Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Fortunately, QuickBooks Online gives you a simple way to manage purchase orders, streamline approvals, and keep vendor relationships smooth. What is a purchase order?

Purchase orders 52

Purchase orders Purchasing Real-time Visibility Vendor relationships 52

Procurement Tactics

AUGUST 21, 2022

Purchasing Group — Everything You Should Know. You may have a hint of what purchasing group is due to its name. In this article, we will discuss what purchasing group is. We will check how it differs from purchasing organizations. Additionally, we will also examine the advantages of purchasing groups. . ENROLL NOW.

Purchasing 130

Purchasing Negotiation Networking Suppliers 130

Spend Matters

JANUARY 7, 2025

But cutting back on these costs never feels quite as urgent as purchases tied directly to revenue. Employees are bypassing approvals Rogue spending occurs when employees make purchases without following established approval chains or proper authorization. This leads to redundant purchases, budget overruns and a lack of accountability.

Procurement 117

Procurement Purchasing Vendor relationships Suppliers 117

SCMDOJO

JUNE 3, 2022

And that’s no other than a purchase order. It’s hard to ignore how important Purchase Orders (POs) are to growing retail businesses. But what exactly is a purchase order , and why do CPAs need one? We’ll also look into the many benefits you can get by using a purchase order system. What Is a Purchase Order?

Purchase orders 131

Purchase orders Purchasing Quantity Buyers 131

Procurement Templates

NOVEMBER 21, 2024

Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. Legal and Compliance Knowledge Actionable Steps: Learn Contract Law Basics: Understand key contract clauses like force majeure, indemnity, and termination rights. Coursera, Udemy).

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

ivalua

DECEMBER 7, 2022

Ivalua, a global leader in spend management , today announced that bol.com, the largest online retailer in the Netherlands and Belgium, has selected Ivalua’s solution to digitalize its indirect Source-to-Contract (S2C) processes. The project has been delivered in partnership with Accenture. Learn more at www.ivalua.com. Follow us at @Ivalua.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Contract Sourcing 130

Procurement Insights

FEBRUARY 18, 2025

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

Purchase orders 52

Purchase orders Collaboration Purchasing Suppliers 52

Procurement Insights

FEBRUARY 21, 2025

Example of a Metaprise in ProcureTech: A large enterprise connects multiple ERP systems, supplier networks, contract management tools, and risk assessment platforms into one AI-driven ecosystem that autonomously negotiates, optimizes spend, and ensures compliance. sourcing, supplier onboarding, contract approvals).

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Procurement Tactics

SEPTEMBER 8, 2022

Some referred to it as MRO purchasing which pertains to maintenance, repair, and operations due to its significance to keep the business running. . You may think that this is the same as tactical purchasing. However, it is not true due to the fact that tactical purchasing is focused on short-term transactional activity.

Procurement 226

Procurement Purchase orders Purchasing Strategic sourcing 226

Spend Matters

MARCH 25, 2025

Procurement features and capabilities Standardized contract templates that can be reused across multiple transactions. Purchase order management, allowing users to assign, update and track POs for AWS Marketplace transactions. Flexible pricing models, including pay-as-you-go, subscription-based and custom enterprise agreements.

Procurement solutions 96

Procurement solutions Procurement Purchase orders Data 96

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. It can also help you with contract management and compliance processes.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it?

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

SCMDOJO

MARCH 14, 2025

It emphasizes the need for fair competition among suppliers and aims to eliminate corrupt practices that have historically plagued government contracts. Additionally, this shift is indicative of a broader trend towards responsible purchasing, aligning government contracts with societal values and aspirations.

Procurement 90

Procurement Bidding Competitive bidding Contract 90

Spend Matters

FEBRUARY 13, 2025

For the third piece of tech, a contract management system, the Legal Department was a strong ally. It has completely changed our end-to-end enterprise contracting process. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company.

Influencing 103

Influencing Procurement supply chain budgeting Strategic sourcing 103

Procurement Tactics

FEBRUARY 19, 2023

Contract management ChatGPT can provide assistance to procurement professionals by assisting them in managing their contracts by providing information on the contract terms and conditions. It can also assist you in handling disputes with suppliers and answer your questions about contract renewals.

Procurement 287

Procurement Market analysis Contract Suppliers 287

Procurement Tactics

OCTOBER 18, 2022

You cannot get favorable contract terms for the goods and services you want to acquire if you do not have an amicable working relationship with your suppliers. . Having SRM software allows you to develop stronger supplier relationships and negotiate better contract terms with your suppliers. . Want to become a Negotiation Game Changer?

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Tactics

MARCH 26, 2023

Open tendering, also known as competitive bidding, is a process aimed to purchase goods or services at the lowest possible price. His/Her team solicits quotations from potential suppliers to award the contract for specified services or goods. Once evaluated, the organization will award the contract to the winning bidder.

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Procurement Software

MARCH 16, 2025

This makes it easier to track spending patterns, supplier performance, ESG data, and contract compliance. Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload. As a result of better data, procurement teams gain a whole range of benefits.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

ivalua

APRIL 6, 2020

Intermixed with the enormous human tragedy, business disruption, and economic impacts, we are seeing some rarely used and often overlooked contract clauses triggered to help organizations protect themselves and minimize losses. In these cases, the value of having a contract management process that has been completely digitized is evident.

Contract management 182

Contract management Contract Supply Chain Efficiency Logistics 182

ivalua

FEBRUARY 10, 2023

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.

Price 264

Price Strategy Sourcing Real-time Visibility 264

Spend Matters

MARCH 19, 2025

They are: BEST-OF-BREED Category Top Tech Score Customer Favorite Score AP Automation/I2P Tipalti Tipalti Contract Management Sirion Evisort Carbon Management SupplHi SupplHi eProcurement Promena Promena Sourcing Arkestro DeepStream Spend Analytics Sievo Ignite Procurement Supplier Management SupplHi SupplHi Intake & Orchestration Zip Pivot SUITES (..)

Eprocurement 84

Eprocurement Contract management Contract Sourcing 84

Spend Matters

FEBRUARY 26, 2025

During one breakout session, Gideon Davis (Administrator, Nevada State Purchasing Division of the Department of Administration), Anna Shpigel (Deputy Assistant Secretary, Massachusetts), and Rose Svitak (Manager, MMCAPs Knowledge and Financial Management Team) talked about the importance of aligning procurement and finance.

Procurement 116

Procurement Bidding Contract management Data 116

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Delivery and Logistics The status of goods and services purchased, such as their delivery timelines, transportation times, or receipt is monitored. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Supplier, contract, legal tax and policy compliance. Pain-Point: Purchasing compliance and collaboration.

e2e 204

e2e Procurement Budget Contract 204

Jaggaer

MARCH 20, 2025

Since many public institutions operate under performance-based funding models, changes in enrollment, graduation rates, or workforce outcomes could directly impact their budgets, forcing procurement teams to find cost savings and reassess long-term vendor contracts. Funding freezes and cuts are a second major cost pressure.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

ivalua

SEPTEMBER 28, 2020

The Purchase Order has been touted as the only way to manage ‘maverick’ spend (stopping off budget expenditure), but it’s also a way to automate invoice processing. Is there a budget and contract (the purchase order is a contract) for these items? Have we received all the items and what items are outstanding?

supply chain budgeting 237

supply chain budgeting Purchase orders Networking Buyers 237

SCMDOJO

DECEMBER 29, 2024

Key takeaways Importance of Procurement Procurement vs. Purchasing Key Functions Departmental Structure Role Descriptions The blog emphasizes the significance of a well-structured procurement department with qualified personnel to achieve organizational objectives. Read In Detail About Procurement Department Here 2.

Supply Chain Efficiency 95

Supply Chain Efficiency supply chain budgeting Supply Chain Optimization Supply chain 95

Spend Matters

DECEMBER 17, 2024

On the procurement side, the interest is in the Purchase Request coding for accounting and spend categorization. The main drivers of the ROI analysis are Spend Compliance (user and supplier compliance for value realization), Process Improvement, Price Reduction and Cash Management.

Procurement 107

Procurement Change management Strategic sourcing Strategic sourcing 107

ivalua

MARCH 16, 2020

Körber’s purchasing and supply chain management organisation is responsible for all procurement processes. The project to implement the cloud-based platform is led by OptiBuy, a consulting company specialising in procurement management and the implementation of IT solutions.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Procurement Templates

FEBRUARY 19, 2024

Catering Tender When responsible for the Catering Contract- what do you need to know? Cost Plus Contract- the client pays for all the operating cost such as food, labour and sundries. Fixed price contract- An annual cost of catering is agreed between parties at the commencement of the contract. All operating cost.

Contract 130

Contract Purchasing Price Suppliers 130

Spend Matters

MARCH 18, 2025

Data is refreshed every 6 months. To view these vendors by their market ranking (best fit for SME, Mid or Large buying organizations) as well as vendor demographics (including geographic reach, customer sample, top industries and pricing model), visit the freely accessible SolutionMap Insider app here.

Procurement 92

Procurement Sourcing Contract Risk 92

ProcurePort

JUNE 15, 2022

Procurement is a strategic process involving identifying, selecting, negotiating, and settling contracts with suppliers. Procurement aims to purchase the highest-quality products at […]. • The goal of procurement is to keep up with an organization’s emerging product and supply chain needs to meet the business’s end goals.

Quality 147

Quality Procurement Negotiation Contract 147

Jaggaer

FEBRUARY 20, 2025

The term refers to the entire journeyfrom finding suppliers and negotiating contracts to finalizing agreements and making the final payment for goods. Big data and digital technologies support the aggregation of purchases across business units to improve performance, provide better spend analysis, and drive business value.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Procurement Tactics

NOVEMBER 23, 2022

When you promise that your business processes are ethical, then you should walk the talk as customers are now wary of how their purchases can affect the environment and society. . The widespread neglect is linked to the practical challenges of purchasing goods and contracting services that align with CSR goals. .

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Insights

MARCH 25, 2025

PME is not only an opportunity to warm up the market but also ensuring that any issued RFP can be met, specifications and conditions are fit for purpose and the opportunity to add innovation into the procurement and Contract and Supplier management process.”

Real-time Visibility 60

Real-time Visibility e2e Suppliers Contract 60

Procurement Tactics

NOVEMBER 25, 2022

Still, the economy is expected to contract in the near future, and that can mean fewer business development opportunities and slower revenue growth. . But what about businesses that rely on government contracts? When the economy contracts, it becomes harder for people to find jobs. economy in 2022. . Decline in Employment.

Raw materials 195

Raw materials Bidding Contract Suppliers 195

Procurement Templates

NOVEMBER 13, 2022

These are the 7 important steps in the procurement process: Step 0: Defining the need Step 1: Request to purchase Step 2: Pre- sourcing Step 3: Procurement process. Step 4: Evaluation and contract. Step 5: Contract management. What are the 7 stages of procurement? Step 6: Invoice approvals and disputes.

Procurement 130

Procurement Contract management Contract Purchasing 130