Procurement & Vendor Management

What is spend analytics? Procurement is an integral part of any business. Unless you understand it well, you cannot hope...

Spend analysis “What gets measured gets managed”- Peter Drucker APQC’s Open Standards Benchmarking in procurement has found that organizations with...

Overview When you own a business, you need a procurement plan. This plan will outline the steps that need to...

Introduction to P2P Cycle Efficient procurement and seamless payment processes are essential for sustained growth and success in today's competitive...

Procurement process A well-designed procurement process is vital for any business looking to stay competitive in today's market. It can...

Introduction to Strategic procurement Strategic procurement as a concept has the potential to revolutionize the way your organization acquires goods...

Introduction to strategic sourcing Strategic sourcing is a vital discipline for organizations where procurement meets innovation. It has the power...

Purchase Requisition and Purchase Order Are you confused about the concept of purchase requisition vs. purchase order? You're not alone....

Centralized and Decentralized Purchasing A decentralized purchasing model is a business model where the company does not have a centralized...

What is spend management?  “Balancing your money is the key to having enough.” ― Elizabeth Warren Amelia Warren Tyagin In...