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Step By Step Guide To Implement a Procurement Savings Program
Step By Step Guide To Implement a Procurement Savings Program
For time immemorial, Savings has been THE KPI against which the performance of a procurement organization has been judged. As businesses and industry sectors became more competitive, the role of Procurement evolved from a “PO Creator” to an active contributor to the bottom line of a company. Today, as the world moves to a more […]
Top 6 Risks in the Procurement Function
Top 6 Risks in the Procurement Function
It is a fact that risks exist everywhere and in every business decision, it is more so. While procuring goods and services Organizations must consider the risks attached at every stage. Managing risks from the very start of the process is important. Disruption of operations, poor quality, the safety of employees and neighborhood, the reputation […]
6 Major Drawbacks of Manual Procurement Process
6 Major Drawbacks of Manual Procurement Process
As the business environment becomes increasingly complicated and compliance requirements get stronger, it is important that businesses seriously think of stopping manual business processes to minimize risks. Procurement functions in any organization are big spenders of money. Nearly 60%, in some cases even more of the companies revenues are spent in acquiring goods and services […]
What is E-Procurement and Why is it Important to Your Business?
What is E-Procurement and Why is it Important to Your Business?
The manner we buy has appreciably changed in today’s technologically driven day and age. In today’s world, before making any B2B purchases research is carried out on approximately 12 online websites. Paperwork has actually become a very traditional method that is not used and corporations turn to technology to help fulfill purchase requests. The intention […]
E-procurement: Everything You Need to Know in 2021
E-procurement: Everything You Need to Know in 2021
Living in a virtual world, you’ve probably heard of E-procurement. E-procurement platforms enable corporations to automate commercial enterprise tactics and transactions through the use of internet technology. Progressed international connectivity and the adoption of technology have substantially multiplied the extent of the business performed through the net. E-procurement services are proven to grow productiveness and […]
10 Ways E-Procurement Can Help Grow Revenue
10 Ways E-Procurement Can Help Grow Revenue
To help boom your business using E-procurement now’s the time for business owners to start work on reimagining every aspect of the function. Procurement has remained an afterthought at most corporations whilst the topic shifts to developing sales. Effective procurement is a tactical intention for maximum corporations. It is a strategic characteristic aimed at enhancing […]

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