Procurement Basics

procurement vs purchasing

17 min read

Procurement vs. Purchasing: Similar but Different

Detailed side-by-side comparison of procurement vs. purchasing. Learn why they aren’t the same and how the difference impacts your business.

Marta Holyk
Marta Holyk
Procurement Basics
ai in procurement

24 min read

AI in procurement: Applications, Challenges, and Mitigation Strategies

Explore the impact of AI in procurement and read about real-world applications, key challenges, and practical strategies to overcome them.

Marta Holyk
Marta Holyk
Procurement Basics
purchase order process

15 min read

Purchase Order Process — The Definitive Guide

A complete guide on purchase order process steps, the best optimization practices, and ways POs make a difference in your business operations and expenditures.

Marta Holyk
Marta Holyk
Purchase Orders
procurement reporting and dashboards

16 min read

How to Use Procurement Reporting and Dashboards to Make Data Actionable

Wondering what procurement data to analyze and how to do it right? Here’s everything you need to know about procurement reporting and dashboards.

Marta Holyk
Marta Holyk
Procurement Basics
Centralized Purchasing System – Key Benefits and Effective Strategies

15 min read

Centralized Purchasing System – Key Benefits and Effective Strategies

For most CPOs and CFOs, deciding on the right purchasing setup — centralized or decentralized — is no small task. Each model has its perks, and choosing the best fit can feel like walking a tightrope. In this article, we’ll explain what centralized purchasing is, discuss the challenges it tackles, go

Marta Holyk
Marta Holyk
Procurement Basics
procurement kpis

10 min read

Procurement KPIs & Metrics: What To Focus on and How To Measure

Check out our list of the top 13 procurement KPIs, learn how to track them, and what to focus on to drive the most value for your company.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
supplier relationship management software

13 min read

Supplier Relationship Management Software: The Best Tools & Strategies

Discover the top five supplier relationship management software and explore ways to choose the perfect fit for your company.

Marta Holyk
Marta Holyk
Procurement Basics
procurement strategy

13 min read

Top-8 Procurement Strategies in 2024: Where to Start and How to Get Them Right?

When procurement strategy is aligned with the business goals, businesses can count on high-value results. Read about strategy types and follow a step-by-step template to develop one.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics