Purchasing & Procurement: Top 5 Cost-Effective Tips

cost effective procurement

Handling procurement for different levels of a company may be complex, especially when you’re dealing with variable budgets and varying requests across the board. To help you keep on top of prices, we’ve compiled a list of our top 5 cost-effective tips on purchasing and procurement right here in this article. Photo by Amy Hirschi […]

Importance Of Procurement Strategies For Aviation Industry

importance of procurement strategy

In a dynamic and turbulent world and a time when global market competitiveness is expanding, an effective procurement process for enterprises in the aerospace industry is becoming more vital as well as difficult to attain. The sheer complexity of many global supply networks and the tendency to outsource to other countries expose supply chains as […]

Common Mistakes In E-Tendering & How To Avoid Them

Common Mistakes In E-Tendering & How To Avoid Them

In today’s competitive market, many companies have no choice but to speed up their operations with automation. That’s why e-tendering solutions have been on the rise. There are, nevertheless, several common mistakes in e-tendering that bidders should be aware of and avoid. Some of these may appear trivial and insignificant, however, they could prove decisive […]

What’s An E-Procurement Service Provider?

procurement service provider

Most procurement teams are currently fighting to keep up with rising market volatility and maintain a competitive advantage. However, the majority of businesses are still utilizing older, legacy ERP systems, which are falling behind the competition. On the other hand, e-procurement service providers on the market help companies across various industries meet their policy requirements, […]

Top 5 Trends in eProcurement in 2022

eProcurement trends 2022

The last few years have been difficult for everyone, including those in the procurement industry. Despite dealing with a wide range of unexpected problems, such as remote working demands, everyone is beginning to find their way back and recover from the crisis caused by COVID-19. So, what procurement trends are we likely to see in […]

AI & Procurement Performance: The Connection

AI & Procurement Performance

Artificial intelligence is a proper performance driver that is already being employed in a variety of businesses and industries, but it still has a lot of room for growth. As we move forward, the potential for AI technologies is becoming clearer in procurement, and it is affecting every cycle from information processing to service quality. […]

Data & Analytics, Cores of a Cloud-Based Procurement System

Procurement software

Procurement departments can access, manage, and sort through a wealth of essential data in their day-to-day operations. Still, not many can capture all this information, let alone make it into something meaningful. Unlike traditional procurement systems, data is a key to survival in the modern market. Today, businesses utilize a data-driven procurement system to solve […]

Comparing Cloud-Based Procurement Management Systems & Selecting the Best

Procurement software

For businesses of all sizes and industries, it’s a tough and time-consuming process to select an efficient cloud-based procurement system. Similar to crossing a minefield, a tiny misstep can translate into a crisis like revenue loss, customer attrition, and legal entanglements. There are a wide range of solutions and techs, each with unique deployment, customizability, scalability, […]

Efficient Cloud-Based Procurement Platform

efficient cloud based procurement

With the incredible pace of advancements in today’s market, businesses have no choice but to incorporate automated solutions into multiple areas of their operation. One of these areas is procurement management, which involves evaluating, selecting, and managing contracts and supplier relationships. While some businesses have embraced a cloud-based solution to their procurement management problem, others […]