Use Your Procurement Analytics To Your Advantage: Everything You Need to Know
Procurement analytics is the method through which companies collect, extract, audit, and evaluate the data obtained from the procurement process…
What Does Procurement Compliance Mean?: Everything You Need To Know
Procurement compliance refers to the percentage of purchases that are contracted and approved based on a set of rules. Compliance…
E-procurement: What Are The Benefits Of E-procurement?
E-procurement refers to acquisition and sale of supplies, work, and services between businesses, consumers, and government agencies through e-platform. It relies…
Business Spend Management: How It Benefits Businesses?
Spend management is the tried-and-true process of ultimately managing all supply chains and corporate procurement to identify and maximize all…
Procurement Solutions: Everything You Should Know
Procurement solutions are internet-based tools and strategies to help companies smoothen their procurement process. Their main goal is to improve…
Strategic Sourcing: What Is It And How It Works?
Strategic sourcing is an efficient method through which the collected data can be analyzed to derive market research, negotiation, contracting,…
Procurement Vs. Purchasing: Everything You Need To Know
Procurement vs. purchasing is a common comparison, given how the two terms are used interchangeably. They are similar, but they…
Supply Chain Procurement: Everything You Need to Know
In a supply chain, procurement is the process where companies strive to get the resources needed for their operations. Generally,…
Indirect Procurement: What You Need To Know?
Indirect procurement refers to the process of identifying, shortlisting, and acquiring goods and services that do not generate revenues for…
The Procurement Process: Everything You Need To Know
The procurement process is a set of actions that a business determines and implements to source and receive products and…