Procurement Basics
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.
1 min read
How to Reduce Paper Consumption in Procurement
In many organizations, procurement is one of the most paper-intensive departments. From printing out supplier catalogs and price lists to filling out and filing purchase orders, it's no wonder that the average procurement department goes through a staggering amount of paper each year.
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
