What’s An E-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, […]
How to Streamline Your Procurement Process
Automating procurement is a simple way to boost procurement teams’ efficiency. It’s also a significant step toward transforming that role from technical operator to strategic driver. Modernising procurement procedures to take advantage of new technology is a difficult task, but teams can swiftly put together a cutting-edge solution with the right plan in place. Of […]
Source to Cash Process in Procurement: Essentials to Know
In today’s tech-driven market, with tremendous pressure from the competition, all businesses, small or large, need to use whatever trick they have up in their sleeves to boost profits and streamline their operation. However, for many, the challenge comes when they don’t have a basic understanding of different processes and techniques that can help improve […]
Top 5 Trends in eProcurement in 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 […]
What is Procurement eMarketplace? Why and how is it implemented?
Today, using an eMarketplace is a popular option for any legislative or business procurement. The advancement of data innovation is currently happening at such a rapid pace that the state and companies should note. Procurement eMarketplace entry permits users to get all critical data on one site, participate in digital exchanging, and quickly move or […]
5 Most Common Procurement Mistakes & Ways to Avoid Them
Common procurement mistakes can quickly escalate into procurement nightmares. Operating with an ineffective system will result in too many joint procurement and purchase issues. Fortunately, the most typical procurement mistakes have clear and simple fixes. We’ve listed five of those procurement mistakes in this article and shown you how to avoid them. Photo by Kenny […]
AI & Procurement Performance: The Connection
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. […]
Why Technology is Vital For Procurement?
Regardless of the size of the company, procurement is a critical component. The procurement process involves coordinating vendors, documents, and finances, among other things. The entire procedure may appear simple, but it is not. It’s a complicated procedure with plenty of opportunities for inefficiencies to arise. Technology and automation can make handling the purchase process […]
Things to Look for in eSourcing Software
Every competitive business in 2022 will need to cut costs. But, with the growing complexity of supply chains and procurement processes, businesses in the digital age struggle to maintain enough control over their sourcing strategy that can help them drive down costs. The arrival of esourcing software has changed the game. By finding and using […]
