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)

Deriving Value From Procure-To-Pay Beyond Early Payment Discounts
Deriving Value From Procure-To-Pay Beyond Early Payment Discounts
April 30, 2021  |  B2B Payments

As a department designed around the need to spend company cash, procurement is not always considered a value-added function of the enterprise. For organizations that...

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Mirakl, PunchOut2Go Team On eProcurement Via Marketplaces
Mirakl, PunchOut2Go Team On eProcurement Via Marketplaces
March 31, 2021  |  B2B Payments

Mirakl and PunchOut2Go have collaborated to link the eProcurement and business-to-business (B2B) automation of PunchOut2Go with the enterprise marketplace technology of Mirakl, according to a...

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Placing Inventory — Not Accounting — At The Crux Of The ERP
Placing Inventory — Not Accounting — At The Crux Of The ERP
January 25, 2021  |  B2B Payments

While working from home has become a key driver of enterprise digitization amid the pandemic, it’s not the only coronavirus-related market impact forcing companies into...

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The Diamond Industry Polishes Its B2B eCommerce Strategy
The Diamond Industry Polishes Its B2B eCommerce Strategy
January 14, 2021  |  B2B Payments

Like so many industries today, the diamond sector continues to struggle with supply chain digitization. The process of B2B procurement between diamond vendors and jewelry...

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Australia, South Africa Take On The Late Payments Fight
Australia, South Africa Take On The Late Payments Fight
December 14, 2020  |  B2B Payments

Delayed and late B2B payments are a global issue, but this week’s B2B Data Digest shines a spotlight on two markets that are elevating the...

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Unlocking Data, The Bedrock Of Strategic Sourcing
Unlocking Data, The Bedrock Of Strategic Sourcing
October 27, 2020  |  B2B Payments

Strategic sourcing is a complex procurement process that goes far beyond simply obtaining the best price on the products and services an enterprise needs to...

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The Procure-To-Pay Space Needs Amazon-Like Automation And Greater Payment Flexibility
The Procure-To-Pay Space Needs Amazon-Like Automation And Greater Payment Flexibility
October 13, 2020  |  B2B Payments

At a time when more and more transactions are being done online and at higher speed, the need to streamline corporate purchasing procedures has never...

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Why Procurement Optimization Must Go Beyond Spend Analytics
Why Procurement Optimization Must Go Beyond Spend Analytics
August 24, 2020  |  B2B Payments

Today’s modern, digital-first corporate has procurement expectations far beyond what the average business would have had only about five years ago. Like so many other...

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Procurement Analytics Firm Sievo Joins Basware’s Partner Ecosystem
Procurement Analytics Firm Sievo Joins Basware’s Partner Ecosystem
August 18, 2020  |  B2B Payments

Procurement analytics company Sievo has joined eInvoicing and procure-to-pay provider Basware’s partner ecosystem, according to a Tuesday (Aug. 18) announcement. Sievo, which was founded in...

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