Procure to Pay: The Essential Steps You Need to Include
Procure-to-Pay: What is it? Purchasing from a business perspective is not as simple as just buying something outright, the process often involves multiple steps and approvals before a procurement order can be completed. This process is often referred to as Procure-to-Pay. Procure-to-Pay (P2P) is a subdivision of the procurement process and involves the procurement department…
Marketing
Indirect Procurement: How It Keeps Your Business Running
Look at your office desk. The papers, pens, computers, and even the cleaner who dusted it this morning technically fall under indirect procurement. Indirect Procurement is essential for the daily functioning and maintenance of a business as well as ensuring employees are provided with adequate equipment and training. Speaking metaphorically, If your business was alive,…
7 Things You Need To Know About Purchase Order
When you need a new set of labels for your product, what are the key documents needed? You will probably think of a ‘purchase order’. The term ‘purchase order’ is often heard when a transaction of good or service is being raised by the company. However, if you haven’t been involved in a business purchasing…
A Complete Guide To Procurement Processes In A Business
This guide covers the important steps behind the procurement process and the differences between traditional & digital procurement processes.
What You Need to Know About Procurement
Knowing the key concepts and steps behind the procurement process is essential for a proper implementation of the system.
Intern’s Logbook – “Ops not Oops!”
First Things First Internships are a big deal for university students, especially for me, a student of International Business Management. It would affect how I will see my future and step for a new role as a worker. I think it provides me with insights on how the real working circumstance is and more than…
MDEC ADOPTS SUPPLYCART AS A TECHNOLOGY SERVICE PROVIDER
The Malaysia Digital Economy Corporation (MDEC) has chosen Supplycart as one of its technology service providers (TSP), this means that Supplycart is now part of the RM500 million SME grant under the government’s budget 2020 plan. As a TSP, Supplycart fulfils one of the government’s key digitization areas with us offering procurement services via our…
Project Procurement Vs Category Management: Which One Is Right For You
Businesses are streamlining their operations through process and strategic optimisation to build long-lasting value. Over the last decade, attention has turned to the procurement department as companies strive to bring this process to its full potential. In this post, we’ll be looking at what project procurement and category management are and how each can support…
What Is Category Management, and Why Does It Matter?
Procurement, defined as the activities used to obtain goods and services, is an essential aspect of every business, and the most successful businesses start with excellently planned and well-structured procurement. Having a real-time spend and consumption analytics as part of planning ensures organisations do not miss out on decisive business opportunities. Careful planning of procurement…
How to improve your indirect spend management
Managing your indirect spend is not only pivotal for your company’s financial standing, but to also have the transparency of the company’s cash outflow and being able to mitigate potential risks that you might face. In assessing your strategies, you have to begin with having clarity between your indirect and direct spend as managing between…