Procurement Tactics

JUNE 22, 2023

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.

Purchase orders 200

Purchase orders Purchasing supply chain software solutions Buyers 200

Procurement Express

MARCH 9, 2025

If you’re managing inventory for your own business or juggling multiple ecommerce accounts, keeping track of purchase orders and stock levels shouldnt feel like a full-time job. Throughout the year, they purchase an additional $10,000 worth of cookies. Thats where QuickBooks Online comes in. Lets dive in.

Purchasing 52

Purchasing Inventory Purchase orders Management 52

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 Express

DECEMBER 24, 2024

Purchase control is one of those things that feels small until its not. Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships. How much time is your team wasting on the purchase order process? Maximize cost savings.

Purchasing 40

Purchasing Purchase orders supply chain budgeting Budget 40

Fraxion

OCTOBER 30, 2024

In many organizations, purchasing goods and services can be a tangled web of emails, paper forms, spreadsheets, and approval bottlenecks. If your business is experiencing these challenges, it may be time to consider automating your purchase requisition process.

Purchasing 49

Purchasing Budget Risk Management 49

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

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

Spend Matters

JANUARY 8, 2025

Zip is therefore meant to be the place to initiate a purchase or vendor request through a flexible, configurable intake that requires no code to change and to support communication and approvals to ensure that the need is clearly understood and all sign-offs are obtained.

Market analysis 111

Market analysis Procurement team Sourcing Buyers 111

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

All Things Supply Chain

MAY 5, 2023

Apple sales fall but iPhone demand persists Apple sales have continued to fall, as the economy slows and buyers, squeezed by rising prices, put off purchases of computers and iPads.…

Supply chain 246

Supply chain Buyers Price Purchasing 246

All Things Supply Chain

APRIL 26, 2021

Most consumers realize that the products they purchase are the result of a global chain of suppliers and logistics. And while a global supply chain brings benefits in terms of…

Supply chain management 246

Supply chain management Supply chain management Supply chain Supply 246

Spend Matters

MARCH 25, 2025

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

Procurement solutions 94

Procurement solutions Procurement Purchase orders Data 94

Supply Chain Brain

DECEMBER 30, 2024

When evaluating a potential supply partner, it can be helpful to step back and consider the fundamentals of procurement and their importance to your business.

Purchasing 98

Purchasing Procurement Import Supply 98

ivalua

MAY 30, 2023

By ensuring that the right goods and services are purchased at the right price and delivered on time, procurement can help to ensure that a company or organization achieves its goals. With streamlined processes, purchasing products and services becomes faster, cheaper, and more efficient.

Eprocurement 49

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience 49

ProcurePort

MARCH 15, 2022

When successfully implemented, the company can gain through lower purchase prices, better relationships with suppliers, agility in logistics, […]. The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items.

Category management 246

Category management Management Procurement Logistics 246

ProcurePort

JULY 20, 2022

• Strategic sourcing in any organization means the development of a methodology of gathering and using the information in a manner that leverages the purchasing power of an organization to maximize value in procurement. What this means is that strategic sourcing needs to be well thought out. It needs to be in sync with […].

Strategic sourcing 241

Strategic sourcing Strategic sourcing Sourcing Import 241

ivalua

MARCH 18, 2021

The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility).

Strategic sourcing 246

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 246

Procurement Insights

FEBRUARY 21, 2025

Centralized Procurement Request System: Employees submit purchase requests through a unified intake tool , which then routes them to the correct procurement solution (e.g., Ensures Compliance & Spend Control: Enforces procurement rules and policies before purchases are made. sourcing, supplier onboarding, contract approvals).

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

Spend Matters

DECEMBER 23, 2024

How customers justify procuretech investment to stakeholders Cost savings and efficiency: Direct savings and operational efficiency metrics resonate strongly with financial stakeholders.

Procurement 120

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation 120

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

AUGUST 25, 2022

Omid Ghamami is one of the most globally recognized thought leaders in the field of purchasing and sales negotiations. Thereby making him the world’s most sought-after purchasing and supply chain management author, speaker, consultant, and trainer. He is known as “the secret weapon of fortune 500 chief purchasing officers”. .

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Procurement Express

MARCH 14, 2025

But keeping track of purchase orders, invoices, and spending can quickly become a headache, especially as your business grows. Instead, it integrates with third-party solutions that enhance your purchasing processes. In this post, we dive into the top purchasing software options. But heres the catch.

Real-time Visibility 52

Real-time Visibility Purchase orders Procurement Budget 52

Spend Matters

MARCH 10, 2025

By providing deep insights into purchasing patterns, supplier performance and areas for cost reduction, spend analytics can transform raw data into actionable intelligence. In today’s competitive business landscape, procurement departments face constant pressure to optimize costs while maintaining the quality of goods and services.

Buyers 114

Buyers Quality Purchasing Data 114

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? Enroll now!

Sustainability 201

Sustainability Procurement Negotiation Bidding 201

Procurement Tactics

NOVEMBER 27, 2022

We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. What is Green Purchasing? Additionally, green purchasing considers the circular economy. What is green purchasing? Many companies are now starting to implement green procurement in their operations.

Procurement 191

Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

APRIL 17, 2023

As sustainability is a growing focus in many industries around the world, many businesses are integrating it, especially consumers who are demanding to know where the products they purchase come from. As a result, it future-proofs the company’s sustainable purchases and investments by integrating sustainable policies.

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

ivalua

JANUARY 31, 2023

As products are purchased within an organization, category managers can precisely track the year-to-date carbon emission trajectory for their purchases. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Supply chain Innovation 246

Procurement Tactics

MAY 9, 2023

In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match. During the reconciliation process, discrepancies between the purchase order and invoice are identified. Tips on Reconciling the Invoice 1. Why is it important?

Purchase orders 182

Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Tactics

MAY 18, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Approvals — The Ultimate Guide Invoice approvals allow you to only pay for what you purchased, which helps you to avoid overpayment. Invoices without an associated request or purchase order.

Purchase orders 172

Purchase orders Purchasing Negotiation Procurement strategies 172

Procurement Tactics

MAY 21, 2023

Thus, you will be able to know the total cost of acquiring an asset and make informed decisions about your purchases. The actual cost will depend on various factors such as the purchase price, financing costs, taxes, and other expenses. Land acquisition Land acquisition refers to when a company purchases land or building.

Negotiation 174

Negotiation Purchasing supply chain budgeting Procurement strategies 174

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

FEBRUARY 18, 2025

More concretely, Xavier Olivera , Spend Matters Lead Analyst for Downstream Procurement, once explained that since entering the permacrisis environment of the post-pandemic world, the balance of power in purchasing has shifted : Traditionally, the buyer held the purchasing power. They could squeeze a suppliers profits.

Procurement 83

Procurement Purchasing Suppliers Procurement team 83

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. Open Tenders As we said earlier, open tender is a common type of tender that aims to purchase goods or services at the lowest possible price. So without further ado, let us now start!

Bidding 197

Bidding Suppliers Competitive bidding Price 197

Spend Matters

SEPTEMBER 4, 2024

BlueBean’s unique ‘request-to-pay’ solution removes the need for supplier portals, purchase orders, invoices and expense claims. It integrates automated accounting and virtual card payments for procurement and expense management, offering a solution that aims to simplify financial controls.

Purchase orders 122

Purchase orders Procurement Market analysis Purchasing 122

Procurement Software

MARCH 16, 2025

Dealing with all of these contracts, sourcing events and purchase requests simultaneously, without a digital solution, results in email overload. For example, supplier onboarding workflows can automatically validate information, while purchase order systems integrate with finance tools for seamless reconciliation.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52