reduce costs

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…

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…

Purchasing Vs. Procurement: What Is The Difference?

Purchasing Vs. Procurement: What Is The Difference?

Purchasing and procurement are two words that we often seen used interchangeably. This mostly occurs among non-professionals, where the word procurement is used instead of purchasing and vice versa. While the two might appear to share the same meaning, they have different functions.  The inability to identify the differences between the terms may lead businesses…

How e-Procurement Platforms Enhance Supply Chain Management

How e-Procurement Platforms Enhance Supply Chain Management

In this day and age, companies are exploring various ways to optimise their supply chain management and actualise cost saving in the management process. One of the ways this is done is by incorporating e-Procurement solutions to ensure a seamless workflow.  e-Procurement is software-based automation that automates procurement and user processes to allow for simplified…

Managing Suppliers and Availing Cost Reductions

Managing Suppliers and Availing Cost Reductions

An ultimate goal for any business is to make profits that can contribute to the company’s probability of enlarging its scale and impact. To achieve this by delivering its products or services, a business involves an interplay of several parties that are part of its supply chain. The suppliers are one such party of importance….