procurement

7 Things You Need To Know About Purchase Order

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

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

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

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

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?

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

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…

What are the Features You Need in Your e-Procurement Software

What are the Features You Need in Your e-Procurement Software

Regardless of the industry size, acquiring an e-Procurement platform that has all the features you need can be very challenging. With so many features to consider in choosing an e-Procurement software,  it may feel tough for you and your organisation to make a decision without the proper research in place. This is why we have…

What to Look for in a Good e-Procurement System?

What to Look for in a Good e-Procurement System?

Over the years, digital technology has given mankind the power to conquer the impossible. It continues to solve man’s greatest challenges, making lives easier. In-fact several businesses thrive on these technological developments and many are gradually gravitating towards digital advancements for its advantages. Discoveries, inventions and innovations always began with a question or a problem…

Procurement Risks & Ways to Reduce Them

Procurement Risks & Ways to Reduce Them

There might be a general conception in business that risk-taking gives you the chance of success. Perhaps, this is true as business and political leaders in heights of their success quote risk-taking in such positivity. For instance, Thomas Jefferson once said “ with great risk comes great reward”.  In support, a research shows that risk-takers…

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