The World’s First Virtual HR Marketplace
The HR Procurement Center, powered by HRO Today, was created to Help HR Leaders Navigate the Procurement Process
A proficient procurement process is crucial if you’re looking to streamline purchasing. The HR Procurement Center is designed to ensure that you pay competitive prices for goods and services and save time and minimize mistakes by choosing only from the most reputable vendors.
The HR Procurement Center has identified these steps to help you navigate buying goods and services. For more detail on each step, scroll down.
Streamline Purchasing Process
Buying Process Considerations
It’s important to be prepared to engage a new vendor, including making sure data is up-to-date and accessible and recognizing capabilities of existing technology. A general understanding of outsourcing is also beneficial. This section of Buying Process Considerations offers a growing list of resources to set the stage for selecting the right vendor.
Explore and Select Vendor(s)
Only HRO Today Certified Providers are included in the HR Procurement Center. Certification requires disclosure of items typically not found on promotional websites and incorporates proven and respected HRO Today Bakers Dozen© reference processes to limit choices to only the most reputable firms, speeding the exploration and selection process.
Submit Purchase Requisition
The HR Procurement Center facilitates submission of RFPs to pre-selected bidders, allowing users to speedily get selection criteria and questions in the hands of Certified Providers that most interest them. Submit an RFP.
Create Purchase Order
Some of the functionality being created for the HR Procurement Center is the ability for HR and procurement leaders to track the procurement process and forward the purchase order to the selected vendor for conclusion of the process.
For the provider community, the HR Procurement Center will allow tracking of the process and the ability to receive the confirmation of order after a successful bid process.
Pay for Goods and Services
Future functionality will allow HR leaders and providers to contract and exchange funds through marketplace software that will speed the process of selection and engagement.
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