On average, class C purchases account for just 5% of company purchases, yet they make up 70% of hidden costs . This imbalance, resulting from many different factors, is often linked to an excessively broad supplier portf...
Unscheduled purchases include any products and services that companies need infrequently or on an ad hoc basis to deal with everyday situations. These purchases are very often made as a matter of urgency, with no regard ...
GEP, a vendor of procurement management solutions, recently published a survey containing a wealth of invaluable findings for procurement divisions. It explores the potential benefits of artificial intelligence in the Pr...
EDI (Electronic Data Interchange) is the exchange of documents in a standard electronic format between two business partners, from computer to computer. In this post, you will find the answers to all of your EDI question...
In this article, you will find all the answers to your questions about Procure-to-Pay: What processes does Procure-to-Pay include? What do Procure-to-Pay solutions involve? What are the benefits of Procure-to-Pay?
With the digital revolution underway, company needs and expectations regarding the buying experience are changing at a rapid pace. Procurement departments are facing significant challenges in this area, as they need to o...
With the Fourth Industrial Revolution now under way, new technologies have great potential to boost company performance. However, some will play a greater or lesser role than others in the digital transformation of procu...
Within purchasing departments, and particularly in indirect procurement, the trend is towards the digitisation of transactions. This emerges from the Manutan Group's survey of its 545 French key account customers ove...
It is well known that negotiating and signing a contract with a supplier is one thing, but applying it in the field is quite another. The deployment of contracts represents a pivotal step as purchasing departments put th...
The Oregon Department of Administrative Services conducted an audit of procurement practices in the state of Oregon (USA). The American state, which currently uses out-of-date systems and inefficient processes, is assess...
