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What Is The Difference Between Procurement, Purchasing, Sourcing, Purchase Orders, and Requisitions?
As you read about business purchasing and procurement, you’ll start to notice people using several different terms. Words like procurement, purchasing, and sourcing are often used interchangeably. The same goes for the paperwork involved, such as purchase orders and requisitions. […]
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Creating A Purchase Order System For Your Small Business
If you’re running a small business, purchase orders might seem like an unnecessary step that just adds to your paperwork load. Many small businesses don’t even use purchase orders, preferring to rely on invoices from the seller to document orders. […]
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Here’s What You Should Know About Sustainable Procurement in 2022
Sustainable business practices are a hot trend in today’s world. Social and environmental sustainability are near the top of many companies’ goals, particularly those companies located in nations that have pledged to reduce their carbon footprint and greenhouse gas emissions. […]
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Here’s How CPOs and CFOs Can Digitize Procurement Strategically
As digitization becomes standard in the business world, companies that haven’t yet digitized procurement are likely considering the possibility. If you’re going to make that move, though, you want to make sure digitizing will be an improvement. Taking procurement digital […]
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How to Make Procurement Compliance Easy for Employees Using Automation Software
The goal of implementing automation technology in businesses is to empower human employees. Human-centric software design makes routine tasks faster and easier, reduces frustration, and frees up employee time to focus on the most rewarding parts of their jobs. One […]
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5 Ways that Purchasing Software Can Help the Transportation Industry
Today, integrating cloud-based solutions is one of the biggest current trends in the transportation industry. Business processing systems like the Software-as-a-Service solutions from NextProcess offer scalability, accessibility, and flexibility that empower transportation companies to improve essential business operations. One of […]
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The Retail Industry’s Guide to Using Automation to Improve Purchasing and Inventory Management
As someone working in the retail industry, you know the constantly changing nature of retail presents a wide range of challenges to keeping your business processes running smoothly. One of the biggest challenges to face retailers is keeping track of […]
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How Automation Can Help You with Sourcing and Procurement in the Time of COVID-19
In a world shaped by the COVID-19 pandemic, businesses face enormous and often unprecedented challenges. The coronavirus pandemic’s impact on supply chains affects every industry, forcing companies to take a closer look at their procurement strategies. If you’re concerned about […]
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Your Guide To Using Automation to Improve Accounts Payable and Procurement In The Manufacturing Industry
This is the first post in our new Automate Your Industry series. Today, we’re talking about how Accounts Payable and Procurement software can make a difference in your manufacturing company. We’ll have more industries coming in the next few weeks. […]
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How To Take Advantage Of The Surprising Benefits That Come From Aligning Procurement and Accounts Payable
Procurement and Accounts Payable should be a match made in heaven. One brings goods and services into your company and the other pays for them. They’re two halves of the same Procure-To-Pay (P2P) process. Working together just makes sense. In […]
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Quick and Painless Ways to Solve 5 Common Purchasing Problems
Is your company struggling with purchasing problems? Dealing with accidental orders, unclear policies, exceeding the budget, inventory issues, and inflexible or unreliable suppliers are not uncommon. But you don’t have to keep putting up with these issues in your company. […]
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Pros and Cons of Online Procurement Software
In recent history, the digital business revolution revolved around using in-house software for process improvement. Typically, you’d buy a software package designed to handle a specific business process, such as procurement or payroll, and then install it on the department’s […]
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