California public power utility SMUD has entered into a new partnership with PlanetBids, a procurement software provider for California agencies.
“This collaboration marks a significant step forward in the District's mission to be a trusted and powerful partner in achieving an inclusive, zero-carbon economy while ensuring energy affordability and reliability. PlanetBids is backed by Capstreet,” a news release said.
“To continue SMUD's dedication to supporting small business and community partnerships in public procurement, PlanetBids will help the District conduct fair and easy procurement activities that enhance quality of life for customers and community while responsibly utilizing public funds,” the news release from PlanetBids said.
PlanetBids’ software will help SMUD automate various procurement tasks and improve vendor communication, reducing administrative burdens and expediting procurement cycles.
Part of SMUD’s vision is to protect the environment and eliminate greenhouse gas emissions. By adopting PlanetBids, the District will significantly reduce the consumption of paper, fossil fuels, and other resources associated with traditional procurement methods. SMUD leverages its relationships to catalyze economic and workforce development and enhance community vitality.
PlanetBids will help the District provide opportunities for small and diverse business enterprises while meeting regulatory and business compliance standards.
SMUD also recognizes its responsibility to provide reliable and affordable electricity to all. Through increased competition and reduced administrative costs, the implementation of PlanetBids’ software will contribute to significant cost savings for consumers, the company said.
