PeopleSoft Strategic Sourcing: Mini-series Summary
I hope you have enjoyed and found value in our blog series. This blog marks the final notes on our multi part series on PeopleSoft Strategic Sourcing.
We have discussed and demonstrated a ton of information not found anywhere in a short-form layout:
- Creating bid factors
- Total cost modeling
- Creating events
- Creating event responses
- Analyzing bids online
- Optimization review
- Awarding events
- Project plans
We have outlined the basics of Strategic Sourcing with easy-to-follow examples. They are designed to get you started in the right direction. There are of course more advanced features of Strategic Sourcing that we did not touch on, such as auctions, sell events, email notifications, multiple round events, maintaining bidders, preparing notifications and workflow. These are more in-depth functions of Strategic Sourcing that are outside the scope of this particular blog series.
PeopleSoft Strategic Sourcing can be a very powerful and valuable tool to procurement teams, offering up a method to secure the best value for the organization. As we opened up with in this series, price is not always the only or best measurement, and the other variables that are important to procurement can become part of the analysis criteria. We’ve demonstrated a few.
If you have any questions on Strategic Sourcing or need assistance, please do not hesitate to reach out.
So, question: what multi-part blog series would you like to see next? So far, we have created a 10-part series on Real Estate Management and this Strategic Sourcing series. We know that our clients find them valuable. Any other topics you’d like to see us break down and investigate? Let us know in the comments, and thanks for reading.
