide To Procurement Contract Management

A procurement contract is a legal document that binds the buyer and seller to perform their contractual obligations. The act of procurement contract management can …

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contract lifecycle management

What is Contract Lifecycle Management?

A Quick Guide To Understanding Contract Lifecycle Management   Regardless of the type of organization, contracts are an essential part of day to day operations. …

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Data Transformation

What is Data Transformation?

Over the past couple of decades, businesses have witnessed a rapid increase in the volume of data they manage. The data is generated from a …

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Create a Killer Sourcing Template with These 5 Rules

Okay put your hand in the air if you’ve participated in an RFP with a nightmarish pricing template. Now put your other hand in the …

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Streamline the Sourcing Process for Your Multi-Unit Business in 5 Steps

The sourcing process isn’t always as fun as people tell you. (People do say it’s fun, right?) Okay, oftentimes it’s actually pretty challenging. From building …

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RFP Timeline & Accountability Matrix

The (Notorious) R.F.P. Timeline & Accountability Matrix

So you put your team through the gauntlet of our last post and you’ve decided you want to go after it. You have the right …

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rfp responses

How to Become the Barry Bonds of RFP Responses: Selectivity

Two weeks ago, I outlined my recommendations for effectively running an RFP. Now it’s time to show the RFP respondents some love (and maybe a …

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effective rfp

10 Tips to Run Your Next RFP Like a Pro

RFPs can be a nightmare. Those three letters alone will raise your blood pressure. I know mine spiked just typing them. From pulling together a …

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Why Now Is the Perfect Time to Get Smarter about Your Spend – Through the (Golden)Eyes of James Bond

Skyfall: It’s Time to Adapt So the world is changing around us as we speak. Margins are thinning and we’re all trying to figure out …

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