Advancing SRM | Stop Managing Suppliers. Start Leveraging Partnerships.
Most organisations don’t have a supplier relationship management strategy.
They have supplier management. Which is essentially crisis response with a cost code attached.
The Procurement Process
Procurement.
The word alone can make eyes glaze over faster than you can say “request for quotation”.
But here’s the thing – done well, procurement isn’t just about buying stuff. It’s about strategy, influence, and making your business look way more organised than it sometimes is.
Procurement & Purchasing What’s The Real Difference
You’ve probably heard people use “procurement” and “purchasing” like they’re interchangeable.
They’re not.
One is about strategy, negotiation, and setting your business up to win. The other is about… well… buying stuff.
And yes, you need both — but confusing them can cost you money, time, and more sanity than you can spare.
Spend Analytics | The Hidden Power Behind Procurement Success
Ever wonder how a company keeps its finances lean and mean, avoids waste, and negotiates killer deals with suppliers?
Welcome to the world of spend analytics – the not-so-secret weapon that transforms procurement from routine admin into a strategic powerhouse.
So …. What Is Procurement Anyway?
Why start my blog series with this topic? Simple: While setting up Procure-IQ, I was asked at least once a day, ‘What exactly is procurement?’ What do you even do?
