Chief Procurement Officer (CPO) — Meaning and Their Role in Procurement
The chief procurement officer is absolutely vital for maintaining efficiency in an organization’s spending. Read about the CPO’s responsibilities, the role they play in procurement, and the ideal skill set for the job.
7 Basic Types of Supply Chain Risks
Read about the main supply chain risks businesses face, their possible causes, and mitigation strategies.
How Fintech Startup Tymit Increased Visibility and Significantly Shortened the Month-End Close
Learn how Tymit harnessed Precoro’s features to rule out typical startup challenges, improve visibility, and improve their AP process.
How Does Purchase Order Financing Work?
Read about the purchase order financing process, its pros and cons, and how it can help a company land big orders to grow the business.
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.
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.
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.
How a Venture Capital Fund Manages Procurement for 11 Companies
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.
