Matt Lim
Better Visibility into Company Spending Businesses spend billions of dollars to figure out where they can save time or money. Companies will change store layouts, redesign their systems and even change the shade of ink on packaging to reduce costs. Even saving a fraction of a penny on packaging can…
September 30, 2013 Matt Lim
September 26, 2013
Kenneth Loi
What is the Difference Between Indirect and Direct Procurement? Procurement’s importance as a key business process has increased significantly in recent times. Originally, procurement was started as a means to integrate purchasing into supply chain management during a time when most large companies were struggling to manage their operational costs.
September 25, 2013 Kenneth Loi
Many organizations make the critical mistake of foregoing purchase orders because they perceive the paperwork to be a hassle that slows things down, or simply because they already have a working relationship with vendors.
September 23, 2013 Matt Lim
Throughout history, advances in technology have allowed people to pursue creativity expand their minds to develop even more technological advancements. As technology advances, so does productivity, increasing the capacity for future technological advances.
September 20, 2013 Matt Lim
Often times we hear about businesses that scam their way into the consumer wallet, or large corporations that engage in shady business practices to defraud clients. But internal fraud is starting to become prevalent in business as well.
September 12, 2013 Matt Lim
The Procurement Process relates to the buying process of businesses and usually refers to the purchasing of supplies or services. Many companies use ERP (Enterprise Resource Planning) systems to help manage the procurement process, manage budgets and track spending. The whole purpose of establishing a proper procurement process is to…
September 5, 2013