The Procurement Act 2023, which came into effect on 24th February 2025, introduces significant reforms aimed at enhancing transparency, efficiency, and accessibility in public procurement across the UK. Contracting authorities must adapt quickly to these changes to remain compliant, competitive, and audit-ready. For procurement leaders, staying compliant can be complex and time-consuming, but Beyond Key’s […]
You’re a procurement leader on a mission: Streamline your RFx process, slash costs, and boost efficiency. You know RFx software is the key, but you’re tired of generic SaaS solutions that don’t truly integrate with your existing Microsoft 365 environment. (You’re not just looking for a tool; you’re looking for a strategic advantage. You want […]
Struggling to manage your RFQ process efficiently? Manual methods lead to errors, delays, and missed opportunities. These inefficiencies can result in increased costs, strained vendor relationships, and a negative impact on your bottom line. Studies show that companies using automated request for quotation software experience a 20% reduction in procurement cycle time and a 10% […]
In 1997, IBM’s Deep Blue defeated world chess champion Garry Kasparov. It wasn’t just a win in chess. It was a pivotal moment for AI—across industries. Procurement included. Suddenly, the potential of AI in procurement was undeniable. Fast forward to today. Procurement is no longer just about purchasing. It’s about strategy. Precision. Speed. And AI […]
Supplier management software helps with efficient supplier and vendor management for a growing business. Juggling multiple suppliers, tracking orders, and managing contracts can quickly become chaotic without the right systems in place. According to a survey, 75% of organizations admit to having minimal visibility into their suppliers’ performance. Without a vendor management system, and real-time […]
The procurement process is a critical part of strategic planning for every organization. RFx is a part of this process. So, what is RFx, and why does it hold so much power? RFx means “Request for Anything” and “X” stands for anything. It is an umbrella for RFP (Request for Proposal), RFQ (Request for Quote), […]
Introduction Ever feel like you’re drowning in a sea of bids, proposals, and vendor questions? You’re not alone. In fact, 74% of procurement professionals struggle with the same chaos. But, here’s the good news: there’s a lifebuoy! Bid Management Software (BMS) is your rescue boat to sail through this storm, boosting your efficiency, and saving you […]
Introduction Let’s talk about something super exciting: strategic procurement! If you want your organization to be successful, you can’t ignore this crucial aspect. Basically, strategic procurement is all about getting the right stuff at the right time, and at the right price. And let’s be real, who doesn’t love a good deal? Procurement professionals, purchasers, […]
Ever wondered how companies like yours find the right vendors for their projects? Or maybe you’re just starting out and want to understand the best way to get competitive quotes. It’s a common question. The answer often lies in a document called an Invitation to Bid (ITB). Let’s break down what an ITB is and […]
Companies rely on different vendors for procuring services or products that will benefit them. As a part of the procurement process and due to a lot of vendors to choose from, businesses look for the best that suits their business requirements. Once finalized, it is crucial to formulate a quotation using a request for quotation […]
