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…
Procurement: Everything You Need to Know
Procurement is the process of obtaining goods and services from different vendors or suppliers for the smooth functioning of a…
Procurement Software 101: Benefits, Functions And More
Procurement software refers to a software application or set of applications that allow businesses to automate purchasing procedures, stock control,…
Spend Management Strategy: Everything You Need to Know
Spend management strategy is regarded as a method of accumulating, organizing, managing, classifying, and assessing spend information to decrease purchase…
Source To Pay: Everything you Need to Know
Source-to-pay (S2P) is a procedure that begins with locating, negotiating with, and contracting with a product provider and ends with…
Procurement Strategy Creation: Everything You Need to Know
A procurement strategy refers to the process of outlining a plan that will involve procuring the necessary goods to run…