Supplier Management Tools Every Organization Needs
Are you wondering what some of the best supplier monitoring tools on the market today are? You’re...
What is The Best E-Procurement System for SMEs?
SMEs, or small-to-medium-sized enterprises, are an important aspect of the economy. While every...
The Complete Procure-to-Pay Cycle
What is procure-to-pay (P2P) and how does it affect your procurement campaigns? What is the role...
Reporting and Analytics – How Effective Are They in Procurement?
What is the role of an e-procurement report? Where does analytics fit in for procurement teams?...
Supplier Management in Procurement – Its Benefits, Process, & Best Practices
Besides your customers, your suppliers might be the next most important group of people with which...
The Key Differences between Direct and Indirect Procurement
Why is there a distinction made between direct and indirect procurement? Both direct and indirect...
Invoice Payment Process and Approval in Procurement Cycle
“Just the tip of the iceberg” – it’s a common phrase used when there’s a lot more to...
How to Assess Supplier Risk Management in Procurement: An Overview, Report, and Checklist
The risk will always be a part of our everyday lives. There’s no escaping it, honestly, but that...
What Are The Steps In The Procure-to-Pay Process?
Purchase-to-pay/ procure-to-pay, source 2 pay process, there just seems to be more and more...
What is a Bill of Materials (BOM) and How Do You Create One?
What is a bill of materials (BOM), and how does it impact the life of manufacturers? If you’re...
The Role of E-Procurement in Supply Chain Management
A procurement strategy is made up of a myriad of components, processes, and systems. In broad...
Contract Management VS. Contract Administration
What are contract management and contract administration, and how do these two processes impact...
Ways AI is Changing Contract Management for Good
Artificial intelligence, or AI, has been around for a lot longer than many realize. Today, when we...
What is Supplier Information Management?
What impact does accurate and readily available supplier information have on an organization?...
What is Supply Base Management?
Have you ever wondered how some companies always appear to have their suppliers in order? Do you...
Why do businesses need strategic sourcing?
As things advance and evolve, they become more complicated. In biology, for example, it’s widely...
What is Indirect Sourcing?
There are two sides to every coin and every story. The world of procurement is often divided into...
How an Effective Category Strategy Can Improve Procurement
The reason that local phone numbers are seven digits is actually psychological and scientific. The...
What is a Japanese Auction?
Sourcing and procurement can be complex endeavors. This is why alternative negotiation approaches...
