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How to implement a future-ready e-procurement function

Spend Matters

To ensure automation delivers maximum value, procurement teams must first streamline their processes, enforce governance and standardize purchasing behaviors. Approval workflow bottlenecks: Manual approvals cause delays, increasing cycle times and reducing procurement efficiency.

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

SCMDOJO

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.

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Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.

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Biggest Challenges for Packaging & Container Companies in Enabling Supplier Collaboration & Automating Purchase Order (PO) Processes

Procurement Insights

EDITOR’S NOTE: I have recently completed a preliminary analysis of Packaging & Container Companies’ challenges to enable greater supplier collaboration and automation around the purchase order process, including PO confirmations, shipment notices, and price/quantity changes.

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How to set up a QuickBooks purchase order system for small businesses 

Procurement Express

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Fortunately, QuickBooks Online gives you a simple way to manage purchase orders, streamline approvals, and keep vendor relationships smooth. What is a purchase order?

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

Spend Matters

The series follows the methodology described in our Aligning Finance and Procurement in-depth guide , which offers a practical, structured approach to enhancing cash flow visibility, optimizing payment timing, reducing working capital risk and improving liquidity outcomes through closer collaboration between finance and procurement.

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Purchase Control Is A Nightmare To Solve – Here’s Why

Procurement Express

Purchase control is one of those things that feels small until its not. Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships. How much time is your team wasting on the purchase order process?