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Procurement management software helps control procurement costs

Expense Management /

Supply chain visibility is of utmost importance to organizations looking to cut-down on procurement costs. A good supply chain management system saves companies millions in logistic and raw material costs. Savings in this category invariably impacts the overall revenue because supply chain forms the backbone of most enterprises. By ensuring optimum management of the supply […]

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CRM Software - SutiCRM

eProcurement software ensures savings in supply chain management

Expense Management, Spend Management /

Visibility is a prerequisite to enhancing supply chain agility and responsiveness. Inventory and land costs can be reduced considerably by improving visibility. End-to-end supply chain management requires much more than the basic track and trace mechanisms to handle complex networks. The solution must help identify best practices that ensure improvement in revenue and profit margins.

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CRM Software

Procurement Management Software: Track & Control Indirect Spending

Expense Management, Spend Management /

A firm looks to cut spending. They could start by downsizing. Clearly, manpower could be the first place they’d wish to target. Next in line presumably would be capital costs and infrastructure. This is visible expenditure that can be immediately attended to and reduced. What about costs incurred from all the back-end operations? Not just

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Best Practices in Procurement – Part Two

Expense Management, Spend Management /

Continuing from last week, here are some more best practices in procurement that you can implement at your workplace. A governing policy: Every organization has its own rules and regulations governing procurement. Some organizations frown at purchasing from anyone who has an adverse impact on the environment while some organizations do not like to procure

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Electronic Signature Software

Best Practices in Supplier Management

Expense Management, Spend Management /

Supplier relationship management is one of the most important mandates of the procurement function of any organization, part of which is implementing best practices in supplier management. In this post, we’ll see some of these. Suppler performance management: This is an important activity that is unfortunately not followed by too many firms around the world

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Benefits of Reverse Auctions for Buyers and Sellers – Part Two

Expense Management, Spend Management /

In the second part of this post, we’ll continue where we left off and see some more benefits of reverse auctions for buyers and sellers. Not constrained by location: Even though they would like to bid for a contract, many suppliers are often constrained by their locations. With reverse auctions conducted using online procurement software,

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procurement management software

Bargaining Power of Suppliers – What Does It Mean For Your Business?

Procurement Software /

Even though it impacts them the most, many procurement professionals are not formally aware of the concept of the bargaining power of suppliers and how it impacts their businesses. Part of the competitive analysis framework (Porter’s five forces analysis) put forth by Harvard professor Michael Porter, an analysis of the bargaining power of suppliers can

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CRM System

Automate Your Internal Procurement System

Expense Management, Spend Management /

Online procurement systems help you automate the procurement cycle of your organization. This article will tell you why you need to automate your internal procurement cycle and expound the benefits of deploying advantages. Internal online procurement system must be standardized Without an efficient procurement system, employees order as and when they need products without taking

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Electronic Signature Software

Why do you need Online Procurement Software?

Expense Management, Spend Management /

In this age of cloud computing, online procurement software can help run business procurement efficiently and effectively. Developing an effective procurement strategy has become very important for business. So to start off, understanding the term procurement is necessary. To understand the terminology in a simple way, it is the act of obtaining. In business procurement

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