Higher Year-After-Year Savings: While ‘the bottom line’ has been re-titled ‘the triple bottom line’ to include corporate social responsibility, and environmental consciousness, the financial aspect is still included as the third element. This reallocates some of the day-to-day responsibilities of procurement staff, opening up their schedule to focus on other value-driving activities. Some of the benefits of e-tendering come from streamlined processes, automated procedures, and software-managed systems. However, efficiency has been a focal point for organizations paving the way for much longer than recent history. Increased Efficiency: Optimizing efficiency has recently sprung to the forefront of many companies fighting to survive the pandemic. The right staff, and the right combination of e-tendering softwares and solutions, and companies can see massive benefits from e-tendering, such as: The technology will only be helpful as long as those employed to use it are trained to do so. It is important to note that while implementing e-tendering processes and technologies can yield significant results, that is contingent upon an educated and informed staff. Procurement teams in every industry and across each economy are seeing the benefits of e-tendering year-after-year. 
That being said, there are some major trends in the benefits of e-tendering.Īs technology continues to advance at a faster-than-hyperspeed rate, it’s presence in industry is ever-growing. While each organization is unique in their procurement needs, the benefits seen from implementing e-tendering processes slightly varies from company to company. The benefits of e-tendering reach far and wide throughout an organization. In other words, e-tendering just refers to procurement and tendering operations and procedures that have migrated to an online and/or cloud-based environment. e-tendering is a term slightly more common in foreign markets, and is essentially interchangeable with e-RFX.
ADVANTAGES OF SERIAL TENDERING SERIES
Before implementing a procurement software, or a series of procurement technologies just because it’s industry standard it’s important to understand the reasoning, and the benefits.
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