Procurement Basics

chief procurement officer

11 min read

Chief Procurement Officer (CPO) — Meaning and Their Role in Procurement

The chief procurement officer is absolutely vital for maintaining efficiency in an organization’s spending. Read about the CPO’s responsibilities, the role they play in procurement, and the ideal skill set for the job.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
group purchasing organizations

10 min read

Group Purchasing Organizations: Principle of Work, Pros, and Cons

Group purchasing organizations (GPOs) enable companies to buy goods and services at lower prices. Learn how GPO groups work and tips for efficiency.

Marta Holyk
Marta Holyk
Procurement Basics
accounting software for nonprofits

12 min read

Top 5 Accounting Systems for Nonprofits

Our list of the best nonprofit accounting software, chosen for their features, usability, and reputations.

Marta Holyk
Marta Holyk
Procurement Basics
Understanding Invoice Tracking [+ Free Template]

9 min read

Understanding Invoice Tracking [+ Free Template]

Learn invoice tracking tips, key benefits, software selection criteria, and get access to a free invoice tracking template.

Marta Holyk
Marta Holyk
Procurement Basics
improve financial operations for smbs

9 min read

5 Ways to Improve Finance Operations for SMBs

Small and midsize businesses are, while fragile, also in a perfect spot for growth. The durability and chances of success of an SMB often depends on the efficiency of its finance department, so let's talk about some of the strategies to improve finance operations for such companies.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
what is procurement

12 min read

What Is Procurement? A Comprehensive Overview of Key Processes

Procurement plays a key role in business operations, from the simplest to the most complicated ones. Companies of all sizes and in all industries have to purchase things in order to function. Read how procurement ensures it’s done efficiently and why approaching it strategically is so important.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
Value-Based Purchasing in Healthcare Explained

9 min read

Value-Based Purchasing in Healthcare Explained

Value-based purchasing is a healthcare payment model that incentivizes high-quality care. Learn the key benefits and how healthcare systems might incorporate this practice.

Marta Holyk
Marta Holyk
Procurement Basics
cost centers and how to optimize them

8 min read

Cost Centers: How to Understand and Optimize Them

Cost centers serve as critical components in any organization, offering a lens through which to analyze and manage expenses effectively. Read about the logic of cost centers and ways to manage them with maximum efficiency.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics