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E-bidding The New Global Business Trend

September 7, 2018

Internet technology has become an intrinsic part of business enterprises across the world. Traditional business models have been replaced by online business proceedings with its high-tech tools and features. The rise of internet technology happened as business owners realized the potential of the Internet in enhancing the speed, efficiency and accuracy of their business operations and how they facilitate smooth and flawless business proceedings.

One such promising new-age business trend is E-Bidding. With more and more e-commerce websites getting deployed on the World Wide Web, the concept of e-bidding in soaring high.

What is E-Bidding?
E-bidding, also known as online bidding and e-auctions is a rising trend in the corporate circles across the globe. E-bidding is the concept wherein an online marketplace or website allows buyers to post their requirements in real time bidding events and potential suppliers and service providers can compete to sell their products or services to the buyer.

E-biddings are especially beneficial in scenarios where clients have accurately specified requirements and need the best and cost effective services to satiate them. Apart from the cost factor, clients can also consider the timeliness and quality of deliverables as a deciding factor to choose service providers and product suppliers.

E-bidding is a highly popular trend and is being used by several industries to buy and sell products and professional services at profitable rates and further profitable business endeavors.

The Process of E-Bidding
E-bidding revolves around the concept of sale and purchase of products and services online at profitable prices. Buyers generally post their requirements in online marketplaces and B2B websites and place Request for Bids. Potential suppliers and service providers can view these posts and submit competitive Bids for the same. In turn, buyers can review the bids and select one that is most cost effective. However, money is not the only criteria in selecting the vendor. Rather, buyers can browse through portfolios of potential vendors, trace their experience and expertise of the industry and then select the one that best qualifies for their requirements.

Business Advantages of E-Bidding
E-bidding offers a plethora of advantages to businesses and industries. It allows businesses to procure quality and cost effective services for their processes and thus helps them expand their profit margins. Likewise, suppliers and service providers can offer their products and services at best rates and reap benefits as well.

Here are some valuable business advantages of bidding online.

Access to Large Databases
B2B websites generally contain extensive databases of buyers and service providers. This increases and widens the network of the companies and individuals who register themselves on the website and connects them to a large pool of industry audiences. While buyers can browse through the database to find suitable service providers for their projects, service providers, in turn can apply to several posted projects and acquire new leads for their businesses.

Access to Worldwide Business Leads
E-bidding brings together buyers and service providers from all over the world. All the members of a B2B website have access to a worldwide audience. This means they can transgress geographical boundaries and time zone differences to hire professional services of offshore service providers and suppliers.

Access to Worldwide Business Leads
E-bidding brings together buyers and service providers from all over the world. All the members of a B2B website thus have access to a worldwide audience. This means buyers can transgress geographical boundaries and overcome time zone differences to hire professional services from offshore service providers and suppliers.

Comparison of Biddings
E-biddings allow buyers to monitor biddings and compare the different bids that are submitted. After they have reviewed all the bids, they can evaluate potential service providers and choose the best out of the lot.

Established Credibility
E-biddings is a critical procedure on trusted and established B2B websites. So all the members of the database are reliable and trust-worthy. This is because, these websites validate the identity of all the registered members and thoroughly check the details specified by them. This enhances the sanctity of online business proceedings.

Reduced Paperwork
Since all the proceedings are done online and all the information is stored electronically, there are no hassles about paperwork. The information can be easily and steadily processed and put to further use. Unlike scrapes of paper that needs to be reviewed manually, online data can be processed electronically by automated programs and softwares. Moreover, there is no additional costs regarding postage, photocopying and so on.

Time Savings
Because of online processing of information and other operations, e-bidding saves businesses a great deal of time and effort. Unlike tender systems, one doesn’t have to individually sort through applications to choose the right service provider and even the suppliers don’t have to send out forms and applications. E-bidding makes it easier to submit and review forms easily over the internet.

Secure Bidding Environment
E-commerce websites have strict security measures and privacy policies that ensures the safety of your data. Moreover, you can also be sure that all your cash transactions would be processed safely and securely.

Standardized Procurement Process
B2B websites allow buyers to specify the desired qualifications of vendors and service providers that they wish to seek. Thus, buyers can define parameters such as number of years of experience, type of expertise, ISO certifications and so on. And only service providers that fulfill these specified pre-conditions can apply or bid for the posted project. This highly standardizes the procurement process and delivers only relevant options to the client.

E-bidding helps obtain not just cost-effective services but also the ones that offer best value. It should be used as a strategic procurement tool by businesses to acquire valuable services for themselves and widen their profit margins.

Disclaimer : Sabra Easterday is the owner and founder of MatchB2B. Sabra is also a lawyer with a special interest in business issues and e-marketplaces. Notwithstanding that Sabra Easterday is a lawyer, nothing in this article and no services of MatchB2B or its website are legal services and no attorney-client relationship exists between any reader of this article or user, customer or potential customer of MatchB2B, and MatchB2B, its website or Sabra Easterday.

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Community Assumptions And Business Responsibility

September 1, 2018

Social responsibilities lay in business framework
Most people think of business simply as a way to generate money. While this may be a primary motivating factor for some, it also carries many underlain responsibilities. Business owners become part of the infrastructure of the community. They supply a service or product which fills a need of the community.

The common bond linking community and business lies in each others realization of shared assumptions. Business realizes they fill a need, desire or fixation of the community and the community realizes who their contributor is. While community can survive without business, business on the other hand cannot exist without community. No community is self sufficient and no business is customer free.

Business must develop social programs and policies that can be seen as responsive to social expectations, but not necessarily limited to socially demand. A firm having social awareness is in tune to its customers requirements as well as its viewpoint.

There are three main driving forces between business and society:

1. The idealistic outlook: primarily relates to principles and social responsibility,
2. the institutional outlook: Its expression of social responsiveness
3. the organizational orientation: primarily relates to policies and management of social issues.

There are four Basic Models of Business Relationships
1. Humanitarian – adhere to principles of compassion and reinvesting into the community
2. Ethical – adhere to principles of honesty and decency
3. Legal – adhere to all laws and regulations
4. Economic adhere to making a profit.

While a certain responsibility lies in being a good corporate partner and citizen, the most fundamental business responsibility is that of economics. The primary reason for being in business is to make a profit. Business exist for generating revenue for the business and in so doing, provides revenue for its employees. All other business responsibilities are based or established upon economic assumptions which is the responsibility of the people in charge. Without this statement the prognosis of future success becomes nothing more that arguable considerations.

While plotting a course of action, businesses are expected to operate within the framework of societal law, thus carrying the burden of legal responsibility. Likewise, legal responsibility is restricted to the letter of the law, while the spirit of law is
reserved for ethical reasoning.

Next, businesses are expected to have an ethical responsibility which is defined as any and all activities or practices which are either expected or prohibited by society members even though they are not written into law. Ethical classifications are further separated from legal activities by use of negative definition: ethical responsibility relates to those social expectations and norms not yet codified into law. In the same line, philanthropic responsibility designates those areas of voluntary social involvement not specifically
prohibited or demanded of companies because of their economic, legal, and ethical responsibilities.

Business also carry as a philanthropic obligation to contribute to its community. This responsibility is discretionary in nature and seen as an investment in future growth. Even though this is not a requirement it is a necessary and sufficient obligation that socially expects from responsible businesses.

Theoretical Assumptions

If the economic role of the business is reduced to the narrow emphasis of profit it then could become blinded to making of contributed economics. This posturing leaves out the need for community relations.

There is another scenario to consider which is in contrast to the ordinary view, the so-called separation thesis. This is when businesses focus either on profits or social
concerns but not on both. This rises a question of debate that businesses can not only be profitable and ethical, but they should fulfill these obligations simultaneously. Can a business be profitable and disconnected from community? In todays world, franchising brings business into a community while being completely detached from community needs.

The clear-cut separation of business from community raises the problem of coexisting within a harmonious environment. Even though a business may appear to be separated the burden of responsibilities still apply. The business provides a tax revenue as well as product, service and employment. There are interwoven responsibilities which represent the stimulus for economic considerations.

The social pressures imposed on todays business are decreasing in importance, whereas economic and legal responsibilities are a requirement and ethical practices are vaguely expected, charitable contributions although desired, are completely voluntary.

A good business citizen, while striving to fulfill all its responsibilities, will actually apply
the necessary priorities to secure its status in the community.

Businesses have a responsibility that goes well beyond the demands of law and common morality. They set as examples of good moral judgment and community responsibility.

Happy Trails

Business

Online Business School Seeks To Disrupt Business School Pricing And Value Proposition Model

August 25, 2018

Tulsa, Oklahoma, February 14, 2015 /PressReleasePing/ – Thrive15.com, the online business education platform for entrepreneurs, business owners and employees looking to improve their business skills, launches out of beta, after nearly three years of development. The online education platform is already disrupting the business school pricing and value proposition model. According to Bloomberg, the least expensive business schools such as the Illinois – Urbana Champaign School of Business and William and Mary Mason start at over $34,000 per year and many business schools like Cornell University are priced at over $50,000 per year.

“We’ve worked very hard to make our business school $49,400 less per year than other business schools and much more entertaining, engaging and interactive so you will actually retain what you are learning,” says Thrive15.com Founder and Chief Operating Officer, Clay Clark.

Thrive15.com currently has subscribers in 33 countries has been attracting the attention of both non-college graduates and college graduates who are amazed at the quality and the practicality of the website’s ever growing content. One Thrive15.com subscriber and a private Ivy league Graduate from Southport, Connecticut says, “I think if you were to go to one of those websites that evaluates schools, my school would rank in the top 3 in the U.S. However, theres no training on how to be an entrepreneur and run a business. What is provided is not considered to be important by the students. They have professors who have never built a business, but are giving them critiques on their work. When go out in the real world, you enter this foreign world of entrepreneurship.

Thrive15.com’s Founder, Clay Clark says, “We think Steve Jobs (Apple co-founder and former Pixar CEO) was correct when he said, “It is absurd that American classrooms are still based on teachers standing at a board and using textbooks. All books, learning materials, and assessments should be digital and interactive, tailored to each student and providing feedback in real time.”

Thrive15.com’s business education platform offers courses in 20 areas of business mastery including leadership, capital, accounting, marketing, sales, legal, and more. Thrivers rate themselves and their current proficiency in each area and can then choose from the ever-expanding course catalog consisting of thousands of business education videos.

Even proud pillars of academia such as Harvard Professor, Clayton Christensen, see a brewing storm for America’s colleges, “Generally universities are doing very well financially, so they don’t feel from the data that their world is going to collapse, but I think even five years from now these enterprises are going to be in real trouble.”

Thrive15.com videos are taught by world-class mentors including NBA Hall of Famer turned successful entrepreneur, David Robinson, the former Executive Vice President of Operations for Walt Disney World Resort, Lee Cockerell, the New York Times bestselling author and publicist of choice for Michael Jackson, Prince, P. Diddy, Charlton Heston, and countless celebrities, Michael Levine, and countless other experts.

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Quick Facts Thrive15:

Thrive15.com provides 15-minute practical online business courses taught by millionaires, mentors, and everyday entrepreneurial success stories.

Thrive15.com features many celebrity mentors including:

David Robinson, NBA Hall of Fame Basketball Player and founder of Carver Academy charter schools and Admiral Capital Group, which currently has a valuation of over $250 million; Lee Cockerell, the Former Executive Vice President of Operations for Walt Disney World Resort who once managed 40,000 + employees; Michael Levine, the founder of Levine Communications who has been the publicist of choice for Michael Jackson, Prince, P. Diddy, Charlton Heston, Cameron Diaz, and countless other celebrities; David Nilssen, the cofounder of one of the nation’s largest small business funding solutions, Guidant Financial and; Jonathan Barnett, the founder of the 400 + OXI Fresh franchise.

Thrive15.com has teamed up David Robinson and the U.S. Chambers, Hiring Our Heroes Program, to provide free subscriptions to U.S. military families as part of the 1 for 1 HandUp Movement.

Thrive15.com has been mentioned in Forbes, Pando Daily, Yahoo Finance, Business Insider, Entrepreneur, and numerous media outlets since launching in BETA.

Thrive15.com offers best practice and practical online education in the core areas of business mastery that every entrepreneur must know including: legal, real estate, investing, execution, purpose, mindset, networking, business modeling, overcoming adversity, capital, branding, marketing, sales, customer service, product/service development, quality control, accounting, management, human resources, and leadership.

Thrive15.com was founded by Chief Operating Officer and Oklahomas former U.S. Small Business Administration Entrepreneur of the Year, Clay Clark.

The Chief Executive Officer of Thrive15.com is doctor, entrepreneur, and venture capitalist, Doctor Robert Zoellner.

Thrive15.com offers points instead of grades and gives its users a chance to win a business boost package of over $10,000 every six months to the Thriver with the most points.

Thrive15.coms content is created by combining entertainment, gamification, and best-practice practical business education to increase the retention of training provided on the platform.

Press Contact:

Deedra Determan

D2 Branding

1609 S. Boston Ave

918-520-8012

http://www.d2branding.com

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Do’s & Don’ts In Contract Management Scope Creep

August 21, 2018

Where project management is concerned, a scope creep is a regular problem and finding ways to deal with it can be difficult for the team leader, and everyone else involved. What is refers to is when the projects scope, or vision, is impaired by uncontrollable changes.

Often, this happens when a project is not properly organized. It needs to be controlled, documented and defined to lead to as smooth a process as possible. Generally, it is a negative thing that needs to be avoided, but often this is easier said than done. Often, businesses work in tandem with their contract management supplier to help them create a thorough plan.

Things that tend to lead to a scope creep include: poor change adaptability, poor management, lack of communication and weak objectives.

The issue with Scope Creep

The implementation of contract management can be undermined before the process even begins through the scope creep deadly sin. Although it is widely-known that by scope creeping you can risk project success, not many people understand that this stage starts before the customer begins a discussion with the vendor.

When at the requirement gather stage, there needs to be collaboration for what is required of the content management provider and choosing a good system requirement. To do this, it is imperative to define what a companys business goals are for the implementation of a contract management system. By doing this the company will know the plan and goals, which will lead to a more disciplined approach which leads to a better knowledge on priorities for the implementation process.

Within large companies, prioritizing what business goals suit each department can be tough. It is a challenge because each department will require a different specification of contract management system. But, its important to not let the full spread of requirements obscure the core values of each team so that your business runs even more smoothly than usual.

The experts would point out that when you fail to plan properly then the end result is that you have mammoth proposals from providers, and this leads to an over complicated system that can need more than a year to implement. With this in mind, the project could well lose the momentum it needs through the delay that this would cause.

With this in mind, the ideal scenario is for the company to come up with a tangible and manageable list of goals for your business system and work in tandem with a contract management provider.

A tip that is often given is to develop Phase 1, Phase 2, and Phase 3 lists that add value to your goals across the short, medium and long-term. Your potential contract management provider can help you with this. Fundamental questions to ask are:
Do I know all the dates when contracts expire or need to be renewed?
Do I know contract status?
Am I over budget?

Business

Restaurant Kitchen Management System And Production Cost Control

August 14, 2018

Restaurant management systems grant food service management for restaurant establishments of all sizes and styles. This extremely planned software is unique and is competent to be customized to meet the unique needs of each food service establishment. Learn more about how this convincing yet inexpensive software can transform your food service business into a smooth management, money-making, society known business.

Point of sales provides far-fetched software that has been uniquely designed to meet the decision-making needs of restaurant business. This software is customizable to meet specific needs for pizzerias, delivery only, coffee shops, sub shops, multi-chain stores, and more. Your companies can know-how new levels of efficiency in employee and management hours as well as in customer service and the public awareness. The benefits of this management software are infinite. Restaurant management software has been designed by a restaurant skilled who is also a computer specialist. The result is a product that is transforming restaurants with its easy to use multi-functioning managerial skills.

The restaurant management systems to take businesses afar their existing situation and make over the business into a smooth running, efficient, customer pleasing, and community involved establishment. The assistance of this professionally designed unique software is transforming the way the restaurant business is run. Restaurant management software is built to track and manage all the activities with hotel chains and restaurants like cost and inventory.

Why leave open doors to waste and unnecessary employee earnings when you can utilize point of sales to stop avoidable waste and alleviate excess employee wages through streamlining tasks such as menu programming, inventory import, payroll, customer approval, employee hours, ordering products, product inventory, and more. The restaurant management systems also includes free training classes and 12 months of technical support to assist the restaurant business in the establishment of new managerial skills and customized options including customer incentives. Customer incentives are an easy and extremely effective way to build a strong customer base. It also assists restaurants in creating a voice in the community through unconfirmed report advertisement.

Customer incentives are a very successful marketing tool that is cost-effective when compared to traditional advertising known as scattered marketing. Scattered marketing includes mailings, booklet advertisements, and flyers. This type of marketing is not nearly as successful as customer incentives which encourage customers to make your establishment a common part of their daily, weekly, and monthly eating habits. Software for hotel management, restaurant accounting software, restaurant management software, restaurant production management, restaurant software, restaurant operations management, restaurant inventory management, catering management, catering software, best hotel management software, online hotel management software, hotel property management systems Automated customer incentives provide quality, inexpensive advertising that has proven long-term results.

Restaurant management systems can be installed onto existing tools in the restaurant by technical maintain or it can be ordered preinstalled on high-tech computer tools complete with register printers that provide gift cards as well as receipts and even coupons. The cash register express and the Microsoft retail management system worked together to completely assist restaurant management in the detailed running of the establishment. Every aspect of the restaurant business is overseen from A-Z utilizing this powerfully effective tool. Utilize point of sales to locate any leaky areas in your business that is producing wasted profit and begin to experience your business operating as a smooth running machine with the clarification of waste.

The restaurant management systems are customizable for multiple food service company and easily add in multi-cash inventory as well as multi-store chains into one easy to use system. Find out additional about how the powerful point of sales system can benefit your business. restaurant accounting software, restaurant management software, restaurant production management, restaurant software, restaurant operations management, restaurant inventory management, catering management, catering software, best hotel management software, online hotel management software, software for hotel management, hotel property management systems, kitchen production cost control management system, restaurant bill of materials, restaurant production management, restaurant menu based bill of materials, restaurant cost control management system, web based restaurant software, restaurant inventory management, restaurant vendor management, restaurant purchase management

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