procurement vs. acquisition

11 min read

Procurement vs. Acquisition: Meaning, Scope, and Where the Overlap Is

Procurement vs. acquisition isn’t just terminology. Understand ownership, steps, tools, and how each process creates value in business or government.

Marta Holyk
Marta Holyk
Procurement Basics
banner

4 min read

Centralize Automotive Parts Procurement with Precoro & NAPA Integration

Try out the Precoro and NAPA PunchOut to bring all your orders, approvals, and budgets into one automated workflow, making procurement faster and easier to control.

Kateryna Bubliienko
Kateryna Bubliienko
Product Updates
vendor procurement

14 min read

Vendor Procurement: How to Bring Order to Your Supplier Landscape

Strengthen vendor procurement with practical steps: standardize selection, consolidate your supplier base, and give teams tools to buy the right way.

Marta Holyk
Marta Holyk
Procurement Basics
procurement excellence

19 min read

Procurement Excellence: Framework, Pillars, and Implementation Challenge

Learn what procurement excellence means, its core pillars, maturity stages, KPIs, and how it drives measurable business value.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
procurement optimization

13 min read

Procurement Optimization: How to Build a Framework for Consistent Purchasing

Your purchasing can be more effective. See how procurement optimization can build on the strengths of your process and address its weaknesses.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
Invoice reconciliation

19 min read

Invoice Reconciliation: What It Is, Benefits, and How to Reconcile Invoices

Understand how invoice reconciliation works, its benefits, and the best practices to reduce errors and speed up your AP process.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
procurement challenges

19 min read

Procurement Challenges and Solutions: From Strategy to Execution

Address procurement challenges head-on, from supply chain issues to vendor control, with cost-saving solutions.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
procurement organization structure

19 min read

Procurement Organization Structure and Design: How to Build a Fail-Proof System

Learn how centralized, center-led, and decentralized procurement organization structures impact your team and how to optimize your setup.

Svitlana Mysak
Svitlana Mysak
Procurement Basics