Vendor Management: Everything You Should know
Vendor management is defined as the process that businesses and organizations use to maintain their suppliers (vendors). The vendor management…
What Does Procurement Mean? What You Should Know
Procurement is the process of sourcing and obtaining the goods and services a business needs to fulfill its objectives. Procurement…
Contract Lifecycle Management: Everything You Need To Know
Contract lifecycle management refers to the proactive, methodical management of a contract from initiation through award, compliance, and renewal. Implementing…
Expense Management: Everything You Need to Know
Expense management refers to the systems that a business has deployed to process, pay, and audit employee-initiated expenses such as…
Group Purchasing Organization (GPO): What You Should Know
A GPO or Group Purchasing Organization, also called a co-op, purchasing group, consortium, collective, coalition, or leveraged procurement group, exists…