How to Transition from a Traditional Procurement Platform to a Cloud-Based One
We’re way past the old days when paper invoices and receipts got lost. The arrival of cloud-based technologies has started a new chapter in procurement and has changed businesses for the better. Today, companies can organize and manage their pricing, choose the most suitable suppliers, decrease manual transactions, and naturally lower error rates. Despite these […]
Procurement Management in the Age of E-Commerce
The growing role of technology in our world has dramatically expanded global connectivity and day-to-day commerce. In recent years, E-commerce has become such an established part of any business. Nowadays, a company can take advantage of cloud-based procurement management systems to easily communicate, place bids and fulfil purchase orders. However, the growing prevalence of cloud-based […]
How Can Efficient Cloud-Based Procurement Platforms Save Time & Money?
Since cloud-based procurement solutions are becoming prevalent, some businesses may be on the fence about utilizing them. In addition, companies with established infrastructures may not see the benefits of a cloud-based procurement system. Regardless of the depth and range of their operation, a cloud-based solution can help them cut down costs and save time in […]
How Does A Cloud-Based Procurement Management Software Work?
With the eventual extinction of manual procurement, cloud based procurement management software importance is becoming ever more evident. However, many chief procurement executives are hesitant to adopt these systems at first glance because they appear to be not very intuitive to work with. That, however, is an outright mistaken perception. The Basics of a Cloud […]
Data-Driven Procurement: What Is It and How Does It Work?
Every organization’s ultimate goal is to gain a bigger market share and achieve a healthier bottom line. Data is the goldmine of the 21st century and is the single most crucial free asset organizations possess in this age of never-ending market wars. Becoming a data-driven procurement organization means using internal and external supply chain data […]
What is a Cloud-Based Procurement Management System?
We are living in the midst of the most significant paradigm shift in human history. Technology is on the march, and it’s only a matter of time before it destroys the old and the obsolete. The old creaky legacy systems are at the end of their rope, and traditional procurement systems are no exceptions. Read […]
Cloud-Based Procurement Management System
Control is the final objective of adopting a Cloud-based procurement management system. Using Software as a Service (SAAS) allows procurement executives to exercise meticulous control over every aspect of the procurement process, from creating and processing demands to end receipts and approval payments. Operating an on-premise solution gives a company a sense of ownership and […]
A Recipe for Sourcing Success
The best recipes are those that are easy to follow and quick to make. Why? Because for most people, cooking isn’t worth it if they have to spend half the day in the kitchen with their heads stuck in complex recipe books. The same can be said of the digital sourcing process. Nobody likes a […]
Go for gold: World-beating digital sourcing
Each stage of the digital sourcing process requires efficiency, speed and smart decisions. Creating the perfect user journey is like a team navigating their way through a World Cup, and providers that can’t cut it will be knocked out by more powerful systems. Here’s how Penny would be victorious in each stage of the digital […]
