Procurement

Top Benefits That Automating Procurement Management Offers

Procurement, or the process of purchasing and paying for goods and services an organization needs to carry out its business operations, is an essential component of virtually all businesses. Therefore, the efficiency of the procurement process has the potential to have a big impact on the organization as a whole. Attempting to manage your company’s …

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Top advantages of using technology in the procurement process

When you use technology in your procurement process, it saves you a lot of time, which could improve e-commerce stores’ performance The procurement process is not simple and straightforward. It’s complicated. The manual procurement process is very labour-intensive, time-consuming, and involves a lot of paperwork. On the other hand, when you use technology in your …

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Teckost.com Launches Online IT Procurement Intelligence Product for Businesses to Find Best Prices for IT Hardware & Software

San Francisco, CA, April 07, 2019 –(PR.com)– Teckost is an exclusive search engine for IT Hardware & Software, IT Cost discovery & IT Procurement Intelligence Software for businesses. It’s a domain specific tool, cutting across industry lines. According to Gartner, the overall annual Global IT spend is $3.8 Trillion, and a tool like Teckost is …

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5 Benefits of Automating Procurement Processes in Your Company

Have you ever watched a busy intersection without functional traffic lights? It’s a perfect manifestation of chaos. Vehicles headed in every direction without any sort of system, flaring tempers, incessant honking, or, worse, accidents. This is pretty much what a procurement process looks like without automated workflows in place. A typical procurement system has plenty …

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83% of B2B Procurement Officers Now Prefer Ecommerce Options, Report Says

Providing a robust ecommerce experience will encourage 83% of procurement officers to spend more when purchasing the supplies they need. This according to the 2018 Avionos Procurement Officer Study. The move to a more ecommerce centric purchasing behavior is going to lead away from the traditional in-person relationships previously seen in B2B. The change is being …

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Why Procurement is a Front Runner to Digital Transformation [Podcast]

Dr. Marcell Vollmer, Chief Digital Officer at SAP Ariba, is the featured guest for this episode of The Social Business Engine podcast. On this episode, Marcell delivers fascinating insights into digital transformation strategies, particularly in the strategic role of procurement in a business. My conversation with Dr. Marcell Vollmer will open your eyes, as it …

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