Procurement Basics

vendor management lifecycle

17 min read

Vendor Management Lifecycle: How to Choose, Manage, and Offboard Vendors

Bring structure to your partnerships with the vendor management lifecycle. Discover the steps, pain points, and best practices to address them.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
financial audit

13 min read

Financial Audit: Definition, Types, and Best Practices

Financial audit coming up? This guide explains what it is, how it works, and shares tips to prepare and improve your results.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
procurement intelligence

14 min read

Procurement Intelligence: From Unstructured Data to Strategic Insights

Relying on old records is no longer enough. Learn how procurement intelligence helps develop a forward-looking strategy with real-time insights.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
definition of the accounts payable ledger

14 min read

Accounts Payable Ledger: Meaning, Examples, and Tips to Manage

Learn what an accounts payable ledger is, see practical examples, and discover expert tips to manage it efficiently for better financial control.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
procurement strategy

18 min read

Procurement Strategy: Your Action Plan for Proactive Purchases

Move from reactive buying to strategic procurement. With a procurement strategy, every purchase contributes to your business goals.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
should cost model definition

13 min read

Should-Cost Model 101: How to Build, Calculate, and Negotiate?

Discover how to build and calculate a should-cost model and use it to negotiate smarter pricing and improve procurement outcomes.

Anastasiia Svyr
Anastasiia Svyr
Spend Management
cloud procurement

18 min read

The Ultimate Guide to Cloud Procurement: Everything You Need to Know

Explore how cloud procurement modernizes purchasing workflows. Get a breakdown of its benefits, deployment models, and what features to look for.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
procurement automation

17 min read

How Procurement Automation Benefits Each Step of the Procurement Process

Learn why procurement automation matters more than ever, where it makes the biggest difference, and what issues you’ll encounter.

Svitlana Mysak
Svitlana Mysak
Procurement Basics