Online procurement or e-procurement is a web-based procurement management system that accelerates and automates the procure-to-pay cycle. It is gaining wider adoption as organizations see the benefits of shorter procurement cycles, increased visibility into spending, and a streamlined procurement process. One of the most important goals of a procurement division
Launch a perfect survey to move from one-way conversation to two-way conversation with your customers. Customer is the king in business; the opinion of the customer is very powerful. It is important to know what they need before you launch a product and if they liked your product or not.
In Part 1 of this series last week, we showed you how you could take several measures to reduce your organization’s overall expenditure. Here are some more measures you can take to reduce your business expenses: Seek alliances/partnerships. B2B expenses take up a huge chunk of any budget. This is
For any organization, procurement is arguably the most important support function as it impacts almost all the major strategic functions. Almost every department is dependent on the procurement division procuring the necessary resources to carry out its day-to-day activities. This has made organizations look at procurement itself as a strategic
As the old adage goes, ‘A buck saved is a buck earned.’ For your business to turn a profit, it is as important to reduce expenditure as it is to increase income. Just as salespeople and marketers come up with newer and innovative ideas to sell your product, you have
We would like to kick things off and launch a free version to create and send surveys online for our existing and potential customers. You are going to love this! SutiSurvey is one of the best free online survey tools in the market that provides you with great visibility and
Gone are the days when procurement was just a division that dealt with ordering and procuring goods and services to satisfy internal business requirements. Organizations today are closely monitoring their procurement departments as they have realized their importance and the need for continuous improvement. As a result, procurement has gained
The current pain point confronting many small and mid-sized businesses is data distribution. Many documents are created daily and exchanged among various employees, sometimes resulting in the loss of documents, inadequate security and version control, and document duplication. Paper consumption, which just ends up as waste in vertical industries is
Most organizations operating in the healthcare industry in the United States are struggling with the implications that have emerged from the implementation of the new Physician Payment Sunshine Act. Every company has some kind of a system tracking their professional spend. Unfortunately, most of the current available systems are not in
Turning green is not just about being eco-friendly but being eco-friendly while encountering sales at some point. For any business owner or freelancer, keeping track of sales invoices and payments is a tedious task. Now say no to paper bills and get online invoicing that simply blows out all billing-related
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