Contract Management Best Practices: Everything You Need to Know
Contract management is the practice of managing contract formulation, implementation, and assessment in order to maximize an organization’s performance and…
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…