Know the Difference: Supply Chain vs. Value Chain
Everyone in business should learn the difference between a supply chain and a value chain. The concepts are related but here is the key difference,
Tag: SimplyPurchasing
Improving the Sustainability of Procurement Practices
Sustainability is one of the most critical players in driving the efforts to reverse climate change – the biggest threat to life in the 21st
A Quick Guide to Reducing Supply Chain Costs
For a business to grow, it must do more than just raise its profits. Thus, it continues to advance and stands out from the crowd.
What You Need to Know About Purchasing and Procurement
The act of occupying or obtaining something is known as procurement. And small businesses, there is often a means of exchange of goods. When one
How Purchase Order Approval Software Can Help You Avoid PO Errors
Supply chain management is a complex task. It would help if you took many risks to ensure the smooth flow of supplies. Procurement teams often
Getting Started with Spend Management Software – A Quick Guide to Best Practices
Many companies have found that spend management has been a game-changer in streamlining their operations. For example, it streamlines procurement procedures and improves product catalogs.
Best Tips to Improve Supplier Relationship Management
Companies heavily rely on the network of suppliers to efficiently meet customer demands and for procurement quality. In fact, an enterprise can’t drive a competitive
An In-Depth Guide to Procurement Savings and Procurement Software Use
Profit maximization is only one aspect of running a firm. A successful entrepreneur or businessman also pays close attention to the savings column. Both profits
The Benefits of Using E-Procurement Systems
Supply chain disruptions cause millions to business entities every year. Therefore, resilient procurement strategies are essential for growing organizations, particularly for small and medium-sized businesses.
Learn the Difference: Procurement and Purchasing
People have been interchangeably using the terms “purchasing” and “procurement” for a long time. If we particularly define them in the backdrop of the supply
Learn the Difference: Supply Chain and Value Chain
The term “value chain” has been a buzzword in the supply chain industry for the last couple of years. Many people consider it just an
Warehouse and Inventory Management – A Brief Guide
Warehouse and inventory management is an integral part of your overall procurement operations. Without a good warehouse and inventory management, you can’t run your procurement