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

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Tuesday, September 13, 2016

5 Unexpected Ways Your Job Will Change With Procurement Software

Let's be honest. All it takes is a quick Google search about the benefits of procurement software and you'll never need to go hunting for these advantages again. This is mainly due to the fact that the same benefits keep appearing, repeated again and again, ad nauseam. You probably already know[...]
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Wednesday, August 24, 2016

Does the Status Quo Need To Leave Procurement Alone?

Here's a situation: you willingly line-up inside a large, official-looking building. You'll soon be methodically placing your personal items in a bin and taking off your shoes, belt, and other accessories. You're not shocked to see fellow line members being touched, repeatedly, by grumpy-faced[...]
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Thursday, July 14, 2016

The Power of Automated Spend Analytics in Procurement

The intersection of technology and finance is becoming increasingly packed with people, and they're not all accountants, data analysts, and IT-savvy Wall Street brokers. With the advent of virtual wallets, central banks breaking into blockchain technology, paper-free deposit systems at major[...]
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Monday, July 4, 2016

The Top 6 Warnings Signs of Unethical Suppliers

  "Dearest Wolf Fur Coat SuppliesTM, what high prices you have!""All the better to deliver you a quality product, my sweet CPO." "But My Dear WFCS, what a lack of documentation you have!""All the better to draft a customized contract just for you, my lil' darling." "BUT WFCS, look at how you've[...]
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Wednesday, June 22, 2016

The Nature of Procurement: Variations in Buyer Requirements

It's easy to consider procurement as a function that remains relatively unchanged from company to company. You could assemble a ragtag sampling of CPOs from a variety of industries and expect to hear the same stories about requisitions gone awry, supplier innovation (or lack thereof), and the[...]
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Wednesday, June 15, 2016

5 Traps To Avoid In The Battle For Optimal Procurement

The procurement process can occasionally feel like a stroll through a field of landmines. It's possible to get from Point A to Point B in one piece, but without adequate planning it's far more likely that the result will be a bloody mess and lost limbs (of the business, of course).
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Wednesday, May 25, 2016

5 Criteria For Determining Good Suppliers: The High Achievers of Purchasing

Before we begin reviewing the attributes of good suppliers, let's fly high with fighter jets.
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Wednesday, May 18, 2016

What's on The Menu? The Difference Between Procurement & Purchasing

You've been operating a Mexican restaurant for just under a year, and the chalupas and taquitos are quickly gaining local fame. After a considerable amount of research, you've established the ideal system for purchasing avocados, the primary ingredient in every menu item (your restaurant has a[...]
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Thursday, May 5, 2016

Can Your Company Build Its Own Purchasing Power?

If power is considered to be the ability to produce an intended effect, then the concept may be limited to Marvel Superheroes. Thankfully, this blog will broaden the definition of power to include your procurement department, but only after you follow these 5 simple steps for building purchasing[...]
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