Digital transformation has been one of the top buzzwords across industries and their respective leaders, including those spearheading procurement. Similar to digitally transforming other business areas, the digitalisation of procurement provides businesses with the opportunity to reduce inefficiencies and inaccuracies that may stem from manual...
So you’ve met the right supplier and sat through price negotiation meetings which resulted in a contract pricing agreement. How do you translate your contract pricing efforts into actions that bring better savings, compliance and drive the right policies? The answer is through guided buying....
The two most basic entities involved in the procurement process is a buyer, the procurement department of a business and a seller, or a vendor. Throughout the procurement process, a lot of communication happens between these two parties all the way from source to pay,...
A key external party that plays a big factor in the success of procurement is vendors. Procurement teams may be directing their personal attention to other activities in the procurement process such as requisition and payment but leave vendor management in the back burner. Effective...
Do you know what your company is spending on? This is an essential question for all companies to ask themselves. There are four common ways in which companies can easily leave money on the table which will be explored further on in the article. How...
The function of procurement teams is more than just procuring goods and services relevant to a business. The procurement role is considered to be fundamental towards achieving sustainable cost management for a business. With the procurement activity being one of the main drivers behind savings...
I recently had the opportunity to work at Supplycart as a marketing Intern which is definitely an experience that I will never forget. Supplycart is my first working experience overall, which led me to be super nervous on my first day. But to my surprise,...
My Daily Tasks Well, it has been quite a journey here at Supplycart. As a sales and marketing intern, I was assigned to various tasks over the past 3 months. These include answering and making phone calls to customers, handling sign-ups, generating quotations and most...
I would like to share my experience as an intern in Supplycart. Working here as an intern has given me insight into many things, from workplace ethics to cultural barriers. But the one impactful factor that matters most as an intern are the skills acquired...
Do you know what your company is spending on? The fact remains that many organizations aren’t aware of their own company’s spendings. Businesses, unfortunately, don’t understand the importance of spend visibility but it actually plays a huge role in the organization. It allows businesses to...