Across industries, procurement has become one of the most complex business functions, an enabler of operational efficiency and also a prime target for cost reduction
Digitalization in procurement is benefiting organizations—be it visibility, cost-effectiveness, scalability, or flexibility. However, with multiple systems and data points, extracting and analyzing that data for
Is cost-saving the only significant responsibility of procurement professionals? This is where the leadership and the peers can underestimate the value procurement professionals can add
Procurement is a critical strategic activity in businesses. With increasing market volatility, stricter regulations, and geopolitical conditions, procurement teams are vying hard to keep costs
Following the pandemic and economic volatility, businesses are focusing on spend management, extreme risk mitigation strategies, and supply chain management more than ever. In fact,
Thinking of transforming your vendor management process? Vendor management is not just about maintaining a database of your vendors or suppliers, it involves establishing a
Digital technologies are present in our everyday lives; so why not create more value and gain a competitive advantage by digitizing your procurement process? According
Relying on manual processes for the purchase requisition can be tricky and cumbersome. Using dated tools such as emails, excel sheets, or forms could lead
The procurement process of any business is vital in maintaining the supply chain but it may come with numerous challenges. As procurement professionals acquire quality
Businesses face a number of challenges with the procurement process. Be it needs identification, suppliers management, reconciliations, payment processing, or even economic factors, procurement managers
