Procurement Basics

purchase order vs invoice

12 min read

Purchase Order vs. Invoice: Do You Need Both?

While some companies choose not to create POs for invoices, studies show this approach comes with considerable downsides.

Marta Holyk
Marta Holyk
Procurement Basics
generally accepted accounting principles

13 min read

GAAP for Accounts Payable: What It Is and Why It's Important

What are the Generally Accepted Accounting Principles and how can they increase transparency in the AP process? Explore the importance and fundamental rules of GAAP.

Marta Holyk
Marta Holyk
Procurement Basics
ledger with budgets for 2022 and 2023

12 min read

Month-End Close Tips and Checklist: For Newbies to Experienced Closers

Would you say that your company did better last month than the one before? Do you have a plan for improving next month? To understand if they’re making progress with long-term goals, finance teams undergo regular month-end closes.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
it procurement

10 min read

IT Procurement: How to Purchase IT Products and Services Effectively

Discover how to establish a successful IT procurement process and make informed decisions when acquiring new hardware and software.

Marta Holyk
Marta Holyk
Procurement Basics
illustration of metrics and graphs and tables

13 min read

Track the Supply Chain Metrics that Really Matter

Would you say that you have a good understanding of your company’s supply chain strengths and weaknesses? How spot-on are your plans and estimates for the supply chain cycle?

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
supplier onboarding

9 min read

Supplier Onboarding: Tips and Proven Methods

Learn the best practices of the supplier onboarding process to seamlessly integrate new vendors and form long-term partnerships.

Marta Holyk
Marta Holyk
Procurement Basics
sustainable procurement

14 min read

Sustainable Procurement: Everything You Need to Know

Discover how sustainable procurement is revolutionizing business practices and driving a positive impact on our planet and society.

Marta Holyk
Marta Holyk
Procurement Basics
supply chain disruptions

9 min read

How To Overcome The Current Supply Chain Disruptions As A Manufacturer

As a manufacturer, your factory floor may be where your products come to life. Yet the goings-on in your factory can mask the critical role external actors play when asking for the inputs you need to confirm product delivery to the end user.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics