What is RFP?
What is RFP and what does RFP stand for? To those new to the procurement industry, RFP sounds a...
Choosing the Right Source To Pay Procurement Software
Something entrepreneurs, business professionals, and trendsetters all understand is that nearly...
The Types of Auctions in eCommerce Used in Procurement
“Going once, going twice, sold – to the gentleman in the grey cap!”. Okay, not quite....
What is an ERP System?
What is an ERP system? How can it boost your business operations and just how does it work?...
How to Increase Your Inventory Turnover Ratio
Have you ever wondered what the fuss is regarding the inventory turnover ratio? Why is it...
How to Create a Purchase Requisition Workflow
There is nearly an endless number of ways to accomplish any single task or activity. Understanding...
The Differences Between Direct vs Indirect Procurement
Father of the Portfolio Purchasing Model, Peter Kraljic, a former McKinsey & Co. director is...
Three Green Procurement Practices You Should Develop
Conservation is finally starting to become a mainstream topic. This isn’t just in business and...
What is Direct Sourcing? Your Procurement Guide
A fascinating aspect of the universe is that there’s hardly ever a single path to the same...
Source to Settle vs Procure to Pay
Every business is always looking for ways to maximize savings and streamline operations for better...
A Procurement Team’s Source to Pay Process Definition
As much as we would like life to be black and white for simplicity’s sake, that just isn’t the...
8 Vendor Management Best Practices
What are some of today’s top vendor management best practices? What vendor management pitfalls...
Finding a Procurement Service that Fits Your Business
Remember Goldilocks? The little lady who wandered into the forest and tested each porridge and...
The Role of RFI in Procurement
Are you making the most of Requests for Information (RFI) in your procurement model? The modern...
Category Management Tactics and Execution
No matter who is playing, a chess match is played one move at a time. However, the greats, the...
How to Develop Your Procurement Spend Analytics
How much does your enterprise spend on procurement each quarter or each year? Are these figures...
What is Contract Management? Your Procurement Guide
Contract management or contract administration is one of the key duties procurement and sourcing...
Developing a Useful Tail End Spend Management Plan
In life, there are certain aspects and elements that become more emphasized as we mature into our...
Strengthen Your Purchase Order Requisition Process
“A chain is only as strong as its weakest link.” This phase is both literal and metaphorical. In...
