Purchasing Process: 10 key steps
Although all companies are involved in purchasing, the vast majority have yet to adopt a purchasing process for their business. What is a…
All you need to know about supplier invoice management
Managing supplier invoices is an important process in any business. For a long time, it was dealt with at a glance, but today it is important…
Purchasing function: how the process works
Before buying, a purchasing organisation first goes through a succession of operational tasks. Each phase must be implemented rigorously and…
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…
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…
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 in…
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 of value…
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…
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…
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…
Digitalising your transactions 2025
Since the 3.0 and 4.0 industrial revolutions, companies – whether small, medium-sized or large – cannot do without digital tools…
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 businesses…
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…
How to encourage responsible procurement within your company?
Buying sustainable products is a practice increasingly used by companies in the public market, but one that is also becoming effective in the…
How does Purchasing Management works ?
A huge subject! It must be a significant part of a Purchasing Manager’s workload! Like any manager, there is first and foremost his or…
Indirect Procurement : Definition and Challenges
Are you familiar with indirect purchases? These often overlooked expenses can represent a significant proportion of your company’s…
Direct Procurement : Definition and Challenges
Of all the different types of purchasing, direct purchasing is often regarded as the beating heart of a company’s business. They are the…
What is the Kraljic matrix?
September 1983: Peter Kraljic publishes an article that profoundly changes the working methods and concepts of many purchasing departments .…
The supplier cycle on Access VS on a purchasing management software
Being competitive in today’s market requires more than a superior product or clever marketing. Digital transformation is driving the use…
What are the different purchases types and families ?
Purchasing is an integral part of every company’s processes. No business is exempt from this rule, not even self-employed entrepreneurs.…
How to lead a negotiation
Negotiations are an everyday part of business life, as they take place with all the stakeholders that make up the company: commercial…
Tips to reduce supplier management costs
Companies can considerably reduce their supplier expenditure by using the quality of the data fed back into management software. Efficiency,…
How can we avoid late payments to our suppliers?
Late payments to suppliers are a hazard that every company will have to face at some point in its existence. However, there are effective ways…
5 reasons to implement a purchasing strategy in your company
For a company to function properly, it must be made up of several departments that are necessary for its proper development. Although sales is…
Using SRM to optimise supplier relations
If you are a manufacturer or retailer, you need to know about supplier relationship management (SRM). The success of your business depends on…
How to pick the right Stock Management Software?
In the professional world of business, each tool used must be chosen according to very specific criteria. When it comes to inventory…