Strategic Spend Management: 5 Steps to Automate Your Processes Small businesses in America are thriving and many people are jumping on the bandwagon because of the exceptional growth rate. But while your own enterprise may experience success, you are
Product Update, December You asked for them and so we’ve created them. They are finally here! We’re pleased to announce new features that all of us have been waiting for. Budgets
Product Update, November This month we are going to release some important Precoro updates that our users have been waiting for. There are a few we are particularly excited about. Better Request for
Product Update, October Improved approval process If your company has a lot of departments, employees, and orders – you will always need a clear approval chain. We’ve worked hard to improve this process
Important Precoro Q3 Updates At Precoro, we strive to make your procurement process as simple and straightforward as possible. To do this, this quarter we will improve several important functions that will save you
Transparency is the Key Feature of Successful Procurement Procurement process should be carried out in a fair and transparent manner. The most important and broadly accepted principle underlying a modern procurement system is open competition – free access to
Why Using Purchase Order is Important? Gather the leaders, the heads of departments, managers and ask them which document in the company plays one of the most significant roles. There will be many different answers, but
Importance of Risk Management in Procurement Risk is probably one of the most pervasive topics today in sourcing and supply management. The reason for this is quite logical: the more dependent on its suppliers a company
5 KPIs for Purchasing Manager To identify the best supplier the purchasing manager sets requirements for the quality, value, price and reliability of goods and services. The procurement manager is also responsible for the efficiency
What is Centralized Purchasing? Most organizational leads would definitely agree that choosing the right control scheme is always a challenge. For most CPOs and CFOs it is especially hard to determine which purchasing system
Four Basic Stages of Supplier Selection Supplier evaluation and selection is one of the key organizational functions needed for successful business growth and development. It is critical, therefore, that the procurement professional implements effective processes for
The Difference Between Procurement and Supply Chain Management Have you ever wondered what the difference between procurement and supply chain management is? Even though above-mentioned concepts are related, there is a distinct difference between them. In our today’
7 Basic Types of Supply Chain Risks Risk management is the process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk with offsetting benefits. It is a systematic approach used
