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
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
We’ve all heard the positive things that a streamlined procurement process can do for a company—lower costs, increased efficiency and increased profits, to name a few—but there are consequences of having bad procurement.
September 28, 2015 Nick Boariu
Aman Mann, Co-Founder/CEO of Procurify, went on a podcast mania where he shared stories about the early days of startup life.
September 8, 2015 Nick Boariu
Not everyone likes change. Some people (and companies) like to keep things going the way they are, confident that if something isn’t broken it shouldn’t be fixed. The problem is that you may not realize something is broken until after you’ve tried a better way of doing things.
August 31, 2015 Nick Boariu
We’re big fans of lifelong learning and we’re constantly reading about ways to improve our performance or change our way of thinking.
July 30, 2015