procurement

Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity.

Source: en.wikipedia.org

Strategic Procurement Casts A Wider Data-Capture Net
Strategic Procurement Casts A Wider Data-Capture Net
June 19, 2019  |  B2B Payments

B2B FinTech has made leaps and bounds in the world of procurement, enabling large enterprises to automate a significant portion of their purchasing processes. Strategic...

READ MORE >
Strategic Sourcing Evolves Beyond Better Prices
Strategic Sourcing Evolves Beyond Better Prices
June 18, 2019  |  B2B Payments

Elevated from its position as merely a point through which money exits the enterprise, the procurement function is quickly becoming a strategic component of corporates...

READ MORE >
The Public Sector Takes The Lead On eProcurement
The Public Sector Takes The Lead On eProcurement
June 10, 2019  |  B2B Payments

Government procurement moved to the spotlight last week when New York City Comptroller Scott Stringer announced he is closely monitoring the state’s eProcurement project following...

READ MORE >
Connecting The Procurement Dots, From Purchase Order To Payment
Connecting The Procurement Dots, From Purchase Order To Payment
May 28, 2019  |  B2B Payments

Driving efficiency in accounts payable (AP) can stem from an array of efforts. Adopting electronic payments and getting rid of paper checks is certainly one...

READ MORE >
Is Digital The Best Defense Against Trade Finance Fraud?
Is Digital The Best Defense Against Trade Finance Fraud?
May 10, 2019  |  B2B Payments

There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...

READ MORE >
Kraft Heinz Uncovers Employee Procurement Misconduct
Kraft Heinz Uncovers Employee Procurement Misconduct
May 07, 2019  |  B2B Payments

U.S. food giant Kraft Heinz continues to address issues related to claims of procurement misconduct after the Securities and Exchange Commission (SEC) subpoenaed the company....

READ MORE >
Construction Ponders The Equipment Rent-Versus-Buy Dilemma
Construction Ponders The Equipment Rent-Versus-Buy Dilemma
April 25, 2019  |  B2B Payments

Confidence in the equipment finance industry has dropped in recent weeks, new data from the Equipment Leasing and Finance Foundation revealed. While equipment finance may seem...

READ MORE >
GovQuote Links Government Suppliers To BlueVine Financing
GovQuote Links Government Suppliers To BlueVine Financing
April 24, 2019  |  B2B Payments

Small business financing platform BlueVine is teaming up with government procurement solutions portal GovQuote to connect government vendors with working capital solutions. Get the Full...

READ MORE >
Procurement Execs Brace For USMCA Impact
Procurement Execs Brace For USMCA Impact
April 22, 2019  |  B2B Payments

In the wake of the United States-Mexico-Canada (USMCA) trade agreement (the framework that outlines trade tariffs between the U.S., Mexico and Canada), analysts predict long-term impacts...

READ MORE >