Procurement is often a misunderstood and disregarded (unfortunately!) function of an organization. However, procurement optimization can produce a host of benefits and add tremendous value … How Procurement Optimization Adds Value to Organizations
Major shifts in the supply chain are impacting the future of procurement globally. Companies all around the world are struggling to respond to emerging … What is Procurement Intelligence and How Can It Benefit Your Business?
Within the realm of business negotiations there are two forms of negotiations you can make, depending on time and circumstance. Especially when it comes … E-Procurement and Supply Chain Management: Negotiating 101
What is your purchasing process like? If you can’t answer this question, you might be missing out on opportunities to save costs and improve … Purchasing Process: Everything you need to know (plus 3 best practices)
Better Visibility into Company Spending Businesses spend billions of dollars to figure out where they can save time or money. Companies will change store … Spend Analysis – Visibility into Company Spending
Explore the distinctions between direct and indirect procurement. Dive into their roles, strategies, and impact on spend management. Discover how they influence a company’s operations, profitability, and supplier relationships.
Throughout history, advances in technology have allowed people to pursue creativity expand their minds to develop even more technological advancements. As technology advances, so does … 3 Essential Qualities to Drive Effective Procurement
The Procurement Process basics relates to the buying process of businesses and usually refers to the purchasing of supplies or services. Many companies use … The Basics of the Procurement Process: What You Need to Know
: Dive into the complete guide on the Procure-to-Pay process. Understand each step, embrace best practices, tackle challenges, and discover future trends for optimizing your business’s procurement and payment activities.
The first time match rate As we discussed in our previous post, first time match rate (FTM) is an essential Key Performance Indicator (KPI) … Why Increasing Your First Time Match Rate Is Critical to Reducing Costs
Many established companies use Key Performance Indicators (KPIs) as a way to measure the success of a particular activity that it is engaged in. … Procure to pay KPIs: 11 metrics you need to track