What is Procure to Pay (P2P) Procure to Pay, also known as purchase to pay or “P2P”, is a process that organizations follow when procuring the...
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Nine Steps to Vendor Contract Management
Vendor contract management is an integral part of any solid vendor management program. Vendor contracts require specific handling, and are complex documents that do more...
Appeal To More Buyers, Win More Business
Buyers find that identifying the right supplier may be difficult, and a large number of procurement teams consider this the most challenging component of their job. Choosing...
Onboard New Suppliers Faster and with Less Risk with These Five Supplier Onboarding Tips
Without vendors and suppliers, most businesses wouldn’t be able to function from day to day. Whether suppliers are responsible for raw materials needed to produce finished...
Establish Inclusive Procurement Practices in Four Steps
The sixth and final step to starting your supplier diversity program from scratch is establishing your organization’s inclusive procurement practices. This last step...
Five Steps to Defining Your Supplier Diversity Program
Defining your company’s supplier diversity program is a crucial early step in getting a supplier diversity program started. Establishing guidelines early on creates a clear and concise pathway for stakeholders to follow while letting suppliers and the public know about the scope of your program.
