A robust procurement process is essential for many public sector organisations and buyers looking for the best products from trusted suppliers. An increasingly popular way of approaching procurement is using eSourcing platforms to simplify the purchasing process and create strategic policies.
Many UK businesses use Delta eSourcing, an innovative software solution led by a team of dedicated eTendering experts committed to helping buyers find the best options and products for their business needs.
Not all eTendering solutions are built the same, and choosing Delta eSourcing for your procurement needs comes with numerous advantages you’ll struggle to find elsewhere. This article will describe the benefits of using Delta eSourcing for your procurement policy to help you understand why Delta is a crucial resource for your company.
What is eSourcing?
eSourcing is a rapidly evolving industry practice of sourcing products and services electronically. eSourcing software uses electronic business processes and digital systems to help companies identify, assess, and choose the best suppliers to source products from. eSourcing also allows companies to meet specific diversity and inclusion goals for ethical sourcing.
Additionally, eSourcing offers a more straightforward way for businesses to work with various suppliers. Suppliers and buyers can connect through the database provided by Delta eSourcing. Businesses can access experienced global talent through platforms like Delta eSourcing to access new markets and scale company operations.
What are the Benefits of Using Delta eSourcing for Procurement?
Delta eSourcing offers a comprehensive solution to help companies meet their procurement needs. Using Delta eSourcing, businesses can access various benefits to increase customer reach and boost revenue. Below are some benefits of using Delta eSourcing for your procurement process to show how Delta will help your company flourish.
Streamline the Sourcing Process
Organisations that handle the sourcing process without expert assistance risk making costly mistakes and overlooking promising customer opportunities without enough time to explore various suppliers thoroughly. Delta eSourcing ensures your sourcing process is automated, streamlined, and transparent.
By streamlining the sourcing and purchasing process, platforms like Delta eSourcing automate exhausting tasks that take away employees’ abilities to develop innovative solutions and tactics to expand the business. The eProcurement tool from Delta provides maximum productivity throughout the entire procurement process.
Improve Supplier Relationships
Creating a relationship with your suppliers is crucial to maintaining your business operations and preventing supply chain issues that harm your financial well-being. Delta eSourcing provides everything companies need to communicate efficiently with suppliers to improve relationships and consistently meet supplier expectations.
With Delta eSourcing, working professionals can access the best eProcurement solutions to monitor and maintain supplier relationships while providing an expansive supplier base to forge relationships with multiple suppliers and further expand your business.
Achieve Better Value for Money
Saving money is one of the top goals of any organisation, and a comprehensive eSourcing solution like Delta eSourcing ensures that you can do just that. Sourcing products and services from numerous markets and diverse suppliers helps lower your overall spending by presenting options for the best price and service quality.
Delta eSourcing promotes supplier diversity and inclusion to ensure businesses can optimise the procurement process by lowering direct and indirect costs.
Create and Manage Tender Notices
Creating and managing tender notices is possible and more accessible than ever with comprehensive eSourcing solutions. Tender notices publish and circulate various procurement opportunities as they are created and published by the procuring organisation.
Rather than creating and managing these notices within your organisation, you can use Delta eSourcing to simplify and streamline this process to appeal to a wide range of suppliers and find the best deal possible.
Issue Invitations to Bid
Issuing an invitation to bid is a vital process for buyers but can become exhausting quickly without an automated solution. Invitations to bid allow companies to deliver invitations for suppliers to bid on a contract for the supplier’s product or service.
These invitations can be delivered in writing or orally, which is possible with platforms like Delta eSourcing. Delta enables suppliers to become registered so that they can access tenders easily and become notified when one becomes available.
Receive and Evaluate Bids
Receiving bids is simpler than ever when organisations choose platforms like Delta eSourcing for procurement. Suppliers can access tender notices to efficiently submit bids to your organisation that you can evaluate in a single location rather than with complicated paper processes.
Delta eSourcing broadens your reach and can help you connect with global suppliers to receive more bids than ever, ensuring that your business finds the solution it wants.
After selecting your preferred supplier through Delta eSourcing, you can award and implement contracts efficiently. Additionally, Delta eSourcing understands that buyers can no longer award contracts without considering the broader impact of the procurement process.
Because of the potential risks associated with complex business relationships, unethical practices should be considered before awarding contracts. Delta eSourcing ensures suppliers follow regulations and legal processes for an ethical eTendering and procurement solution.
Start-to-Finish Tender Management
The tender management process is complicated for many organisations, and without a scalable eSourcing solution, companies struggle to manage tenders from start to finish. Delta eSourcing ensures that companies can do just that. From planning your tenders to awarding tenders ethically, Delta eSourcing simplifies the tendering process so buyers can secure deals faster.
The start-to-finish tender management process from Delta eSourcing covers the following:
- Planning and selecting tenders
- Evaluating tenders
- Publishing tenders to a broad audience of suppliers
- Simplifying the process of responding to tenders
- Ensuring that tenders are awarded fairly and ethically
- Following up with awarded tenders through an accessible platform
Get Started With Delta eSourcing
Choosing a comprehensive eSourcing solution for your organisation’s procurement needs is vital to ensure long-term success. Delta eSourcing provides UK public sector organisations and suppliers the tools to navigate the sourcing and procurement process and secure fair, beneficial deals.
Delta eSourcing is committed to providing businesses with start-to-finish tender management solutions to create a robust procurement policy that benefits your organisation and helps it flourish. Request a free demo from the experts at Delta eSourcing today to discover the best online sourcing platform.