Procurement Basics
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.
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.
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.
15 min read
Liquidity Management: Importance, Risks, and Best Practices
Liquidity management is a must-have practice for a company to meet its financial obligations. Learn how to measure liquidity and tips for improving it.
10 min read
Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation
In the ever-evolving landscape of business, inflation is something every stakeholder should care about. Learn how a procurement management plan can improve a company’s durability and mitigate the effects of inflation.
9 min read
RFQ vs. RFP: Which One Should You Use?
RFQ vs. RFP: Which one should your company use to choose the best deal among prospective vendors? Learn more about each document, their differences, and tips to simplify the RFQ and RFP processes.
9 min read
Healthcare Procurement: 3 Common Challenges and Their Solutions
Healthcare procurement faces challenges like disorganized purchasing, limited visibility, and risk of fraud and human errors. Learn how to efficiently tackle them.
14 min read
Unlocking Success: Why Strategic Sourcing Matters
Would you like to improve your procurement process, develop supply channels, and gain a competitive advantage? Let's see how strategic sourcing can be helpful with the task.
