Purchasing News Hubb
Advertisement
  • Home
  • Procurement
  • Supply Chain
  • Contact us
No Result
View All Result
  • Home
  • Procurement
  • Supply Chain
  • Contact us
No Result
View All Result
Purchasing News Hubb
No Result
View All Result
Home Supply Chain

Vendor Analysis — Supplier Ratings and Reviews solution

admin by admin
February 7, 2023
in Supply Chain


Pixabay

This Spend Matters PRO Vendor Analysis provides an overview of Procurated and its solution for supplier ratings and reviews.

When choosing a new hire, partner or vendor, companies often ask for references. Of course, the person or organization will gladly hand over reviews from their happiest contacts. Rarely will a potential hiring manager or buyer receive a negative rating directly from a prospect. This can be a major problem when sourcing vendors. Organizations may become trapped in contracts with vendors that serve them poorly because they hired the vendor without fully knowing them beforehand.

Procurated was designed to solve this reference check problem. Its goal is to consolidate honest reviews about a vendor’s past performance into one easy-to-use platform. Procurated is a web-based platform styled after ratings and reviews sites like Yelp or Glassdoor but made specifically for buyers to vet vendors.

While it hopes to expand in the future, Procurated is currently limited to the public sector, e.g., governments, educational institutions and nonprofits.

Here’s why Procurated matters:

  • To the market — Few vendors provide peer reviews to procurement professionals, and even fewer do it at no cost to users.
  • To customers — Procurated offers a free, honest look into suppliers that can help its customers pick the right supplier for them. This can potentially help customers avoid having to learn “the hard way” that certain suppliers will not perform to the desired standard.
  • To potential buyers — Not only can Procurated help users source new suppliers, it can help users manage their current suppliers and create supplier performance reviews. However, it should be noted that this is simply a popular use case and not a guided functionality of the application.

This Spend Matters PRO Vendor Analysis explains what makes Procurated different from other Supplier Ratings and Reviews vendors, gives an overview of the vendor’s capabilities and its competitors, provides tech selection tips and closes with key analyst takeaways.

For full access to this PRO content:

 



Source link

Previous Post

Assessing the Effectiveness of Procurement Training Programs

Next Post

$7 billion passenger train procurement signed and sealed by QLD Government

Next Post

$7 billion passenger train procurement signed and sealed by QLD Government

Recommended

Head Of Procurement Blogs

August 4, 2022

Two out of three companies failing to address modern slavery risks – calls to revamp laws

February 6, 2023

Don't miss it

Supply Chain

Three supply chain risks that will hurt your bottom line in 2023

March 29, 2023
Procurement

Procurement Heads Awarded Kaleida Gold Seal

March 29, 2023
Supply Chain

Vendor Analysis — Supplier data management solution overview

March 28, 2023
Procurement

Procurement Leadership Blogs : Procurement Recruitment Blogs

March 28, 2023
Supply Chain

Vendor Analysis — Payment terms analytics solution overview

March 25, 2023
Supply Chain

SRM needs a CRM makeover in major procurement systems

March 24, 2023

© Purchasing News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Procurement
  • Supply Chain
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Procurement
  • Supply Chain
  • Contact us

© 2022 Purchasing News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/