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How To Tell If You Need Procurement Automation Software
Have you ever found yourself thinking it’d be nice if the purchasing process in your company worked more smoothly? Maybe you’ve had trouble with misplaced paperwork, or invoices that don’t match purchase orders, or problems with purchases going over-budget. Whatever […]
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Here’s How To Add Value To Your Procurement Process By Making Procurement More Data-Driven
In recent years, data-driven procurement became a hot topic. As more and more business processes go digital, the importance of leveraging data in business processing becomes increasingly evident. Finance executives know that digitizing procurement and leveraging data more effectively is […]
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3 Questions To Find Out If Your Company Is Ready For The Transition To Digital Procurement
For many companies, digital procurement is a key part of their business model. And for companies that haven’t yet gone digital, it’s no longer a question of “if” they’ll follow suit, but “when.” The more important digital technology becomes in […]
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Understanding The Essential Role Data and Analytics Play In Procurement
There’s a wealth of important data flowing through procurement. The problem is, most procurement departments don’t have the tools to capture all this data, much less apply analytics and turn the data into something useful. Traditionally, procurement systems only gather […]
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3 Cornerstones That Will Help You Successfully Transition To Digital Procurement
Are you planning to digitize your procurement? According to research from the Center for Global Enterprise (CGE), you should be if you want to lower costs and increase revenue. The CGE’s research predicts that digitizing your company’s supply chain could […]
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Here’s How To Define and Solve Procurement Problems While Using Business Process Automation Software
If you’re having troubles with procurement, you have to define the problem before you can work toward a solution. Procurement issues can take many forms. In some cases the problems are obvious. In others, your procurement might work pretty well […]
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Lean vs. Agile: Understanding Supply Chain Management Strategies and Finding One That Works For Your Business
When we talk about supply chain management strategies, there are two key approaches to understand. Lean and agile supply chains are often pitted against each other as an either-or option. There are pros and cons to each, and you’re expected […]
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How To Set Up A Purchase Order System For Large Organizations
The larger an organization grows, the more important it becomes to keep track of purchasing. A poorly functioning purchase order (PO) system or, worse, no system at all will result in purchasing problems that cost your company money. And since […]
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10 Essential Tips For Improving Cash Flow In Your Company
Improving cash flow is a big help no matter what type of business you’re running, how long the company has been around, or what size of company it is. Every business faces the challenge of managing cash flowing in and […]
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Do You Need To Change The Way You Approach Cash Flow To Avoid Shipwrecking Your Company?
When you’re navigating the stream of cash flowing in and out of your business, it’s easy to run into problems. Cash flow issues plague companies of all sizes and eat away at the bottom line. But they’re not inevitable. And […]
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How To Avoid the Most Common Mistakes That Companies Make When Implementing New e-Procurement Software
Do you want a procurement solution that only half-works? Or that fails entirely after you’ve poured money into it? Of course not! But unfortunately, that’s what a large percentage of companies end up with when they try to implement an […]
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5 Painless Steps To Create An Effective Vendor Compliance Policy (And Why You Should Bother)
Maybe you’ve never thought about creating a vendor compliance policy. You place an order, the vendor delivers it. Pretty simple most of the time. You’ve got purchase orders to provide legal documentation if there’s a problem with the order and […]
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