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Traditional ERP vs SaaS Based Procurement

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Wednesday, June 27, 2018

Traditional ERP vs SaaS Based Procurement

SaaS vs ERP SaaS and ERP are acronyms that are commonly found together when comparing different ways to implement an ERP system - but standalone SaaS providers are becoming a popular way to overcome common disadvantages found in ERPs. Clearing up the confusion surrounding “SaaS vs ERP” is[...]
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Thursday, June 21, 2018

How to Streamline Purchasing and Accounts Payable - 5 Simple Tips!

Looking for a way to improve your accounts payable process?   An often overlooked trick for improving the accounts payable process is streamlining the process of purchase to pay (P2P) in the company. Managing accounts payable is only a single part of the full end to end process of P2P, so it[...]
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Monday, May 14, 2018

What Does Requisition Mean in Procurement? [Example]

Defining requisitions in procurement   What does 'requisition' mean? In procurement, a requisition is made when employees or departments from within a company require additional goods or services in order to maintain their business operations.
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Thursday, April 19, 2018

The 'No PO No Pay' Policy – Meaning and How to Implement It

The purchase order (commonly abbreviated as PO) is at the heart of every company’s procurement process. The no purchase order no pay, or 'no PO no pay' policy is designed to enhance the efficiency and purpose of the PO for both buyers and suppliers. Despite many sources raising concern over the[...]
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Tuesday, March 13, 2018

Purchase Orders vs Requisitions - What's the difference?

For someone new or unfamiliar to procurement and business ordering, the terms "purchase orders" and "requisitions" (also sometimes called "purchase requisitions" or "order requisitions") can come across as a bit confusing at first. They're both terms that can signify that goods or services need[...]
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Thursday, February 1, 2018

Good Budget vs Bad Budget

It's the enemy your business never knew it had. Considered a pillar of business best practice, how is it possible that the budget, the best friend of founding financial principles, could be working against your business? As an unseen foe, the budget acts silently and completely undetected,[...]
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Wednesday, July 5, 2017

Tradogram Receives The 2017 "Rising Star" and "Great User Experience" Awards from Finances Online

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Friday, May 26, 2017

Lean 6-Sigma Applied to Procurement

  The six-sigma methodology that was originally created by Motorola and made popular by GE, can undoubtedly be applied to sourcing and procurement processes. The real question is how and what to measure?
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Friday, April 21, 2017

Mitigate the risk of "Quality Variation" in 3 Steps

What is Quality Variation? Quality variation refers to all the recurrent and random changes in the quality of the purchased product or service over a period of time. It is the inconsistent increase and/or decline in quality. Say for instance, you go to a barbershop to get a haircut. There are[...]
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