Procurement Basics

Liquidity Management: Importance, Risks, and Best Practices

14 min read

Liquidity Management: Importance, Risks, and Best Practices

Liquidity management is a must-have practice for a company to meet its financial obligations. Learn how to measure liquidity and tips for improving it.

Marta Holyk
Marta Holyk
Procurement Basics
procurement management plan to mitigate inflation

10 min read

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.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
RFQ vs. RFP: Which One Should You Use?

9 min read

RFQ vs. RFP: Which One Should You Use?

RFQ vs. RFP: Which one should your company use to choose the best deal among prospective vendors? Learn more about each document, their differences, and tips to simplify the RFQ and RFP processes.

Marta Holyk
Marta Holyk
Procurement Basics
healthcare procurement

9 min read

Healthcare Procurement: 3 Common Challenges and Their Solutions

Healthcare procurement faces challenges like disorganized purchasing, limited visibility, and risk of fraud and human errors. Learn how to efficiently tackle them.

Marta Holyk
Marta Holyk
Procurement Basics
strategic sourcing

13 min read

Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Would you like to improve your procurement process, develop supply channels, and gain a competitive advantage? Let's see how strategic sourcing can be helpful with the task.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
software solutions for the healthcare industry

9 min read

5 Must-Have Software Solutions for the Healthcare Industry

Healthcare software can tackle various needs in the medical field. Learn about the most useful features, what kind of tools to prioritize, and how to build the best stack for your organization.

Marta Holyk
Marta Holyk
Procurement Basics
purchase price variance

12 min read

What Is PPV? Purchase Price Variance Explained

What if we told you that you can drastically improve overall business profitability by looking at one specific procurement metric? Let’s take a look at purchase price variance.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
po numbers

7 min read

PO Numbers in Procurement: Why Every Company Should Use Them

How can companies make their purchase orders super accessible and improve the overall tracking of ordered goods? Use PO numbers!

Marta Holyk
Marta Holyk
Procurement Basics