Contents1 What Features Should Purchasing Tools Have?1.1 The Best Tools for Purchasing Departments1.2 Workplace Requisition and Procurement1.2.0.1 Aestiva Purchase Order 1.2.0.2 Fraxion Spend Management1.2.0.3 E Buyer Assist 1.2.0.4 SourceSuite1.2.0.5 Procurement Port1.2.0.6 Turbine 1.2.0.7 SpendMap1.2.0.8 Unleashed Software Selecting the right tools for your business’ procurement process can be daunting, especially if you have...
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August 6, 2019
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BY Bellwether
Contents1 How Does Cloud Technology Work?1.1 How Does Cloud Affect Businesses?1.2 How Cloud Computing Does Impact Procurement? 1.3 Who Is Affected By Cloud Computing? 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...
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July 31, 2019
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BY Bellwether
Contents1 What is Business Intelligence?2 Procurement Software3 Business Intelligence and Procurement4 Final thoughts 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...
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July 29, 2019
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BY Bliss Team
Contents1 1. Purchase procurement software2 2. Assess your current business3 3. Talk to the stakeholders about a new procurement strategy4 4. Define Goals5 5. Priorities6 6. Define and Refine your Policy7 7. Look at your sourcing strategy8 8. Determine success metrics The procurement process can be complicated, which is...
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July 22, 2019
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BY Bellwether
Contents1 The Sourcing Process2 Spend under management3 Revised purchasing policy4 Procurement and Stakeholders5 Lifecycle Vendor Management6 Vendor management and risk mitigation7 What are the benefits of an optimized sourcing function? Strategic sourcing can add value to your entire enterprise. An effective procurement process allows for sourcing strategies to improve...
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July 15, 2019
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BY Bellwether
Contents0.1 What are Economies of Scale?0.2 The Procurement Process and Economies of Scale0.3 Centralizing Purchase Function of a Business 1 Purchase Order Software 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...
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July 12, 2019
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BY Bellwether
Contents1 What are the top trends that affects procurement process among SMBs?1.1 Increased Automation1.2 Data-Driven Decisions1.3 Digital Strategies1.4 Talent Pools1.5 Thinking Beyond Price1.6 Risk Management1.7 Focus on Indirect Spending1.8 Artificial Intelligence (AI) Systems1.9 AI and Chatbots Small-to-mid sized businesses are always finding ways to improve workflows and create efficiency...
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June 11, 2019
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BY Bellwether
Contents1 How do you improve order processing?1.1 E-commerce Integration 1.2 Automation1.3 Inventory Control 1.4 Communication1.5 Simplify Database1.6 Simplify Documentation1.7 Purchase Management Software Integration 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,...
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June 4, 2019
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BY Bellwether
Contents1 What are the advantages of optimizing your purchase order process?2 Minimize Risk3 Budget Management Made Simple4 Compliance5 Improve Business Relationships6 Save Time and Money 7 Steps to Improve your Purchase Order Process7.1 Assess existing process and workflow 7.2 Establish a Preferred Vendor List7.3 Develop Beneficial Buyer-Vendor Relationships7.4 Improve...
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May 28, 2019
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BY Bellwether
Contents1 What are the essential features you should look for?2 Vendor Database3 Automation4 Purchase Order Documents5 Tracking Information 6 Streamline Approvals and Requisitions 7 Matching Purchase Orders and Invoices8 Other considerations when purchasing procurement software9 Software Version 10 Virus Protection11 Analytics12 Compatibility13 Reputation14 How to choose for the right...
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May 21, 2019
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BY Bellwether
