2 min read
Product Update, October 2019
Here are new exciting improvements we've made this month. See what's new in Precoro!
5 min read
Important Precoro Q3'19 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 a lot of time and nerves. We share the good news in advance: A flexible and updated approval process We
2 min read
The Evolution of Procurement: Where We've Been and Where We're Going
The role of procurement has changed dramatically over the last several decades. In the past, procurement was primarily focused on cost savings.
2 min read
Gantt Charts for Procurement Projects
A Gantt chart is a powerful tool that can be used to plan, schedule, and track procurement projects. This type of chart provides a visual representation of the project timeline and can be used to identify potential risks and issues.
3 min read
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 the procurement market. Moreover, it should be open to public examination and review, thus making it a transparent process. What
3 min read
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 most must agree that one document is crucial for all business functions and its contribution is often underestimated – now we
2 min read
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 becomes, the more likely that a disruption in supply anywhere along its supply chain can result in the company’s
3 min read
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 qualifying suppliers and determining the award of business. Today we will outline four basic stages of successful sourcing. In addition,
