Purchase Requisition (Indent)
A Purchase Requisition (PR) is an internal document issued by a department requestor in an organization to request a purchase […]
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Framework: Spend Analysis in Procurement
Spend Analysis is the process of analyzing current, previous and forecast future spending. It is a process of identifying, gathering,
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Procurement Management System (PMS) using Excel
A Procurement Management System (PMS) is a set of systems and procedures that gather data from range of sources and
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Cross Departmental Collaboration in Procurement
A recent research study indicates that the concept of drawing on the coordinated expertise of a group from different functional
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Difference Between Purchasing and Procurement
People use the terms interchangeably: Purchasing and Procurement Many people use the terms purchasing and procurement interchangeably but despite their
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Purchasing Process – P2P Cycle
The Purchasing Process is a framework that outlines how procurement is controlled within an organization. Here are the steps to
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