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Why accoun­tants should care about “bor­ing” pur­chase order Accoun­tants and con­trollers, you and your depart­ments are always in a con­stant grind, I’ve been there. Whether it involve cut­ting cheques, post­ing gen­eral jour­nal entries, pro­cess­ing invoices and pur­chase orders, prep­ping pay­roll or … Con­tinue read­ing

Inter­na­tional pur­chas­ing offices (IPO) are an inter­est­ing field of busi­ness man­age­ment that is start­ing to grow in impor­tance. As sup­ply chains are grow­ing larger and mar­kets con­tinue to glob­al­ize, sup­ply chain man­age­ment must con­sider how to out­source pro­cure­ment processes. The … Con­tinue read­ing

Push­ing for an Auto­mated Pur­chas­ing Process An organization’s pur­chas­ing process is intended to facil­i­tate the offi­cial pro­cure­ment of goods and ser­vices. Most com­pa­nies spend count­less labour hours just man­ag­ing pur­chas­ing and will end up leak­ing a lot of unnec­es­sary prof­its … Con­tinue read­ing

An effi­cient sup­ply chain is crit­i­cal to a busi­ness, but it takes con­stant work and re-evaluation of processes to ensure sup­ply chain opti­miza­tion It is nearly impos­si­ble to quan­tify the impor­tance of an effi­cient sup­ply chain to company’s bot­tom line. … Con­tinue read­ing

Pro­cure­Cast: Tran­script for Agile and Lean Sup­ply Chain Man­age­ment Agile and Lean Sup­ply Chain Man­age­ment Today we’re going to talk about agile and lean sup­ply chain man­age­ment and when you should use them. Let’s talk about some def­i­n­i­tions. Sim­ply put, lean … Con­tinue read­ing

Balchen on the Strate­gic Impor­tance of Scan­di­navia (Photo credit: San Diego Air & Space Museum Archives) Strate­gic Sourc­ing Objec­tives Strate­gic sourc­ing is an impor­tant field of sup­ply chain man­age­ment for a few good rea­sons. To start with, strate­gic sourc­ing is a … Con­tinue read­ing

We caught up with Ryan Laza­nis, founder of Xen Account­ing, recently to talk about the power of cloud account­ing tech­nol­ogy and its role in the often-dated account­ing space. Here’s what he had to say. Q) First things first – can you … Con­tinue read­ing

Pro­cure­Cast: Tran­script Indi­rect Spend­ing: Cre­at­ing and Sus­tain­ing Supe­rior Per­for­mance Today we’re gonna talk about indi­rect spend­ing. A crit­i­cal piece to really get­ting indi­rect spend­ing is under­stand­ing the value chain. The value chain is a the­ory cre­ated by Michael Porter in his … Con­tinue read­ing

How can stock-outs affect your bot­tom line? To begin with stock-outs will cre­ate a loss of rev­enue and dete­ri­o­ra­tion in brand image. When it comes to gro­ceries, stock-outs can be an advan­tage for com­peti­tors. Why is this effect stronger for gro­cery … Con­tinue read­ing

The Procurify Press: April 2014 Edition

Procurify

Procurify's Official blog. Here you'll find posts about Procurement, technology and cloud software. If you haven't already, check out our Cloud Procurement Solution for businesses.

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