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Blog Procurement

Procurement Trends to Watch in 2023

If you need a word to summarize the economic mood in 2023, “pensive” comes to mind. After the drastic market fluctuations of 2020 to 2022, we enter the new year with an over 60 percent likelihood of recession, according to leading economists.  Tech giants, previously full-steam-ahead on fast hiring and generous salaries, are now engaged […]
6 min read
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Blog Purchasing Process

The In-Depth Guide to Better Purchase Order Processing

Organization is the antidote to purchasing chaos and budget overruns, but building an orderly procurement process doesn’t happen overnight. If your accounting department is under a constant time crunch and your stakeholders spend time following up on needed supply orders, it’s time to build a better procurement process. When it comes to improving the procurement […]
10 min read
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Blog Accounts Payable

Invoice Tracking Template

Missing a payment — or duplicating one — can be a costly and time-consuming mistake. Without a way to manage an organization’s increasing flow of invoices, mistakes like these lead to unnecessary fees and wasted time while taking a bite out of company revenue. On the other hand, a strong invoice management system opens the […]
5 min read
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Blog Procurement

The Quick Guide to Better Hospitality Procurement

Hospitality sector and service-based businesses are fast-paced, high-volume operations with historically tight profit margins. To succeed in a hospitality business, owners and finance teams must closely monitor the bottom line. Procurement is one of the primary areas where businesses can realize savings and optimize operations.  Today we’ll share information buyers need to know when purchasing […]
6 min read
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Blog Procurement

Retail Procurement Management Guide for 2023

Procurement in the retail sector presents a complex, multifaceted challenge. On one front, retailers rely on a constant flow of competitively priced goods and just-in-time delivery options. On the other, they must provide a consistent, quality experience to customers. Thus retailers spend ample time sourcing items to delight shoppers while keeping profit margins and speedy […]
7 min read
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Blog Vendor Management

The Complete Guide to Vendor Sourcing

Every procurement team has favorite vendors — the suppliers that always go the extra mile, give consistently competitive pricing, and make the purchasing process easier. Finding those vendors isn’t a matter of chance. These relationships are the result of careful selection, good communication, and continued partnership.  Looking for vendors to fulfill procurement needs can be […]
11 min read
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Blog Spend Efficiency

5 Best Software Picks for Your Coworking Space

In the era of increasing remote and hybrid work options, coworking spaces bridge the gap between the challenges of working from home and the routine of traditional in-office environments. Coworking spaces give freelancers, traveling professionals, and remote workers access to the tools and surroundings that help them work at their best. Globally there are more […]
6 min read
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