Breaking Down the Category Management Definition in Procurement
When Brian F. Harris, former university professor at the University of Southern California (USC)...
RFI vs RFP: How to Progress in the Request Process
Understanding the nuanced differences between similar terms in an industry is essential to...
3 Limitations of e-Auctions and How to Overcome Them
Did you know that reverse auction software can help you save 18 to 40% on addressable spend?...
How Procurement Software has Progressed in 2020
2020 is going to be a significant year historically. From the world-wide pandemic, to the mass...
Purchase Requisition vs Purchase Order in Review
In an industry like procurement, there are a lot of different terms that sound very similar, and...
Procurement Software Implementation in 3 Easy Steps
Procurement and sourcing teams are some of the busiest departments of any organization. All year...
5 Tips When Using Inventory Management Software
Without inventory management, businesses, economies, and societies would descend into chaos....
A Vendor Management Guide for Procurement Leaders
As discussed in previous articles, there are various roles throughout a procurement team. While...
How Contract Management Software is Changing the Game
Contract management software (CMS) is revolutionizing the way sourcing and procurement teams do...
The 5 Major Benefits of e-Tendering
Before implementing a procurement software, or a series of procurement technologies just because...
The Role of a Sourcing Specialist on a Procurement Team
As with any sort of team that is composed of various people with varying obligations, procurement...
The Source to Pay Life Cycle in a Procurement Year
A lot of people often ask us, ‘What is source to pay process?’ Many people are under the...
Avoiding Procure to Pay Cycle Pitfalls
The procure to pay cycle is made up of a series of processes and procedures all related to the...
RFQ Meaning: Understanding a Request for Quote Procedure
The procurement process is all about creating reliable, resilient, and sturdy supply chains, while...
What is Strategic Sourcing? Your Procurement Guide
What is Strategic Sourcing? According to businessdictionary.com strategic sourcing is defined as...
Understanding Contract Lifecycle Management (CLM) in Procurement
In departments like procurement, there can often be so many concurrent activities that it’s hard...
Enhancing the RFP Process for a Stronger Supplier Relationship
The supply chain is a vital aspect to any organization in any industry. Developing a book of...
An RFI Template Your Procurement Team Can Easily Follow
We all know that in business, time is money. As a procurement professional whose job is to secure...
e-Auction Bidding in the Procurement Process
In an age where innovation is running rampant, there are constant updates to industry standards,...
