5 Benefits of Supplier Networks[vc_row][vc_column][vc_column_text] EProcurement Integration Challenges are everywhere Despite challenges, eProcurement systems are gaining traction eProcurement is a relatively new concept where an organization utilizes an automation tool to manage their corporate purchasing processes. Deployed correctly and eProcurement systems can deliver many benefits, including: Budget Process Streamlining Real-time Process Visibility Reduction of Maverick Spending More efficient practices resulting in better pricing End to end controls and...Read More
E-Procurement systems provide new controls to the old purchasing systems E-Procurement has drastically changed the way companies manage their global purchasing. The procurement environment has been transformed into a complex and multidisciplinary marketplace with numerous different business players. ...Read More
Supplier Adoption – Maximize the ROI of Your eInvoicingSupplier Adoption complications are very typical business scenarios for most on-demand functional system. For months, your company has recognized the need for a new invoicing system....Read More
Good Internal Controls – The Core of Supplier Onboarding. Both in the Accounts Payable and Procurements departments will usually result from good controls throughout the organization....Read More
t doesn’t mean that you will inevitably face it, but it is always better to be aware of the dangers that are out there. Businesses that are new to dealing with Chinese Suppliers and those that perform their buying or selling activities in China from a distance, without a real presence in the Chinese market, are most vulnerable to fraudulent practices....Read More
PO Flip is the new Must-Have procurement portal feature. Just like any other process automation solution, eProcurement has introduced some new terms to offer a more understandable explanation and description for new functions within the process....Read More
Supplier evaluation checklist strategies vary from company to company. In most cases, they can be a proactive way to expand your organization’s ability to reduce supply chain risk as well as attract and maintain the right suppliers. Establishing a company-wide methodology to help evaluate suppliers is easier than you think and will contribute to making sure that you avoid mistakes....Read More
The Great Procurement Talent Gap is a concept that I have spoken about with many colleagues in the past 12 months. Recently I came across a guest blog post on Spend Matters called Procurement’s Growing Divide: Talent Inequality...Read More
Vendor Portal Benefits take many forms. Many people do not realize just how integrated a configurable a vendor portal will end up until they bring their team together and start to collect requirements. Also known as a Supplier Portal, they are web-based and genuine vendor management solutions that provide multiple benefits with an excellent opportunity to work and communicate with your vendors in a safe, secure,...Read More
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