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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The ‘lean’ approach, through which organizations identify and eliminate those activities that do not add value to the process from their customers’ perspective and hence dubbed ‘waste,’ is getting more and more takers as organizations have realized the benefits it has and the improvement in productivity it can bring. Lean does not just apply to
Online Procurement Software and Lean Procurement Read More »
E-procurement is emerging as the answer to all the procurement needs of an organization and as more organizations see its benefits, it is gaining increased adoption and deployment. However, there are a few myths doing the rounds that are making organizations apprehensive about online procurement. It’s time to bust a few of them now! Myth:
Debunking a Few Myths About Online Procurement Software Read More »
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 within an organization has to
E-procurement and Its Impact on the Bottom Line Read More »
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 function that has a direct
Procurement Management: Do You Have Clear Goals? Read More »
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 greater significance as an important
Procurement Management: Some Common Problems and Their Remedies Read More »
Software providers do a lot of ?keeping up with the Jones.? If their competition adds a feature, they do to. Then each trumpets its innovations as different (somehow) from all the others. This follow-the-leader mindset may keep a vendor in business, but it doesn’t? really do much for its clients: The ?innovations? are not based
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