A Complete Guide To Procurement Processes In A Business
This guide covers the important steps behind the procurement process and the differences between traditional & digital procurement processes.
Supplycart Admin
What You Need to Know About Procurement
Knowing the key concepts and steps behind the procurement process is essential for a proper implementation of the system.
Project Procurement Vs Category Management: Which One Is Right For You
Businesses are streamlining their operations through process and strategic optimisation to build long-lasting value. Over the last decade, attention has turned to the procurement department as companies strive to bring this process to its full potential. In this post, we’ll be looking at what project procurement and category management are and how each can support…
How to improve your indirect spend management
Managing your indirect spend is not only pivotal for your company’s financial standing, but to also have the transparency of the company’s cash outflow and being able to mitigate potential risks that you might face. In assessing your strategies, you have to begin with having clarity between your indirect and direct spend as managing between…
What are the Features You Need in Your e-Procurement Software
Regardless of the industry size, acquiring an e-Procurement platform that has all the features you need can be very challenging. With so many features to consider in choosing an e-Procurement software, it may feel tough for you and your organisation to make a decision without the proper research in place. This is why we have…
What to Look for in a Good e-Procurement System?
Over the years, digital technology has given mankind the power to conquer the impossible. It continues to solve man’s greatest challenges, making lives easier. In-fact several businesses thrive on these technological developments and many are gradually gravitating towards digital advancements for its advantages. Discoveries, inventions and innovations always began with a question or a problem…
Procurement Risks & Ways to Reduce Them
There might be a general conception in business that risk-taking gives you the chance of success. Perhaps, this is true as business and political leaders in heights of their success quote risk-taking in such positivity. For instance, Thomas Jefferson once said “ with great risk comes great reward”. In support, a research shows that risk-takers…
Purchasing Vs. Procurement: What Is The Difference?
Purchasing and procurement are two words that we often seen used interchangeably. This mostly occurs among non-professionals, where the word procurement is used instead of purchasing and vice versa. While the two might appear to share the same meaning, they have different functions. The inability to identify the differences between the terms may lead businesses…
How e-Procurement Platforms Enhance Supply Chain Management
In this day and age, companies are exploring various ways to optimise their supply chain management and actualise cost saving in the management process. One of the ways this is done is by incorporating e-Procurement solutions to ensure a seamless workflow. e-Procurement is software-based automation that automates procurement and user processes to allow for simplified…
Procurement Compliance: Control Spend & Increase Gains
In general, the term “compliance” is thought to be the overlooked devil that disables you from turning a blind eye over a pushy salesperson or forces you to do things, simply because they are on trend. However, in business, the term takes a rather serious tone as it is immediately associated with following rules and…