15 min read
Single Source vs. Sole Source: What Is the Difference?
Find out the differences between single source vs. sole source, along with their benefits, challenges, and examples.
16 min read
Vendor Scorecard: Definition, Benefits, and Examples
Discover vendor scorecards, learn about their benefits, and explore practical examples to enhance your supplier management process.
12 min read
T-Accounts: Meaning, Examples, Benefits, And Recording
Learn what T-accounts are in accounting with clear T-account examples, key benefits, and a simple guide to transaction recording.
11 min read
Cost Efficiency: Definition, Examples, and Best Practices
A complete guide to cost efficiency in operations, budgeting, and procurement. Learn definitions, examples, and top methods to cut waste and maximize ROI.
10 min read
What Are Duplicate Invoices, How to Spot & Prevent
Discover what causes duplicate invoices and the best techniques and tools to spot and stop them before they lead to payment issues.
16 min read
Invoice Fraud: What It Is, Ways to Spot It, and Steps to Stop It
Learn about invoice fraud, identify its red flags, and prevent costly scams with our guide.
11 min read
Sales Order vs. Purchase Order: A Beginner's Guide
Think back to the last time your business hit a procurement roadblock. Perhaps it was a mixed-up purchase order or an inaccurate sales order—pricey yet worthwhile lessons. In this guide, we walk you through basic procurement concepts (e.g., what a sales order is vs. a purchase order and
14 min read
What is an RFI? Templates and Tips on How to Write Effective RFIs
Learn the meaning of an RFI with easy-to-follow examples, templates, and use cases. Get pro tips to write impactful RFIs for smarter bid decisions.
