The ‘No PO No Pay’ Policy – Meaning and How to Implement It
The purchase order (commonly abbreviated as PO) is at the heart of every company’s procurement process. The no purchase order […]
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Purchase Orders vs Requisitions – What’s the difference?
For someone new or unfamiliar to procurement and business ordering, the terms “purchase orders” and “requisitions” (also sometimes called “purchase […]
Good Budget vs Bad Budget
It’s the enemy your business never knew it had. Considered a pillar of business best practice, how is it possible […]
The Top 6 Warnings Signs of Unethical Suppliers
“Dearest Wolf Fur Coat SuppliesTM, what high prices you have!” “All the better to deliver you a quality product, my sweet […]
Contracts vs Purchase Orders
If you ever want to flip a coin about a certain topic, just consider purchasing from a Contract versus issuing a […]
Keep Your Eyes on What You Buy: Part 4 – Improving Efficiency & Effectiveness
In our last post, we talked about measuring efficiency across four major factors in procurement – quality, price, delivery and […]
Keep Your Eyes on What You Buy: Part 3 – Measuring Efficiency
As we discussed in our last post, there are four key factors that should be kept in mind when negotiating […]
