Purchasing Archives

14 Feb

Procurement

Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. This department manages the selection, acquisition, and

28 Jul

Procurement

Supplier Registration – Goals, Benefits & Challenges

The purchasing department purchases different types of goods and services. However, when you buy something, you may not always know all the suppliers that offer

04 Jun

Procurement

Why Use Purchase Orders (POs) in Your Bookkeeping?

Gather the accountants, leaders, department heads, store managers, and ask them which document plays the most significant role in the company. Sure, you’ll get different

03 Apr

Procurement, Systems & Software, Tools

5 Reasons why eAuctions Drive Better Savings

eAuctions are online real-time dynamic discussions between one purchasing organization and a group of pre-qualified vendors competing for the purchaser’s trade. Procurement specialists can use

06 Mar

Procurement

What is a Blanket Purchase Order and How it Works

Blanket Purchase Order Definition A blanket purchase order is a simple way for many buying and finance directors to streamline the procurement process and

07 Sep

Procurement, Supply Chain Management

Top 16 Procurement KPIs – The Ultimate Guide

Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways

08 May

Procurement

RFI Vs RFP Vs RFQ – What are The Key Differences?

Nowadays, enterprises seeking to switch immigration providers have more options than ever before, and often check a large number of traditional and hybrid models in

02 Apr

Procurement, Supply Chain Strategy

What is Indirect Procurement? – All You Need To Know

What is Indirect Procurement? I have discussed this topic briefly with Procurement Expert Richard Beaumont in this episode of The Supply Chain Show. In this

26 Jan

Procurement, Supply Chain Management

What is MRO? – All You Need to Know

What is MRO? or What is MRO supplies? or What does MRO stand for in manufacturing? Or what does MRO stand for in purchasing? In

26 Sep

Procurement

What is Total Cost of Ownership? 5 Considerations of TCO

Organizations usually face a challenge, determining what will be the contribution of the strategies to be implemented and how they will impact their results. In

Tag: Purchasing