As a procurement specialist, handling complex tender processes for commodity purchases often comes with significant challenges, especially when it comes to specifying delivery conditions. Imagine you're ready to purchase a specific commodity, but you have multiple potential delivery locations—say, different ports or warehouses. In most procurement systems, you may be forced to choose just one preferred port for the tender, even if you’d prefer to leave the delivery location open to multiple nearby options, each with their own transportation costs.

One of the most impactful tools in the evolution of procurement is the RFQ (Request for Quotation) process. But in the digital age, RFQ is not just about finding the lowest price; it’s about selecting the right supplier based on a multitude of factors like quality, terms, and performance. This article will explore how RFQ processes have evolved in the digital era, their benefits, and why businesses should adopt digital RFQ platforms to stay competitive.

Procurement has evolved into a strategic function that drives efficiency, sustainability, and resilience. The 2023 Deloitte Global Chief Procurement Officer (CPO) Survey shows that procurement leaders are grappling with significant challenges such as operational efficiency, sustainability, and risk management. In this article, we break down these key priorities and explore how digital solutions like Shopery's procurement platform can offer a path forward.

Branding is just as vital to a marketplace as finding the right sellers, measuring the right metrics, or choosing the right revenue model. Whilst there is no single consensus on the definition of marketplace branding, a marketplace’s brand can be thought of as the personality that identifies the business. Branding is the marketplace’s image in the eyes of the world.