The term “procurement” is a familiar jargon for anyone who has any experience working for a large company / organization. Broadly speaking, it is the process of procuring goods and services for a company and/or an organization. Procurement process typically includes planning for the procurement of goods and services for…

E-Procurement is the process of procuring goods or services that take advantage of software facilities, communication technology and information. Procurement transactions using E-procurement are easier, more transparent and efficient than traditional procurement processes. According to Dave Chaffey, Digital Marketing (2009), e-Procurement is an electronic integration in the management of all…

The procurement process of an organization is long and tedious. This is due to the requirements and the level of controls needed to ensure a transparent, and secure purchase of goods by the organization. Considering this, what are some common mistakes / pitfalls in the procurement process? We take a…

Along with technological developments, the way people shop has changed. Now, people prefer to shop online, without the hassle of leaving the house. The same thing happened to the spending process for corporate procurement. If in the past the person in charge of company procurement bothered shopping here and there,…