Procurement is a complex process that involves many different steps, from identifying a need to receiving the goods or services. One of the most important steps in the procurement process is requisitioning. Requisitioning is the process of requesting goods or services from a supplier.
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The cost of SaaS (software as a service) versus on premise costs in 2023?
Depending on the services needed, many businesses will need to make a decision between paying for Saas based software or investing in an on-premise solution.
Why you should implement best-of-breed rather than relying on your ERP
Why you should implement best-of-breed rather than relying on your ERP
Keyword: Why you should implement best-of-breed rather than relying on your ERP
Meta: Best-of-breed solutions are designed to help businesses streamline operations, optimise supply chains, and reduce waste, making them a more focused and effective choice than ERP systems.
5 most important procurement KPI’s for 2023
Procurement Key Performance Indicators (KPIs) are metrics used to measure the performance and effectiveness of an organization’s activities. Metrics can include cost savings, spending, and supplier performance.
What is tail spend analysis and how to manage it in 5 steps
Any strike has the potential to cause disruptions and delays in the transportation of goods, and derail production and distribution. This can lead to increased lead times for shipments and difficulties in maintaining adequate service levels.
Impact of recent strikes on the supply chain network
Any strike has the potential to cause disruptions and delays in the transportation of goods, and derail production and distribution. This can lead to increased lead times for shipments and difficulties in maintaining adequate service levels.
How rising inflation costs are impacting the supply chain
Burgeoning inflation costs have put pressure on many businesses throughout the world and with no end in sight, it has left supply chains faced with mounting pressure. Reducing the negative impact on service and maintaining the throughput of products while struggling to keep costs down has created substantial disruption to networks across the globe.
The importance of accurate, real time procurement analytics
Procurement of goods and supplies whether handled directly or indirectly all follow specific steps to evaluate demand, purchase necessary items or services, and manage orders from start to finish.
Rising energy costs and their impact on the supply chain
Rising energy costs and their impact on the supply chain Supply chains and their operators across the world are being faced with an unprecedented number of challenges when faced with the issue of keeping goods moving. Events like the recent pandemic, Brexit, and unexpected changes in the cost of raw materials have left many companies […]
5 benefits of using Blockchain technologies in your Procure-to-Pay Processes
5 benefits of using Blockchain technologies in your Procure-to-Pay Process By now, most people have heard of cryptocurrency, digital or virtual currencies which include coins like Bitcoin, Ethereum, and smaller Alt-coins. Cryptocurrency fast became an investor favourite (maybe not so much recently!) and has increasingly been adopted in business and the mainstream market. Many of […]