Procurement Basics

supplier relationship management software

15 min read

Supplier Relationship Management Software: The Best Tools & Strategies

Discover the top five supplier relationship management software and explore ways to choose the perfect fit for your company.

Marta Holyk
Marta Holyk
Procurement Basics
procurement strategy

13 min read

Top-8 Procurement Strategies in 2024: Where to Start and How to Get Them Right?

When procurement strategy is aligned with the business goals, businesses can count on high-value results. Read about strategy types and follow a step-by-step template to develop one.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
gl codes in expense tracking

12 min read

GL Codes in Expense Tracking: Importance, Examples, and Best Practices

GL codes help businesses accurately track every transaction and ensure error-free reports. Learn how to use them for efficient expense management.

Marta Holyk
Marta Holyk
Procurement Basics
Procurement catalog

12 min read

Why a Well-Managed Procurement Catalog Is a Must for Cost Efficiency

Let’s discuss how businesses can drive purchasing efficiency and optimize costs by using software for procurement catalogs.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
e-invoicing software

19 min read

E-Invoicing Software Solutions and Tips on How to Select the Best One

E-invoicing is a cost-efficient and time-saving alternative to the manual process. Discover benefits and tips for implementation.

Marta Holyk
Marta Holyk
Procurement Basics
online procurement systems

21 min read

Online Procurement System: Guide to Choosing the Right Tool

An online procurement system is essential for full visibility and control over budgets, expenses, and purchases. Learn how to choose the best fit for you.

Marta Holyk
Marta Holyk
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