Change Management – How to Successfully Implement a Cloud System

Priscilla Ng

Dear Mr. Purchasing Manager,

February 27, 2017

Here’s What Happened To This Company  After Procurement Was Freed From Finance’s Control

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

Sourcing Agent vs Distributor: What’s The Difference?

Shruti Agrawal

Procurement, as a business operation, can be unpredictable — there are far too many variables involved, and not every part of the process can be monitored. Indeed, only in Procurement can expected outcomes fail to meet expectations. This is why procuring from low-cost markets can be even more risky. But,…

February 1, 2017

What Are Self Purchase Orders & Why They Are Bad For Business

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

What is Spend Culture?

Nitant

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

What’s the Difference Between RFQ and RFO?

Rudy Yuly

Anyone who has studied or worked in Procurement for any length of time would vouch for the fact that the industry suffers from a serious lack of clarity when it comes to its terminology. Often times, two terms may be used interchangeably even though there is a subtle but significant difference between the two. A case…

August 17, 2016

Procurement Must Target Right Supplier and Corporate Responsibility

Natasha Levanti

In today’s society, more pressure is placed on corporate responsibility than ever before, and therefore the importance of consumer opinion has become paramount to business success.

June 9, 2016

What’s the Difference Between Sourcing and Purchasing?

Sean Kolenko

Procurement is, without a doubt, an umbrella term. For those in the industry, procurement is tossed around as a placeholder, of sorts, that’s come to represent numerous functions in the procurement process.

June 7, 2016

Introducing the Request to Pay Methodology

Kevin O'Connell

What is the Request to Pay Methodology? The request to pay methodology is a proven method for organizations to manage their spending. It incorporates industry best practices with technology to ensure spending within organizations is on-time, on-budget, and on-track. It’s a simple framework that when paired with an online platform, like…

May 26, 2016

Stop Using Corporate Credit Cards – Start Using Purchase Orders Now!