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In 2013, an increasing number of municipal, state and federal purchasing departments found themselves subject to strengthened laws regarding the awarding of sole-sourced contracts during procurement initiatives. Sole-sourcing refers to the awarding of 'no-bid' contracts, whereby a solicitation is not published for competitive bidding but rather is awarded directly to a sole supplier. In most cases, the reasons for awarding sole-source contracts are qualified by the awarding agency as a part of the purchasing process. The justification given for such contracts often are that the supplier awarded the opportunity is the only suitor able to meet the requirements of the project, technical or otherwise.
Ever since the modern inception of the Olympic Games were launched at Athens, Greece in the summer of 1896, the Olympics have provided an opportunity for athletes and citizens from countries around the world to come together in a dazzling display of physical prowess and diplomatic camaraderie. By encouraging the leaders of nations to put individual political concerns and affiliations aside for a short time, the Olympics allow for the flourishing of the human spirit in the form of sport, even during times of economic difficulty and social upheaval.
2014 has arrived. Along with the flipping of the calendar comes the prospect of new professional challenges and achievements, a chance for new procurement processes, and most likely some new procurement guidelines. Many agree that with an economic upswing underway across much of the country, procurement professionals will take a much more strategic approach, aligned with the goals of the buying organization.
Technology is continuously advancing, and as a result e-procurement solutions such as SourceSuite are coming to the forefront of local strategic sourcing. An efficient purchasing process not only provides resource and time savings for the buying organization, it also emphasizes the benefits of increased vendor outreach. Though today we tend to hear more about the shift to procurement outsourcing by way of international markets, there are significant benefits associated with sourcing locally. Increasing local supplier awareness through e-procurement has become both a solution to drive down purchasing prices as well as an effective method to support regional communities.
What is the difference between procurement software and procurement software as a service? Terminology including "Software as a Service (SaaS)," "e-procurement" and "cloud based" are showing up everywhere - not only in the world of procurement, but for many business services as well. As an e-procurement solution service provider, SourceSuite knows a bit about SaaS and its benefits. So, what is the difference between traditional procurement software and SaaS?