9 min read
5 Ways to Improve Finance Operations for SMBs
Small and midsize businesses are, while fragile, also in a perfect spot for growth. The durability and chances of success of an SMB often depends on the efficiency of its finance department, so let's talk about some of the strategies to improve finance operations for such companies.
12 min read
What Is Procurement? A Comprehensive Overview of Key Processes
Procurement plays a key role in business operations, from the simplest to the most complicated ones. Companies of all sizes and in all industries have to purchase things in order to function. Read how procurement ensures it’s done efficiently and why approaching it strategically is so important.
8 min read
Cost Centers: How to Understand and Optimize Them
Cost centers serve as critical components in any organization, offering a lens through which to analyze and manage expenses effectively. Read about the logic of cost centers and ways to manage them with maximum efficiency.
10 min read
Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation
In the ever-evolving landscape of business, inflation is something every stakeholder should care about. Learn how a procurement management plan can improve a company’s durability and mitigate the effects of inflation.
7 min read
How a Venture Capital Fund Manages Procurement for Eleven Companies with One Software
Read about a venture capital studio that implemented procurement software to manage purchases for 10 portfolio companies in addition to their own. Redbud Brands went from not knowing if a purchase order was approved to making every payment in time.
13 min read
Unlocking Success: Why Strategic Sourcing Is Important for Your Company
Would you like to improve your procurement process, develop supply channels, and gain a competitive advantage? Let's see how strategic sourcing can be helpful with the task.
12 min read
What Is PPV? Purchase Price Variance Explained
What if we told you that you can drastically improve overall business profitability by looking at one specific procurement metric? Let’s take a look at purchase price variance.
14 min read
Understanding Procurement Contracts
No matter how great your procurement process is, bad purchasing contracts can leave you stuck in the mud. Learn how to tread smoothly when it comes to procurement contracts.
