Streamline RFP creation with collaborative tools.
Remove paper and spreadsheets and bring your entire sourcing process online.
Drive better outcomes for your stakeholders.
Make it easy for suppliers and evaluators to work with procurement.
Protect your organization and your data with industry-leading security features.
Source faster and smarter with automated tools.
Tools built for compliance and transparency keep you protected.
Eliminate barriers for small and diverse vendors.
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Collect project requests, collaborate with stakeholders, and manage approvals
Store, manage, and collaborate on documents—all inside Bonfire
Save time with automatic RFx scoring and evaluations
Create bids, invite vendors, and get results quickly
Stay on top of milestones and vendor performance
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Meetings are a part of life for higher education procurement teams. However, convening and carrying out evaluation meetings can be among the most time-consuming and aggravating parts of the RFP process—not to mention costly to the productivity of all involved!
This report provides a third party review of Bonfire Strategic Sourcing by leading analyst firm, Ovum. On the Radar features vendors who bring innovative ideas, products, or business models to their markets.
Procurement is changing. No longer a back-office function, it is increasingly being recognized as a strategic player. After all, key organizational goals depend on an intelligent, transparent, and efficient procurement process.
At the same time, procurement teams are leveraging technology that allows them to streamline their processes and reduce manual work, thereby freeing capacity for more strategic contributions.
Plus, read examples of procurement’s strategic impact from real public agencies across North America.
Rising project volumes and shrinking staff sizes have placed procurement teams under pressure, with 40% of public procurement staff reporting that their team is stretched or overworked.
This is exacerbated by the demands of managing the bid and RFP process on paper and Excel—which adds a significant administrative workload to procurement teams’ to-do list.
eSourcing technology can help, by eliminating manual steps and delivering process efficiencies.
Check out the infographic for a side-by-side comparison of total hours spent administering the bid and RFP process through paper and Excel, or through purpose-built sourcing technology.
A roundtable discussion with procurement professionals about the ‘typical’ request for proposal process and how it can be advanced.
The Request for Proposal (RFP) is a tried and true purchasing vehicle, used by organizations worldwide to ensure transparent, high value spending decisions. But despite its ubiquity, the process of running RFPs happens behind closed doors, and there are many organizational silos to overcome to share information.
This report from Supply Professional presents a unique look behind-the-scenes through a candid discussion between five procurement professionals. These experts, representing a wide variety of procurement subject areas from healthcare to higher ed to manufacturing, discuss their own RFP process, along with the findings of Bonfire’s State of the RFP report. The State of the RFP shares data insights from 6,600 RFP decisions made at 190 organizations across North America.
Digital transformation is well underway in the public sector, bringing process improvements, time-savings, and better customer service to various functions across the organization. However, many procurement teams remain concerned about how their stakeholders might react to eSourcing software. To better understand the stakeholder mindset, we analyzed the data from over 4,000 stakeholder surveys conducted between 2014 and 2018.
These insights, from vendors and evaluators across North America, dispel common myths to uncover how stakeholders really feel about digital procurement.
Many procurement teams are still using paper and spreadsheets to run their competitive bidding and RFP process, even while other areas of the organization modernize. There are many reasons for keeping paper around, whether it’s lagging laws that require paper copies, a lack of funding for digital tools, or simply comfort with the ‘way things have always been.’
However, it’s becoming increasingly apparent to procurement leaders that the status quo is no longer sustainable. At a time where public procurement is under immense fiscal pressure and growing transparency demands, these manual processes are costly in the form of wasted time and missed opportunity for value.
We will cover how eSourcing can help cut down on spend and improve efficiency. Included within are five case studies from real public sector organizations across North America who have leveraged eSourcing to eliminate paper processes, demonstrating a way forward for addressing this gap and realizing time and money savings for your organization.
With higher scrutiny and policy tightening, procurement teams must be confident in their ability to make fair, transparent, and robust procurement decisions. Recognizing and mitigating risk is a well-honed skill in procurement professionals’ arsenal already. However there are some areas of risk which are not immediately apparent.
Drawing on an analysis of $3B in procurement decisions made in the Bonfire Strategic Sourcing Platform, this webinar investigates three key components in the RFP process to determine their impact on the performance and outcome of your RFPs.
These insights inform advice on how better tools can help teams eliminate risk and make procurement decisions with certainty.