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What is E-Procurement? [Quick and Simple Explanation]

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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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Tuesday, March 21, 2017

Procurement KPI's

What are the main Key Performance Indicators in the procurement process? It is essential to define the qualitative and the quantitative factors that would be measured to determine whether or not the procurement process in an organization is on track and meeting its objectives. These factors are[...]
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Wednesday, February 8, 2017

The Low Cost Illusion: Don't Be Blinded By Misinformation

We are susceptible to illusions, even if we naively believe that a so-called rational mind makes us impervious to such deception. There are countless examples that illustrate the unpleasant consequences of being seduced by a low cost: that ridiculously cheap plane ticket means three long[...]
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Tuesday, January 17, 2017

Five Critical Steps To Lowering Costs Of Purchases

Procurement objectives can be simple or complex; it really just depends on an organization's structure and business type. That being said, a common objective always seems to touch on the concept of lowering costs. This is because, at the end of the day, managers want the same thing: to continue[...]
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Tuesday, December 27, 2016

What's Driving The Disconnect Between Procurement & Finance?

You're about to drive to a doctor's appointment but first you need to put gas in the car. Unfortunately, the only gas stations are located far outside the city. As a consequence of this, you barely manage to make it to the gas station. Later that evening you can't figure out why the attendant at[...]
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Wednesday, October 19, 2016

Is Your Purchasing Software Worthy of a Gold Medal?

As the Olympic Torch burns at the 2016 Games in Rio, thoughts have ignited with just as much fervor in the minds of CPOs. For a couple of weeks in August, agile bodies perform athletic feats that leave the rest of the population chugging litres of coconut water and balancing on Bosu balls in[...]
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