Procurement management software will help a business take care of any risks associated with purchase as well as supplies. The procurement chain is usually subjected to many dangers that can result in heavy losses but you will be well protected with a software program. Since there are many programs in the market today, you […]
The National Association of State Procurement Officials, or NASPO, uses an infographic to showcase sole source procurement practices among the states. Sole source procurements are exemptions and waivers of competition where competition is not available or a reasonable alternative source does not exist. They also have a page on their site with helpful charts that […]
There are many practices that guide and control how purchasing is done in a business setup. Purchase orders are commonly used to make acquisition thus purchase order control is a mandatory undertaking for your company. Some companies are never transparent and accountable in the way they make orders for their purchases which is why […]
You should never downplay the important role played by contracts in a business. Your company will be engaging with suppliers on a regular basis and signing a contract is the only way for safeguarding interests of both parties from being violated. Modern technology has seen the advent of contract management software which makes the […]
Knowing the ends and outs of purchase order financing is an asset to almost any small or medium sized business owner. In the sections below you will learn just exactly what purchase order financing is, the benefits, drawbacks, who can benefit the most from it, and would be likely to qualify for it.
What is […]
The National Association of State Chief Information Officers (NASCIO) is a nonprofit association representing state chief information officers and information technology executives and managers from the states, territories, and the District of Columbia. Since their founding in 1969 NASCIO provides state CIOs and state members with products and services designed to support the challenging role […]
Many of you have probably heard the term “asset management” Before, but you may not have an idea of what it really is. Asset management is a broad term. It can be defined as a process that guides the gaining of assets, along with their use and disposal in order to make the most […]
A purchase order is an offer to buy a specified product in a specified quantity and at a specified price. Once accepted it becomes a contract between buyer and seller.
It is likely you buy raw materials, components or even contract labor on a regular basis. Too many small businesses handle these transactions with nothing […]
This infographic from Raconteur shows a compilation of data from various sources comparing the enterprise use of technology across Europe.
ProcureCon TV screens exclusive interviews with Europe’s leading procurement professionals. They go behind the scenes at major industry events to bring the very latest news, views and insight from the procurement sector.
Rick Hughes worked as the Chief Procurement Officer at Proctor & Gamble for over 30 years. He discusses the skills procurement officers need […]