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

Carillion Collapse Leads UK Government To Blacklist Late-Paying Contractors
Carillion Collapse Leads UK Government To Blacklist Late-Paying Contractors
April 11, 2018  |  B2B Payments

The U.K. government is reportedly planning to blacklist potential contractors that pay their own suppliers late — a response to the recent collapse of Carillion...

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Payments Acceleration Shifts The Risks For Buyers And Suppliers
Payments Acceleration Shifts The Risks For Buyers And Suppliers
March 05, 2018  |  B2B Payments

The buyer-supplier relationship goes beyond regulatory requirements like Know Your Customer. Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts...

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Today In Data: Increased Shipping, Bitcoin Whirlwind And GDPR Non-Compliance
Today In Data: Increased Shipping, Bitcoin Whirlwind And GDPR Non-Compliance
December 14, 2017  |  Today In Data

Today in PYMNTS’ data, delivery firms will ship more packages than ever this holiday shopping season, bitcoin is having another whirlwind week, financial institutions (FIs)...

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Today In Data: Rideshare Woes, Procurement Solutions And Investment Activity
Today In Data: Rideshare Woes, Procurement Solutions And Investment Activity
December 01, 2017  |  Today In Data

Many firms saw noticeable ups and downs in the past few days, with some experiencing highs like venture capital (VC) backing and new solutions to...

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Going Beyond Prepaid To Push Expense Management Beyond Travel Spend
Going Beyond Prepaid To Push Expense Management Beyond Travel Spend
November 07, 2017  |  B2B Payments

When it comes to employee spend management, innovations often circle around the business trip, tackling challenges like a lack of visibility and control over how...

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Building A Stronger Bridge Between Finance And Procurement
Building A Stronger Bridge Between Finance And Procurement
November 06, 2017  |  B2B Payments

With procurement becoming a more strategic unit within the enterprise, much of its power comes in the form of spend management, savings and bottom-line benefits....

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Procurement Firm Xeeva Secures AI Patents
Procurement Firm Xeeva Secures AI Patents
October 09, 2017  |  Innovation

Procurement software company Xeeva is strengthening its technology portfolio through the acquisition of artificial intelligence-related patents, the company announced Friday (Oct. 6). Get the Full...

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The Prescription For Prescription Commerce
The Prescription For Prescription Commerce
September 19, 2017  |  Retail

Think the neighborhood pharmacy is dead and gone? There are more than 22,000 reasons to think otherwise, and Deepak Thomas, CEO of Phil, noted in the...

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Making The Perfect B2B Payment
Making The Perfect B2B Payment
September 07, 2017  |  B2B Payments

When organizations take in and pay out purchase orders and invoices, what does the perfect payment look like? Bob Sneed, vice president of corporate payments...

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