Procurement & Vendor Management

Introduction to strategic sourcing Strategic sourcing is a vital discipline for organizations where procurement meets innovation. It has the power to transform supply chains into strategic powerhouses. In...

Purchase Requisition and Purchase Order Are you confused about the concept of purchase requisition vs. purchase order? You're not alone. It's a common mix-up, but don't worry; we're...

Centralized and Decentralized Purchasing A decentralized purchasing model is a business model where the company does not have a centralized purchasing department. Instead, each business unit has its...

What is spend management?  “Balancing your money is the key to having enough.” ― Elizabeth Warren Amelia Warren Tyagin In the twenty-first century's capital-driven business world, every cent...