Nick Boariu
You need to be able to track what you owe a supplier, what you’ve sold and what your customer owes you, especially in a large company that manages hundreds of different transactions a day.
May 5, 2016 Nick Boariu
Thanks to the development of more sophisticated software, almost all common (and embarrassing!) mistakes in the procurement process can be eliminated. But even the best software in the world can’t rectify poor decisions made by procurement agents and management that could adversely affect company performance. Thankfully, many of the problems…
April 28, 2016 Nick Boariu
Ask procurement managers how they track their purchases to gauge company performance and you’re likely to get a few different answers. Some will immediately mention the cost of purchases, while others may chime in with buzzwords like efficiency and effectiveness. The reality is there are many factors that must be…
April 24, 2016 Nick Boariu
Procurement agents need to know three things when they start working in this industry: where their desk is, what time lunch starts and what the heck accounts payable (AP) is. Regarding the first two items, you’re on your own. But the last point is one that bears repeating to everyone…
April 17, 2016 Nick Boariu
In 1969, people were shocked (but likely secretly bought) a how-to book called Everything You Always Wanted to Know About Sex* (*But Were Afraid to Ask). A topic much less taboo, but one that can still be intimidating, is purchasing. While procurement workers may have learned what they need to…
April 10, 2016 Nick Boariu
Whether you’re a small business or an international corporation, there are procurement laws that regulate how you do business and what goods and services you have access to. Some of those laws may not seem to directly affect you—but even if they don’t regulate how you do business, they affect…
March 10, 2016 Nick Boariu
Below is a summary of some great content from Iron Mountain on 5 AP Automation Myths debunked.
December 16, 2015 Nick Boariu
An ideal set of procurement best practices can lower labor and material costs to boost the well-being of any business, so companies should keep best practices in mind when developing strategies that will work in today’s competitive sector.
November 17, 2015 Nick Boariu
Whether you’re running a corner store or working for a major corporation, it’s incredibly important to be efficient (we know you know, but there’s always room for reminders). What does this mean? Well, in most businesses it means paying attention to a system of checks and balances, delegating responsibilities and…
November 12, 2015 Nick Boariu
Sometimes, a day arrives where you have to delete the billion dollar idea and start again. It did for us and this is that story. <The Code> It started more than a year ago. Our product was taking off, more clients were signing up and we were getting tons of…
October 13, 2015