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Sales Order vs. Purchase Order – 8 Key Differences

Procurement Tactics

A business expert or a procurement manager can know the difference between a sales order and a purchase order, but these two documents are the same for many others. That’s why for today, we will explore the differences between the sales order and purchase order and highlight some software commonly used to manage these orders.

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What is Purchase Price Variance (PPV) and How to Calculate it?

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Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

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Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software? Significance and Benefits of SRM Software.

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Blanket Purchase Order – Everything You Should Know

Procurement Tactics

For today’s article, we will discuss everything you need to know about the blanket purchase order, including what it is, its importance, how to create one, and when to use it. After this article, you will know the difference between regular and blanket purchase orders and how using this will benefit your organization.

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A More Reliable Path to Net Zero: Ivalua’s Latest Innovation Helps Reduce the Environmental Impact of Supply Chains

ivalua

Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.

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Global Supply Chain — Everything About Supply Chain

Procurement Tactics

First Name Email Download 51 Prompts →  Or receive our famous weekly newsletter Global Supply Chain — Everything About Supply Chain Global supply chain has become a popular way for businesses to source unique materials and products from other countries as they are unavailable domestically.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. How can you create a more efficient supply chain and gain a better understanding of overall performance?

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