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Reverse Japanese auctions are a type of auction that is used in procurement. They are also known as reverse descending price auctions.

A request for quotation (RFQ) is a document that solicits price quotes from vendors.

When it comes to placing orders for goods, the last thing you want is for your data not to be formatted in a way that can be readily built.

A request for quotation (RFP) is a document that allows purchasers to ask sellers for proposals.

Find everything there is to know about Dutch auction,

Find everything there is to know about RFIs.

A sealed bid is a type of sale where the person participating in it submits their bid without anyone knowing what their competitors are bidd

As an essential tool in good vendor management, supplier performance reviews provide companies with the opportunity to assess their performa

Supplier segmentation is a process of differentiating the company's supplier base in terms of the impact each individual vendor has on you

A reverse auction is a form of auction in which the traditional roles of buyer and seller are reversed.

A supplier portal is a tool designed for suppliers to use. It's typically used within a larger procurement software solution.

The Request for Quote (RFQ) is the most popular document amongst business owners when it comes to sourcing goods or services. Traditionally

The success or failure of any business, regardless of its size, industry, or activity, will rely heavily on its ability to track and measure

Doing RFP scoring manually takes a lot of time and effort. Learn how Prokuria can help you automate this process.

20 RFP questions you should ask your suppliers if you want to have a successful sourcing process.

Sourcing and procurement do not refer to the same process, even though many organizations use these terms interchangeably. Here’s how they’r

Find out how a top-three player in consumer retail uses Prokuria to achieve time savings and compliance.

Launch RFIs in minutes with Prokuria. Read on to find out how.

A big administrative issue in procurement is the lack of clear information and a weak audit trail. E-procurement processes solve this issue