It always becomes difficult when many people with different interests have to be brought together at one table. It is even more difficult when the participants do not know in which room and at what time the meeting should take place.
How do purchase requisitions actually get to the procurement department? A seemingly simple question that triggers complex discussions and challenges in many companies.
In this article, we will discuss one of the most important due diligence obligations of the Act - Section 5 “The Risk Analysis” - and its relevance for indirect procurement.
Suppliers are often the backbone of a company, and although supplier onboarding is a tedious process, it’s often crucial. However, most companies spend their energy on strategic suppliers and lack management of the non-strategic or tactical suppliers, including marketing, IT, and services.
Inflation has reached a 50-year high, causing concerns about its impact on businesses. Despite the post-pandemic recovery, supply chain challenges and bottlenecks have led to unprecedented inflation levels.
In the ever-evolving world of procurement, specialized tools that focus on the purchasing request and workflow process are gaining prominence. Unlike general eProcurement Suites, these tools offer tailored solutions that address the unique complexities of procurement.
In the ever-evolving landscape of modern business, the introduction of eProcurement suites has emerged as a strategic step towards enhancing procurement efficiency and effectiveness.
In the dynamic world of procurement, the management of approval workflows plays a central role. In this article, we delve into this essential process and compare how SAP ERP systems and e-procurement suites shape this area
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