Exploring Differences and Alignments within Procurement and Finance
Procurement and finance, while distinct functions within an organisation, are intricately interconnected, often joining forces to achieve common...
It’s a foundational business principle: “What gets measured gets managed.” Yet, when it comes to the realm of procurement, many organizations either miss out on implementing KPIs altogether or get bogged down in overly complex metrics that aren’t immediately actionable.
Procurement and finance, while distinct functions within an organisation, are intricately interconnected, often joining forces to achieve common...
While buying in smaller quantities may seem convenient, it isn’t always the most procurement cost-efficient approach.
Extending supplier payment terms is not merely a procurement strategy but also a viable cash flow optimization tactic that involves close...