Digital Procurement: Six Key Areas of Transformation
Organizations are adopting the latest and innovative ways to digitize their procurement processes and unlock new development opportunities. As purchasing...
online procurement system
Procurement Management Software: Track & Control Indirect Spending
A firm looks to cut spending. They could start by downsizing. Clearly, manpower could be the first place they’d wish...
Online Procurement & Economies of Scale
For medium and large scale industries, procuring materials has always been a large scale operation. When it comes to procuring...
Best Practices in Procurement – Part One
Today, procurement is an important strategic function that supports nearly all of the organization’s business operations and has an impact...
Best Practices in Supplier Management
Supplier relationship management is one of the most important mandates of the procurement function of any organization, part of which...
Benefits of Reverse Auctions for Buyers and Sellers – Part One
Reverse auction, the process by which an organization purchases its raw materials or supplies, is being adopted by more and...
Rooting Out Procurement Fraud – Part Two
In a previous post titled ‘What Hercules’ second labor teaches us about procurement fraud,’ we equated procurement fraud to Hydra,...
What Hercules’ Second Labor Teaches us about Procurement Fraud – Part One
Before we get into procurement fraud and what we can learn about it from the second labor of Hercules, let’s...
Bargaining Power of Suppliers – How Can It Be Reduced?
In the previous post titled ‘Bargaining Power of Suppliers – What Does It Mean for Your Business,’ we saw what...
