Procurement Basics

procure to pay

Procure-to-Pay Process: End-to-End Guide

Everything you wanted to know about P2P: definition, importance, process steps explained, automation, software solution must-haves, and best practices.

Nataliia Molokova
Nataliia Molokova
Procurement Basics
fixed assets in quickbooks

How to Record Fixed Assets in QuickBooks Online

Check out this short guide to learn what is a fixed asset in QuickBooks Online, how it works, and how to record fixed assets in your QBO accounting system.

Nataliia Molokova
Nataliia Molokova
Integration Tips
supplier management best practices

8 Supplier Management Best Practices any business can implement

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. It can either make you a company's superhero or add extra headaches and purchasing risks.

Nataliia Molokova
Nataliia Molokova
Supply Chain Management
automate purchase orders

How to automate Purchase Orders? — Purchasing Automation Pros and Cons

Discover the risks of a manual purchasing process and learn steps to tackle purchase order automation effectively.

Nataliia Molokova
Nataliia Molokova
Purchase Orders
procurement automation

How to Improve Performance Through Procurement Automation

In today’s competitive business landscape, organisations are under pressure to improve performance whilst reducing costs. One area where businesses can make significant efficiency gains is in their procurement function.

Nataliia Molokova
Nataliia Molokova
Procurement Basics
procurement plan

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.

Nataliia Molokova
Nataliia Molokova
Procurement Basics
indirect vs direct

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.

Nataliia Molokova
Nataliia Molokova
Procurement Basics
procurement and innovation

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.

Nataliia Molokova
Nataliia Molokova
Procurement Basics