Purchasing vs Procurement – What’s Really the Difference?

When does purchasing become procurement and when is procurement actually just purchasing?  Are the two terms not simply interchangeable?

We can begin with some standard definitions:

Purchase:  to obtain something by paying for it.

Procurement: the action of obtaining or procuring something.

Saving Big on Procurement Technology Implementations

Investing in a new software or technology platform is always a big decision. And, if the implementation isn't done right, it can do more harm than good. Read this post to learn how you can effectively implement new procurement technology or software, while saving on time, money and efforts.

Is Big Data Really the Next Big Thing in Procurement?

We all have been hearing it for some while – Big Data is the next big thing in business analytics. But what exactly is Big Data? What does it mean for procurement and supply chain professionals? Isn’t it something they’ve been doing all this while for spend data analysis and mitigating supply risk?

Clear the Decks! Technology Transformation Is on Its Way

Smartphones, tablets, and ubiquitous internet connectivity are changing the way we work and do business. Add to this the power of cloud computing, and a new mobile revolution is on its way. While the devices have evolved rather quickly, is your procurement team ready to make this transition yet?

Popular Posts