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)

Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
Aramco and DHL Supply Chain Are Building Procurement and Logistics Hub
March 20, 2023  |  Supply Chain

Aramco and DHL Supply Chain are building a procurement and logistics hub in Saudi Arabia. The new hub will provide integrated procurement and supply chain...

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Global Trade’s Future Is Being Reshaped by Adaptive B2B Technologies
Global Trade’s Future Is Being Reshaped by Adaptive B2B Technologies
March 20, 2023  |  B2B Payments

Streamlining B2B processes and solving historical problems has never been more important, or more possible. This, as current macroclimate headwinds and the state of global...

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Modernizing Healthcare Procurement Can Be a Matter of Life and Death
Modernizing Healthcare Procurement Can Be a Matter of Life and Death
March 15, 2023  |  Healthcare

The pandemic kick-started a wave of short-term procurement solutions across industries as businesses struggled to stay afloat. For medical centers and other healthcare-related businesses, lockdowns...

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Most Manufacturers and Retailers Say Digitizing Procurement Will Modernize Global Supply Chains
Most Manufacturers and Retailers Say Digitizing Procurement Will Modernize Global Supply Chains
March 15, 2023  |  Supply Chain

The old saying holds true: Chains are only as strong as their weakest links. And that’s especially true of supply chains, where disruptions during the...

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Manufacturers’ Procurement Modernization Drives Innovations in Purchase Order Finance
Manufacturers’ Procurement Modernization Drives Innovations in Purchase Order Finance
March 13, 2023  |  B2B Payments

Purchase orders, an often-overlooked step in the procurement process, is receiving renewed focus as companies seek to modernize their systems. As supply chain pressures begin...

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CFOs Say Procurement System Modernization Avoids Supply Chain Failures
CFOs Say Procurement System Modernization Avoids Supply Chain Failures
March 09, 2023  |  Digital Payments

Businesses learned two critical lessons from the pandemic-related supply chain disruptions: First, they need tighter control of key payment processes, particularly procurement, to ride out...

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India’s OfBusiness Debuts Raw Material Procurement App
India’s OfBusiness Debuts Raw Material Procurement App
March 05, 2023  |  B2B Payments

Indian B2B platform OfBusiness has launched an app to help small businesses obtain credit and raw materials. The app lets micro-, small and medium enterprises...

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Amazon Business App Adds Purchase Reconciliation Tool for B2B Buyers
Amazon Business App Adds Purchase Reconciliation Tool for B2B Buyers
March 02, 2023  |  B2B Payments

Amazon Business has added 3-Way Match to its mobile app for B2B buyers. The 3-Way Match feature, which was previously available only via desktop or...

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Manufacturing CFOs Cite Uncertain Economy for Payment and Procurement Automation Delays
Manufacturing CFOs Cite Uncertain Economy for Payment and Procurement Automation Delays
March 01, 2023  |  B2B Payments

Manufacturing companies, along with other trade businesses, have had to learn to roll with the punches the last few years in order to survive. Modernizing...

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