Procurement & Vendor Management

Modern businesses rely on external vendors for various services and products. Their services are crucial to an organization’s day-to-day operation, making them pivotal in any company’s success.  A...

Source-to-pay (S2P) Strategic procurement catalyzes business growth by sourcing high-quality raw materials from reliable suppliers.  Finding these suppliers, negotiating agreements, sending contracts, and paying them can be overwhelming...

Purchase order (PO) A smooth purchase order (PO) process is crucial for accounts payable process efficiency. The real challenge is managing purchase orders manually. Organizations using spreadsheets to...

Purchase Order A purchase order is a tedious and time-consuming process in most businesses. Many people find it frustrating as it can cripple businesses. Businesses' most common mistake...

What is spend analytics? Procurement is an integral part of any business. Unless you understand it well, you cannot hope to improve it; this is where spend analytics...

Spend analysis “What gets measured gets managed”- Peter Drucker APQC’s Open Standards Benchmarking in procurement has found that organizations with spend analysis programs/systems performed better than the rest...

Overview When you own a business, you need a procurement plan. This plan will outline the steps that need to be taken to procure the necessary goods and...

Introduction to P2P Cycle Efficient procurement and seamless payment processes are essential for sustained growth and success in today's competitive business world. This is where the procure-to-pay (P2P)...

Procurement process A well-designed procurement process is vital for any business looking to stay competitive in today's market. It can help reduce costs, improve efficiency, and enhance supplier...

Introduction to Strategic procurement Strategic procurement as a concept has the potential to revolutionize the way your organization acquires goods and services. In the ever-competitive world of business,...