Procurement Basics
1 min read
Procurement Process: An Overview
In business, procurement is the process of acquiring goods or services. The main purpose of procurement is to ensure that the company can obtain the necessary materials and services in a timely and cost-effective manner.
2 min read
How to Create a Procurement Game Plan
Every organization has different procurement needs, which means that there is no one-size-fits-all solution when it comes to procurement. However, there are some best practices that all organizations can follow to ensure that their procurement process is as efficient and effective as possible.
2 min read
Indirect vs. Direct Goods and Services: What's the Difference?
Indirect goods and services are those that are not essential to the core product or service of a company. They are often used in the production or delivery of a company's primary offering, but they are not themselves the primary offering.
2 min read
What is High-Level Procure to Pay?
Procure to pay, also known as P2P, is the process of acquiring goods or services and then making payments for those goods or services. The procure to pay process usually consists of four main stages: requisition, purchase order, receipt, and invoice.
1 min read
How the "Procurement Cult" is Killing Innovation
In today's business environment, the pressure to cut costs is greater than ever. As a result, many organizations have turned to procurement to save the day.
2 min read
4 Tips for Optimizing Accounts Payable and Receivable
Accounts payable (AP) and accounts receivable (AR) are two of the most important—and often most overlooked—aspects of any business.
2 min read
All You Need to Know About Purchase Orders
A purchase order is a formal contract between a buyer and a seller. It's used to record the details of what's being bought, how much it costs, and when delivery is expected.
4 min read
Strategic Spend Management: 5 Steps to Automate Your Processes
Learn 5 steps to automate your spend management and maintain superior control.
