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What is P2P? And How to Make Your Business P2P Seamless and Efficient.
The process between procurement and payment is often complicated. It involves purchase orders, invoices, tracking, budgets, order modifications, payment, and so on. P2P stands for this whole “procure-to-pay” or “purchase-to-pay” process. P2P is the process a company goes through to […]
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7 Reasons Why Outsourcing Procurement Services is Exactly What Your Business Needs
If you’re in a product-based business, procurement is key to your success. It’d be tough to manufacture all your own parts and materials. In some cases, it might even be impossible. Either way, things run much more smoothly if you […]
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Here’s How Category Management Solutions Can Improve Procurement In Your Company
The procurement process can get pretty messy, especially as your organization grows. If your company has a lot of orders going through the procurement department, it’s very easy for things to get disorganized. One way to help combat this problem […]
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Which eProcurement Solution Is Right For My Company?
The majority of CPOs believe having a digital procurement solution is a good idea. Even so, most haven’t implemented eProcurement in their company. If your company is in this situation, you might have put off implementing eProcurement because it seems […]
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What Is The Difference Between Procurement, Purchasing, Sourcing, Purchase Orders, and Requisitions?
As you read about business purchasing and procurement, you’ll start to notice people using several different terms. Words like procurement, purchasing, and sourcing are often used interchangeably. The same goes for the paperwork involved, such as purchase orders and requisitions. […]
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Creating A Purchase Order System For Your Small Business
If you’re running a small business, purchase orders might seem like an unnecessary step that just adds to your paperwork load. Many small businesses don’t even use purchase orders, preferring to rely on invoices from the seller to document orders. […]
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Here’s What You Should Know About Sustainable Procurement in 2022
Sustainable business practices are a hot trend in today’s world. Social and environmental sustainability are near the top of many companies’ goals, particularly those companies located in nations that have pledged to reduce their carbon footprint and greenhouse gas emissions. […]
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How A Strategy from the Automotive Industry Can Help with Supply Chain Issues
Since 2020, businesses in every industry have had to contend with supply chain disruptions. It’s harder and harder to guarantee that your suppliers will be able to fill your orders. And if they can fill orders, there are often delays […]
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Here’s How CPOs and CFOs Can Digitize Procurement Strategically
As digitization becomes standard in the business world, companies that haven’t yet digitized procurement are likely considering the possibility. If you’re going to make that move, though, you want to make sure digitizing will be an improvement. Taking procurement digital […]
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How to Make Procurement Compliance Easy for Employees Using Automation Software
The goal of implementing automation technology in businesses is to empower human employees. Human-centric software design makes routine tasks faster and easier, reduces frustration, and frees up employee time to focus on the most rewarding parts of their jobs. One […]
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5 Ways that Purchasing Software Can Help the Transportation Industry
Today, integrating cloud-based solutions is one of the biggest current trends in the transportation industry. Business processing systems like the Software-as-a-Service solutions from NextProcess offer scalability, accessibility, and flexibility that empower transportation companies to improve essential business operations. One of […]
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The Retail Industry’s Guide to Using Automation to Improve Purchasing and Inventory Management
As someone working in the retail industry, you know the constantly changing nature of retail presents a wide range of challenges to keeping your business processes running smoothly. One of the biggest challenges to face retailers is keeping track of […]
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