Procurement and Purchasing - Purchasing & Procurement Zone

Purchase Requisition vs Purchase Order: What’s the Difference?

ProcurePort

JANUARY 11, 2022

The world of procurement is so vast and can be quite complex. Common terms such as ‘requisitions’ and ‘purchase orders’ can be easily mixed up. Are requisitions and purchase orders the same thing? How do their roles differ in a procurement life cycle? If you’ve ever wondered: What do these terms actually mean?

Purchase orders

Purchase orders Purchasing Procurement

Five signs your procurement process needs an overhaul

Spend Matters

JANUARY 7, 2025

But cutting back on these costs never feels quite as urgent as purchases tied directly to revenue. Ive been a procurement practitioner for more than 20 years and led procurement modernization in different industries and business environments. This leads to redundant purchases, budget overruns and a lack of accountability.

Procurement

Procurement Purchasing Vendor relationships Suppliers

7 Purchasing Negotiation Strategies Every Buyer Should Use

ProcurePort

SEPTEMBER 20, 2022

• In procurement, the balance of power can shift towards the suppliers for many reasons. Such circumstances make it important for procurement teams […]. Such circumstances make it important for procurement teams […]. In other cases, demand far outweighs supply, making it hard for buyers to negotiate.

Buyers

Buyers Negotiation Purchasing Strategy

Webinars

How to Modernize Manufacturing Without Losing Control

A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

MORE WEBINARS

Blanket Purchase Order – Everything You Should Know

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. After this article, you will know the difference between regular and blanket purchase orders and how using this will benefit your organization.

Purchase orders

Purchase orders Purchasing Quantity Buyers

Conquering Tail Spend in 2025: New AI-Powered Tools and Strategies for Success

Advertiser: GEP

It’s time to shift from fragmented, ad hoc purchasing to a strategic, technology-driven approach. Tail spend — often unmanaged, fragmented and costly — can account for as much as 80% of total transaction volume. Without the right strategy, enterprises face hidden risks and unnecessary spend.

Spend management

Sales Order vs. Purchase Order – 8 Key Differences

Procurement Tactics

JUNE 22, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. While these two may seem similar, they serve different purposes and are used at various stages of the procurement process. What is a Sales Order?

Purchase orders

Purchase orders Purchasing supply chain software solutions Buyers

How to stand up a modern procurement process

Spend Matters

FEBRUARY 4, 2025

Ramp recently hosted a panel of seasoned procurement practitioners to discuss and debate next-gen procurement, how procurement should be positioned and approached for businesses implementing a formal process for the first time, and practical steps to stand up a function from scratch. It must be approachable.

Procurement

Procurement Purchasing Negotiation Buying process

How to implement a future-ready e-procurement function

Spend Matters

MAY 1, 2025

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

Real-time Visibility

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization

Procurement transformation 2025: Why invest in procuretech and how to make the case – Onventis

Spend Matters

DECEMBER 23, 2024

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys.

Procurement

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Supplier consolidation

Making the Case for Investment in Your Company's Sustainable Purchasing Program

Whether you are just launching a sustainable purchasing program or looking to expand and strengthen your current efforts, you’ll need the support of multiple diverse stakeholders.

Purchasing

Ivalua Supports the Digitalization of Tchibo’s Indirect Purchasing Process with its Source-to-Contract Solution

ivalua

NOVEMBER 13, 2022

Ivalua, a global leader in spend management , today announced that Tchibo, one of the largest coffee roasters in the world, has chosen Ivalua and its partner Capgemini to digitize Source-to-Contract (S2C) for its indirect purchasing of goods and services. Founded in 1949, the company today has a turnover of €3.2 ivalua.com.

Purchasing

Purchasing Contract Sourcing Supplier relationship management

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

NOVEMBER 21, 2024

SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

Agile and Lean Supply Chain

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions

SOVRA Summit recap – Modernizing public procurement

Spend Matters

FEBRUARY 26, 2025

Despite the cold weather, the room was filled with passionate public procurement practitioners and suppliers who were eager to chat and learn. Recent successes include: In 2024, 321 new government procurement teams were onboarded. The State of New York is adopting SOVRAs fee optimization program via the Reconciler tool.

Procurement

Procurement Bidding Contract management Data

Understanding AWS Marketplace in the context of procurement solutions

Spend Matters

MARCH 25, 2025

For procurement professionals, AWS Marketplace might not be the first thing that comes to mind when thinking about Amazon. However, when it comes to procuring third-party software, data and professional services, AWS Marketplace is the dedicated platform designed to support businesses in building and running their digital infrastructure.

Procurement solutions

Procurement solutions Procurement Purchase orders Data

Operational Procurement — Everything You Should Know

Procurement Tactics

SEPTEMBER 8, 2022

33 Procurement Interview Questions in 2022. Operational Procurement — Everything You Should Know. Operational procurement sustains every business to do its daily operation. Do not worry if you do not know operational procurement as this article will help you understand it. The Definition of Operational Procurement.

Procurement

Procurement Purchase orders Purchasing Strategic sourcing

Procurement Category Management for Business

ProcurePort

MARCH 15, 2022

The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. When successfully implemented, the company can gain through lower purchase prices, better relationships with suppliers, agility in logistics, […].

Category management

Category management Management Procurement Logistics

ChatGPT in Procurement — Revolutionizing the Norm

Procurement Tactics

FEBRUARY 19, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter ChatGPT in Procurement — Revolutionizing the Norm ChatGPT is getting popular not just in procurement but also in various industries as it assists professionals in their everyday work. What is ChatGPT?

Procurement

Procurement Market analysis Contract Suppliers

What is Purchase Price Variance (PPV) and How to Calculate it?

SCMDOJO

MARCH 24, 2025

Introduction Gardner, (1954) and Huntzinger, (2007) define Purchase price variance (PPV) as a metric used to measure the effectiveness of cost-saving efforts by calculating the difference between the planned cost (standard pricing) allocated for purchasing activities and the actual cost incurred.

Price

Price Purchasing supply chain budgeting Raw materials

Procurement Speakers 2022 – 10 Most Popular Experts

Procurement Tactics

AUGUST 25, 2022

33 Procurement Interview Questions in 2022. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .

Procurement

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

JANUARY 9, 2025

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.

Strategic sourcing

Strategic sourcing Strategic sourcing Sourcing Procurement

Strategic Procurement — Everything You Should Know

Procurement Tactics

MARCH 16, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

Procurement

Procurement Procurement strategies supply chain budgeting Contract management

3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

ivalua

MAY 30, 2023

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

Eprocurement

Eprocurement Procurement Supply Chain Efficiency Supply chain resilience

Expanding the influence and impact of Procurement

Spend Matters

FEBRUARY 13, 2025

As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The success of the Procurement team at Utz Brands, Inc. ,

Influencing

Influencing Procurement supply chain budgeting Strategic sourcing

Strengthening procurement – Transforming through people and skills

Spend Matters

APRIL 15, 2025

As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.

Procurement

Procurement Category management Chief Procurement Officer Risk management

Procurement transformation 2025: Why invest in procuretech and how to make the case – Vroozi

Spend Matters

DECEMBER 17, 2024

In readiness for our Q1 2025 theme of Procurement Transformation, which will include how to even start your digital journey, how to make the case for it, how to shape your digital roadmap and how to survive it, we have received input from some solution providers on their own customers journeys. 2- and 3-way matching).

Procurement

Procurement Change management Strategic sourcing Strategic sourcing

What digital transformation is and means for Procurement

Spend Matters

FEBRUARY 18, 2025

Procurement professionals understand the need for a digital transformation, but they do not necessarily understand what a digital transformation involves. Procurement clearly feels the need for embracing the digital. This leads to partial success at best and failure at worst. They could squeeze a suppliers profits.

Procurement

Procurement Purchasing Suppliers Procurement team

Sustainable Government Procurement — Shifting to Sustainability

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases.

Sustainability

Sustainability Procurement Negotiation Bidding

Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know

Procurement Tactics

NOVEMBER 23, 2022

33 Procurement Interview Questions in 2022. Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know. However, what is its impact on procurement? . In this article, we will discuss what corporate social responsibility and sustainable procurement are.

Procurement

Procurement Ethics Sustainability Supply Chain Efficiency

A procurement digital transformation survival guide for practitioners: How to embrace digital without getting lost on the way

Spend Matters

FEBRUARY 5, 2025

Procurement has evolved from a back-office function to a strategic driver of innovation and value. Digitalization involves applying digital technologies to improve existing processes, like implementing e-procurement systems. True digital transformation in procurement goes beyond automating tasks (or doing more with less).

Procurement

Procurement Change management Strategy supply chain budgeting

Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Spend Matters

DECEMBER 16, 2024

In part 1 of this mini series on tariffs we looked in more detail at what we mean by tariffs and in part 2 we talked about a Procurement action plan. In part 3 we look at the tech that can support Procurement in tariff management. Design-for-Supply part 1, part 2, part 3 and part 4. Visit the site and log in/register to read.

Agile and Lean Supply Chain

Agile and Lean Supply Chain Management Supply Chain Efficiency Supply Chain Optimization

Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

DECEMBER 11, 2024

This article explains how this affects Procurement. The post Tariffs and Procurement (Part 2): Tariff management and building an action plan appeared first on Spend Matters. This content is for members only. Visit the site and log in/register to read.

Supply Chain Optimization

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency

Vroozi: Vendor Analysis (Part 1) — Procure-to-Pay solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

NOVEMBER 11, 2024

This Spend Matters Vendor Analysis provides an overview of Vroozi and its solution for procure-to-pay (P2P). The procure-to-pay space continues to evolve as organizations demand more efficient, automated solutions to manage procurement, invoicing and payment processes. This content is for members only.

Procurement

Procurement Buyers Collaboration Demand

The hidden burden of tariffs on procurement: Paperwork

Spend Matters

APRIL 10, 2025

As a result, many procurement and supply chain teams have built muscle memory around responding swiftly and decisively to regulatory changes. To help procurement professionals respond effectively, Spend Matters has two complementary resources.

Procurement

Procurement Raw materials Risk Supply chain

Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 1: Understanding the foundations

Spend Matters

MAY 6, 2025

In the Executive Summary to this use case series on aligning finance and procurement for cash flow optimization and liquidity we examined five phases that help organizations break down silos, align priorities and build the operational and technological capabilities needed to manage cash more effectively.

Supply Chain Optimization

Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Procurement

Volkswagen Group Selects Ivalua to Digitize its Indirect Procurement Processes

ivalua

DECEMBER 15, 2022

Ivalua platform selected to improve efficiency, transparency, and the employee purchasing experience. We are delighted to have been selected for the digitization of one of the world’s leading automotive players’ procurement processes. Redwood City, CA, December 15, 2022. Learn more at www.ivalua.com. Follow us at @Ivalua.

Supply Chain Efficiency

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Spend management

Stakeholder management in procurement digital transformation: Why, what, how?

Spend Matters

MARCH 25, 2025

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.

Stakeholder engagement

Stakeholder engagement Management Procurement Influencing

Sustainable Procurement Analysis — The Ultimate Guide

Procurement Tactics

JANUARY 8, 2023

33 Procurement Interview Questions in 2023. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. In this article, we will discuss what sustainable procurement analysis is. Download Whitepaper →. .

Sustainability

Sustainability Procurement Agile and Lean Supply Chain Supply Chain Optimization

PairSoft: Vendor Analysis — Procure-to-Pay solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

JANUARY 27, 2025

In this Spend Matters Vendor Analysis we provide an overview of Pairsoft and its procure-to-pay (P2P) solution. As businesses grow, managing P2P processes efficiently across procurement, accounts payable and cash management becomes a significant challenge. This content is for members only. Visit the site and log in/register to read.

Procurement

Procurement Market analysis Buyers Management

Purchasing management software: what to look for in 2025

Fraxion

MAY 11, 2025

Its 2025, which means finance and procurement leaders are under more pressure than ever to reduce costs, enforce policies, and manage spend without jeopardizing operations. More leaders are turning to purchasing management software to gain full control of their spend and stay audit ready, because manual processes simply cant keep up.

Purchasing

Purchasing Management Procurement

Sustainability Issues in Procurement — Embracing Sustainability

Procurement Tactics

APRIL 11, 2023

In this article, we will discuss first what sustainability in procurement means. We will tackle the common sustainable issues that many businesses are facing in their procurement processes. Once you are done reading this article, you will have a deeper knowledge of the sustainability issues that you may face in procurement.

Sustainability

Sustainability Procurement Negotiation Procurement strategies

Selecting the right technology for procurement

Spend Matters

MAY 8, 2025

This article is part of our ongoing series on digital procurement transformation. Now, we turn to selecting the right procurement technology, a clearly essential step for a successful digital initiatives. In addition to external suppliers, procurement technology affects multiple stakeholders, including finance, IT and legal teams.

Procurement

Procurement Cost of ownership Stakeholder engagement Contract

How to Manage Inventory and Purchasing in QuickBooks

Procurement Express

MARCH 9, 2025

If you’re managing inventory for your own business or juggling multiple ecommerce accounts, keeping track of purchase orders and stock levels shouldnt feel like a full-time job. Throughout the year, they purchase an additional $10,000 worth of cookies. Thats where QuickBooks Online comes in. Lets dive in.

Purchasing

Purchasing Inventory Purchase orders Management

Strengthening cash flow management and liquidity: A Finance–Procurement alignment approach — Executive Summary

Spend Matters

APRIL 29, 2025

This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Procurement, meanwhile, works to strengthen supplier relationships, capture discounts and reduce total procurement costs.

Real-time Visibility

Real-time Visibility e2e Procurement Management

Procurement Tracking – Everything You Should Know

Procurement Tactics

JUNE 28, 2023

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

Supply Chain Efficiency

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting

Purchase Requisition vs Purchase Order: What’s the Difference?

Five signs your procurement process needs an overhaul

Webinars

Trending Sources

7 Purchasing Negotiation Strategies Every Buyer Should Use

Webinars

Blanket Purchase Order – Everything You Should Know

Conquering Tail Spend in 2025: New AI-Powered Tools and Strategies for Success

Sales Order vs. Purchase Order – 8 Key Differences

How to stand up a modern procurement process

How to implement a future-ready e-procurement function

Procurement transformation 2025: Why invest in procuretech and how to make the case – Onventis

Making the Case for Investment in Your Company's Sustainable Purchasing Program

Ivalua Supports the Digitalization of Tchibo’s Indirect Purchasing Process with its Source-to-Contract Solution

Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

SOVRA Summit recap – Modernizing public procurement

Understanding AWS Marketplace in the context of procurement solutions

Operational Procurement — Everything You Should Know

Procurement Category Management for Business

ChatGPT in Procurement — Revolutionizing the Norm

What is Purchase Price Variance (PPV) and How to Calculate it?

Procurement Speakers 2022 – 10 Most Popular Experts

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

Strategic Procurement — Everything You Should Know

3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

Expanding the influence and impact of Procurement

Strengthening procurement – Transforming through people and skills

Procurement transformation 2025: Why invest in procuretech and how to make the case – Vroozi

What digital transformation is and means for Procurement

Sustainable Government Procurement — Shifting to Sustainability

Corporate Social Responsibility in Procurement — Everything a Procurement Professional Should Know

A procurement digital transformation survival guide for practitioners: How to embrace digital without getting lost on the way

Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Tariffs and Procurement (Part 2): Tariff management and building an action plan

Vroozi: Vendor Analysis (Part 1) — Procure-to-Pay solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

The hidden burden of tariffs on procurement: Paperwork

Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 1: Understanding the foundations

Volkswagen Group Selects Ivalua to Digitize its Indirect Procurement Processes

Stakeholder management in procurement digital transformation: Why, what, how?

Sustainable Procurement Analysis — The Ultimate Guide

PairSoft: Vendor Analysis — Procure-to-Pay solution overview, roadmap, competitors, user considerations, analyst summary

Purchasing management software: what to look for in 2025

Sustainability Issues in Procurement — Embracing Sustainability

Selecting the right technology for procurement

How to Manage Inventory and Purchasing in QuickBooks

Strengthening cash flow management and liquidity: A Finance–Procurement alignment approach — Executive Summary

Procurement Tracking – Everything You Should Know

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