How to measure the success of e-Procurement? It’s an established fact, that e-procurement solutions help organizations in implementing effective procurement processes and strategies. Saving on procurement price and procurement time are two easy to recognize benefits.…
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Procurement KPI Metrics | Measure Effectiveness of Procurement
Procurement KPI Metrics Procurement is a vital business function and impacts the performance of an organization. It may affect product quality, costing, timely delivery, and customer satisfaction. So it is important for organizations to monitor…
9 steps of effective Procurement Process
9 steps of effective Procurement Process The procurement process involves a series of activities undertaken to ensure the required materials are available at the right time in the right quantity. Procurement is a strategic business…
Difference between Procurement and Purchasing | Procurement vs Purchasing
Difference between Procurement and Purchasing | Procurement vs Purchasing Both procurement and purchasing are business terms that are quite similar and many people and organizations use these terms interchangeably. However, there is a distinct difference…
8 Steps to eProcurement Success
8 Steps to eProcurement Success Do you want to save time, effort and procurement costs? Have you noticed that manual procurement process is person dependent, involves a lot of paperwork, repetitive tasks and is time-consuming?…
What are the benefits of e-Procurement ?
What are the benefits of e-Procurement? Procurement costs generally account for 60% to 70% of the total expenditure of Manufacturing SMEs. Procurement is a critical business function, affecting the overall performance and efficiency of an…
What is e-Procurement? Components of e-Procurement | e Procurement
What is e-Procurement or e Procurement? E-Procurement or e Procurement or electronic procurement is the process of purchasing goods or services online. e-Procurement software solutions help to automate the entire manual procurement process right from…
ERP Selection & Implementation Guide
Business has become more competitive and value driven than ever. To improve their deliveries and performance more and more organizations are going digital and adopting ERP. And with the increase in number of ERP implementation,…
Action Plan for Inventory Optimization
Inventory Optimization has always been challenge for SMEs. The objective of this article is to suggest actionable steps for inventory optimization for SMEs. Steps mentioned in this article are prepared based on data analysed from…
Supply Chain and it’s impact on profit and growth in today’s business
What is Supply Chain Management? Supply Chain Management (SCM) is an important part of every organization, whether small or large. SCM is the active management of supply chain activities to maximize customer value and achieve a…