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Procurement

How To Reduce Procurement Costs

As an organization moves through each phase of the procurement process, it is imperative to explore which costs are necessary and which could be optimized for greater savings.

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Procurement

Streamlining The Procurement Process

The procurement process is multifaceted, with many moving parts. As such, it can be challenging to streamline, which can create risks through each stage of the procurement cycle, from signing off on contracts to negotiating with vendors.

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Procurement

Why Preferred Vendor Lists Are Crucial

Sifting through suppliers can require substantial time and resources, though it can be easier through the use of a preferred vendor list.

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Procurement

An Introduction to Procurement Analytics

Procurement analytics describes the analysis of data that is analyzed and used to make meaningful insights and decisions that will impact a business’s financial health.

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Procurement

Procurement KPIs - What factors should businesses consider?

Procurement KPIs help managers make critical decisions and focus directives actionably to better obtain company goals.

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Procurement

9 Ways Tech Has Changed Procurement

Along with the need for procurement enhancements, technological solutions have emerged to provide businesses with the support they need for success in the procurement process.

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Procurement

Understanding the Procure-to-Pay Cycle

Through the development of an efficient and organized procure-to-pay process, business operations may undergo optimization.

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Procurement

6 Advantages of Effective Procurement Management

For those who look at internal development in terms of cost-benefit analysis, we’ve gone ahead and laid out six potential advantages to effective procurement management

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Procurement

Advantages of Procurement Planning Explained

Procurement planning is the portion of the overall procurement process that identifies a business’s requirements and timeframes.

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Procurement

5 Challenges Associated with Procurement

Procurement possesses several challenges and pitfalls for the unwary. That’s why we’ve gone ahead and outlined several of the challenges associated with procurement.

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Procurement

E-Procurement Made Simple - Everything You Need to Know

E-procurement refers to procurement by way of web-based platforms. These tools have resulted in overall time savings and streamlined processes.

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Procurement

How PayEm Addresses Risks Posed By P2P

As simple and straightforward as P2P may seem, its missing elements pose risks to companies that rely on procurement. Luckily, PayEm stands ready to mitigate said risks.

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Procurement

Procurement & Purchasing - Their Differences Explained

procurement and purchasing are distinct concepts with very different definitions. In fact, many businesses survive based on one or the other. That’s why it’s crucial for companies to understand the distinction.

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Procurement

Direct vs. Indirect Procurement - What’s the difference?

Direct procurement sources supplies in order to manufacture goods for the end-user, while indirect procurement keeps the company in business.

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Procurement

What is Vendor Management? Benefits, Challenges, and Practices

Vendor management is the process that enables businesses to build, monitor, and maintain positive relationships with their vendors

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