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,…
Marketing
Purchase Order System: Choosing What’s Right For You
Why Your Choice Matters Trust. Trust can mean different things to different people, but ultimately trust is something that’s always needed when control is given over to someone else. As a business, who you trust has ramifications on the livelihoods of your employees and the customers that you serve. With such high stakes, it’s important…
Calvin
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…
Purchase Order Software: Why Automation Is the Way Forward
The Age Of Automation The progress of technology has been truly astounding, it was only 70 years ago that Christopher Strachey wrote the first Successful AI program, today we have self-driving cars and AI that’s used in everything from our Phones to our vacuum cleaners. From a business perspective, AI and automation have arguably been…
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.
Purchase Order Software: What’s Right For Your Business?
Purchase Order Software? There was once a time when paper was king, everything was written down and businesses lived and died based on their record keeping, one lost sheet and your whole process breaks down, one unnecessary duplication and your budget does not make sense anymore. But that was then, and this is now. What…
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.
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…