Looking to make procurement cost savings? Addressing your existing procurement inefficiencies is an excellent place to start. After all, the best way to tighten up your processes and boost your bottom line is to identify and improve the current procurement protocols that may be costing you money. In this post, [...]
Common procurement mistakes cost businesses millions annually. Are you making these costly purchasing errors? It is shown that unregulated purchasing activities can cost businesses up to 30% of their targeted savings. Sadly, it doesn’t only hold companies back in procurement, it can hinder their entire progress. So, when thinking about [...]
Anything that helps to improve financial spending, minimize costs, and get ahead of the competition is of significant value to businesses — and that’s just some of the advantages that buying group procurement solutions provide. This innovative solution to procurement offers a wide range of benefits that businesses would be [...]
Engineers, technical procurement teams, manufacturers, and others often have complex procurement processes. These professionals rely on finding suppliers with the correct parts and suitable specifications. Unfortunately, these wrinkles can make sourcing the right parts challenging. Engineers and other stakeholders don’t always get the right parts or what they ordered, and [...]
Disconnected procurement and accounting systems lead to costly errors and inefficiencies. So, when considering possible solutions, a focus on the best procurement software integrations is essential. Automated procurement tools are now an integral part of modern business and enable companies to “streamline processes like suppliers auctioning and onboarding, contract management, [...]
In today’s fast-paced HVAC industry, having quick access to specialized parts isn’t just a convenience: it’s a necessity. From helping businesses get a handle on their costs to speeding up project timelines, effective HVAC procurement solutions can offer significant competitive advantages. Alas, the myriad challenges in HVAC purchasing mean that [...]
AI and automation are transforming how businesses manage procurement—is your company ready? Given that AI in procurement “can lead to important efficiency gains, cutting procurement costs down and improving business decision-making”, it’s clear that the future of procurement automation will rely heavily on the continued maturation of Artificial Intelligence. Why [...]
As companies around the globe look to incorporate mature business technologies, automation is no longer just a competitive edge. It is an essential ingredient in the recipe for survival. Once you understand the long list of procurement automation benefits, it becomes clear that every organization must integrate automated purchase orders [...]
Supply chain managers do more than simply ensure that goods make it from one place to the next. In a hypercompetitive, global market, they’re there to bolster efficiency, improve processes, and ultimately keep the supply chain running smoothly. This ever-evolving field is continually in a state of flux, and, to [...]
Having quick, convenient access to effective procurement tools is essential for today’s field technicians, who typically work in fast-paced environments under strict deadlines. Traditional procurement methods may have (eventually) given field technicians the tools they need to complete their jobs, but they were far from effective. They often resulted in [...]
