What is a Punch Out system?
Have you ever heard the term ‘Punch-Out‘ in the course of a heated discussion with your fellow buyers? That sweet word that’s […]
Spend management during a recession: the keys to success
In today’s uncertain economic climate, it’s more important than ever for businesses to be proactive in preparing for potential downturns. One way […]
Managing orders and accounts payable process
The world of purchasing, whether physical or online, is a highly promising field that has been constantly evolving for years. It is […]
Digitalising your purchases with a software
Some companies are content to use an outdated management system. Unfortunately, this can hinder business development. Choosing an excellent purchasing management software […]
5 tips to simplify your purchasing function
Long seen as a simple administrative task, the purchasing function was relegated to a secondary role within companies. However, it has been […]
How to convince suppliers to opt for electronic invoicing?
Purchases and acquisitions of all kinds are at the heart of a company’s activity. Suppliers play a key role in this ecosystem […]
Class C purchases: the strategy to adopt
Applying the Pareto principle to purchasing reveals that 20% of a company’s resources generate the majority of its sales, i.e. between 70% […]
Understanding the ABC method and its advantages
The ABC method, also known asActivity-Based Costing, is a cost management technique used to analyse and understand the full costs associated with […]
What is e-procurement?
Digital technology has revolutionised the way in which work is traditionally organised within companies. As a result, many activities have changed. In […]
The steps involved in carrying out a Quality Audit
A quality audit is a methodical, distinct and documented process based on evidence and observations to objectively assess a system’s compliance with […]
Digitalising your transactions 2024
Since the 3.0 and 4.0 industrial revolutions, companies – whether small, medium-sized or large – cannot do without digital tools to manage […]
What is spend visibility and how to increase it?
Most finance managers understand how crucial it is to be financially aware in a growing organisation. Studies show that only 55% of […]
Using a supplier management software in your company
Over the past two decades, sales and marketing teams have reaped the many benefits of customer relationship management (CRM) solutions. But in […]
All you need to know about the purchasing process
A company can only improve its operations if it has a clear view of everything it does. The purchasing process is a […]
Pareto analysis: an ally for corporate buyers
In 1896, the economist Vilfredo Pareto formulated the Pareto principle, better known as the80/20 rule. This principle states that for many events, […]