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Importance of Inventory Management for an Efficient Purchasing Function
An effective and efficient purchasing function is critical for your business. It will help you keep costs down and ensure productivity. To develop a streamlined purchasing process, your first step should be inventory management.  The best method to manage inventory is to invest in e-procurement software that provides analytics... Read Article
August 20, 2019
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BY Bellwether
Strategies to Increase Procurement Savings
Business owners like you are always trying to find ways to save money while still effectively and efficiently managing their business. What many business owners don’t know is that savings can be found in the procurement process. By refining your procurement strategies, you can boost company productivity and save... Read Article
August 13, 2019
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BY Bellwether
Awesome Tools Your Purchasing Department Should Use Today
Selecting the right tools for your business’ procurement process can be daunting, especially if you have been using manual processes. By automating your procurement management system, you will save yourself and your business time and money, helping you to become more successful each day.  Procurement management tools will help... Read Article
August 6, 2019
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BY Bellwether
Cloud Computing Technology and Its Impact on Business and Purchasing
Deciding to move your business to the cloud is an important decision that will affect every aspect of your business and its processes. Let’s take a look at how cloud computing technology can impact businesses.  How Does Cloud Technology Work? The cloud itself is simply a mother term to... Read Article
July 31, 2019
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BY Bellwether
Transforming Your Procurement System with Business Intelligence
Business intelligence (BI) is all about data that can be used to improve business functions. One is the procurement functions, which is integral part of corporate performance. Procurement can be a complicated process, but business owners must be able to continue to obtain high-quality products and services at sustainable... Read Article
July 29, 2019
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BY Bliss Team
How to Build a Strategic Procurement System
The procurement process can be complicated, which is why many businesses are still using spreadsheets and manual processes to control and manage their purchasing. Strategic procurement spans across all different departments of an organization. A successful procurement process is crucial for keeping costs down and making businesses more efficient.... Read Article
July 22, 2019
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BY Bellwether
How to Optimize Your Sourcing Function
Strategic sourcing can add value to your entire enterprise. An effective procurement process allows for sourcing strategies to improve the growth of a business. Purchasing software will provide your business with: A high percentage of spend under management Strong alignment between the procurement process and business stakeholders Discipline around... Read Article
July 15, 2019
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BY Bellwether
Efficient Procurement Process and Economies of Scale
What are Economies of Scale? An example of economies of scale is when you buy an item in bulk because buying more ultimately means that you’re getting each unit at a lower price. For businesses, cost savings occur as a result of making more products. What this means for... Read Article
July 12, 2019
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BY Bellwether
Procurement Trends Affecting How SMBs Do Business
Small-to-mid sized businesses are always finding ways to improve workflows and create efficiency to save money. While there are many different ways to execute the purchase order process, there are a few trends that are becoming increasingly popular for SMBs. What are the top trends that affects procurement process... Read Article
June 11, 2019
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BY Bellwether
Effective Techniques for An Efficient Purchase Order Processing
Efficiency is key when it comes to running a successful business. Because efficiency improves productivity and can help businesses easily manage certain aspects of their business, it’s important to find ways to increase efficiency during the day-to-day operation. An efficient purchase order system can be implemented gradually or all... Read Article
June 4, 2019
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BY Bellwether
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