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5 Steps to Improve Procurement Visibility And Why You Need To Right Now
5 Steps to Improve Procurement Visibility (And Why You Need To Right Now) How is your company’s procurement visibility? If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain […]
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Finally Optimize Your Procurement Workflow Automation
Do you want to optimize your procurement process? The answer is obvious: yes! Every company can benefit from a more streamlined and efficient procurement process. This is especially true now that supply chains can be so unpredictable. Procurement is a […]
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Use BAP Software to Get CapEx Management and Procurement Working Together
Spend and cash flow management are always high on a CFO’s priority list. Because of the implications for finances, purchasing and expense management are typically also a high priority. Managing large-scale expenses typically takes center stage, but everyday expenses also […]
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Discover The Benefits of an End-To-End CapEx, Budgeting, and Payment System
There are a ton of business process automation (BPA) software solutions on the market. Search for “AP Automation Software,” and you’ll find hundreds of results. With so many options, how can you narrow down your choices if you want to […]
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To Receive or Not To Receive: Inventory Management and Three-Way Matching
Every company needs a way to handle procurement. Whether your company is a small business ordering printer paper and ink, a manufacturer relying on the purchase of materials and parts to do business, or a multi-national corporation handling everything from […]
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Spend Management During a Recession: Planning for the Possible Future
While economists debate the definition of “recession” and go back and forth on whether the U.S. economy is in recession, there’s no denying that rising inflation is taking its toll on individuals and businesses alike. At the end of April, […]
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7 Tips for Managing Inflation in the Procurement Department
Rising inflation is hitting businesses hard. In many cases, cutting back on purchasing isn’t an option. Manufacturing companies still require direct materials in order to manufacture products. Transportation companies still need packing supplies. Those in the healthcare industry still need […]
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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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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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This Is The Difference Between A Punch Out Catalog And An Item Catalog (Plus 5 Reasons Why You need Both)
Purchase order and procurement software promise big rewards. It’s supposed to make the entire procurement process easy while also giving you the tools you need to track purchases effectively. Unfortunately, companies find all too often that purchase order systems aren’t […]
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