What Is Procurement Strategy and How To Build It
In today’s competitive market, a procurement strategy helps businesses pay close attention to their operational performance and identify areas where they can reduce costs. This
Procurement
What Is Procurement Software and Why Companies Need It
When it comes to the success of a company, procurement is a vital function. To get the best products and services at the best prices,
5 Important Procurement Trends To Know In 2022
Nearly every area of the business world is being ushered into the age of technology, and the field of procurement is no different. Procurement trends
Thinking About Automating Procurement? Read This
When it comes to procurement, sourcing the right items from the right vendor while on a deadline can sometimes lead to costly errors when done
The Data Transformation Process: 4 Step Explanation
Data is everywhere, but it doesn’t mean much in its raw form. Even if the process isn’t part of your job, data transformation is essential
3 Ways Digital Procurement Will Transform Your Business Operations
2020 and the COVID-19 pandemic threw challenges at businesses they never saw coming. Organizations had to quickly pivot and change ways of working to stay
Strategic Sourcing: Apply Principles To Modern Procurement
Strategic sourcing is the critical process that helps buyers identify what they really need to succeed, and then works with vendors inside and outside their
Modern Software Changes Digital Procurement In These 6 Ways
In the past, procurement has been a time-consuming and manual process. You had to go out and find vendors that you were interested in bidding
What is Contract Lifecycle Management?
A Quick Guide To Understanding Contract Lifecycle Management Regardless of the type of organization, contracts are an essential part of day to day operations.
Create a Killer Sourcing Template with These 5 Rules
Okay put your hand in the air if you’ve participated in an RFP with a nightmarish pricing template. Now put your other hand in the
Streamline the Sourcing Process for Your Multi-Unit Business in 5 Steps
The sourcing process isn’t always as fun as people tell you. (People do say it’s fun, right?) Okay, oftentimes it’s actually pretty challenging. From building
The (Notorious) R.F.P. Timeline & Accountability Matrix
So you put your team through the gauntlet of our last post and you’ve decided you want to go after it. You have the right
