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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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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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Mapping Out the Best P2P Solution for Your Company
When was the last time your organization reevaluated the procure-to-pay (P2P) process? If it’s been a few years—or no one’s ever taken a strategic look at the whole process, then mapping out the best P2P solution for your company can […]
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How Can ERP Integration Help You Manage Purchasing and the Supply Chain?
As companies continue dealing with the business ramifications of the COVID-19 pandemic, supply chain management remains a key concern. Shipment delays, suppliers that can’t deliver, and other supply chain disruptions can have a significant, negative effect on a business. To […]
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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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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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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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