Jessica Chang
Auditing is a process of reviewing an organization’s financial records to decide if they are accurate and align with regulations, state laws, and accounting standards. They are done usually by third-party auditors that are CPA(certified public accountants) or by an auditing firm. There are both internal auditors and external auditors.
May 30, 2018
Dani Hao
A key stakeholder in any successful business is the vendors they work with, which takes a lot of care and consideration to make sure that the company is maximizing the value they are getting out of the relationship with the vendor.
February 13, 2018 Dani Hao
We have written many articles on purchase orders, but one key term that causes confusion and mixup is purchase requisitions. This article will highlight the differences between purchase requisitions and purchase orders, and why purchase requisitions are imperative in your organization.
January 30, 2018
Priscilla Ng
Dear Mr. Purchasing Manager,
February 27, 2017
Ibrahim El Chami
The idea of frugal innovation ties to a philosophy pushing people to think inside the box. Not outside the box. “But how will I innovate?” you might ask. These schools of thought steer away from relating capital investment directly to innovation. They reinforce that you don’t need to be a ‘creative’ mind to achieve true innovation.
February 27, 2017
Jon Burgess
Why do businesses fail?
This is the single most important question any entrepreneur should ask and know the answer to. However, the fact that 80% of new businesses fail within 18 months of starting* is a clear indicator that most business people do not know the so-called secret to success.
February 27, 2017
Martin J Venter
We are all too aware of how Procurement teams have always had to yield to Finance’s whims. This has, for too long, been the Chief Procurement Officer’s (and not to mention the Purchasing Manager’s) biggest grievance. And it’s a grievance that has never quite been addressed. About thirteen years ago,…
February 22, 2017
Rudy Yuly
What is a Purchase Order? (If you are already familiar with Purchase Orders, skip to What is a Self Purchase Order below— either way, it would be useful to read about Purchase Orders first)
December 7, 2016
Nitant Narang
Companies, across the board, are not immune to uncontrolled spending and don’t know how to deal with it — across industries, CFOs and CPOs are being let go after financial reports throw up surprises at the end of the quarter.
September 19, 2016 Rudy Yuly
If you happened to be trick-or-treating on Halloween way back in 1999, it’s likely your bag of treats came up short. Halloween 1999 still carries a bitter taste at Hershey — it had paid $112 million to install a complex combination of ERP systems and, as it happened, it failed to ship $100 million…
September 12, 2016