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For someone new or unfamiliar to procurement and business ordering, the terms "purchase order" and "requisition" (also sometimes called a "purchase requisition" or an "order requisition") can come across as a bit confusing at first. They're both terms that can signify that goods or services need to [...]
It's the enemy your business never knew it had. Considered a pillar of business best practice, how is it possible that the budget, best friend of founding financial principles, could be working against your business? As an unseen foe, the budget acts silently and completely undetected, siphoning the[...]
"Tradogram allows you to determine and set your planning goals, achieve your objectives, and be in absolute control over your procurement processes." This is how FinancesOnline's experienced B2B team described our system in their brand new review[...]
The six-sigma methodology that was originally created by Motorola and made popular by GE, can undoubtedly be applied to sourcing and procurement processes. The real question is how and what to measure?[...]
What is Quality Variation? Quality variation refers to all the recurrent and random changes in the quality of the purchased product or service over a period of time. It is the inconsistent increase and/or decline in quality. Say for instance, you go to a barbershop to get a haircut. There are times [...]
What are the main Key Performance Indicators in the procurement process? It is essential to define the qualitative and the quantitative factors that would be measured to determine whether or not the procurement process in an organization is on track and meeting its objectives. These factors are gene[...]
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