Procurement
Simplify your purchasing process and optimize spending. Get expert insights on strategic sourcing, supplier management, and procure-to-pay best practices.
ArticleWhat is a P-card? Choosing a P-card and how it compares to business credit cards
Mathew Schulz
Procurement Evangelist, Ramp
Latest
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What is a purchase order and how does it work?
A purchase order is a formal document a buyer issues to a seller detailing goods or services, quantities, prices, and payment and delivery terms.
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What is a GPO (group purchasing organization)?
A GPO is a group purchasing organization that combines buyer demand to negotiate lower prices, better terms, and supplier contracts.
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How to create a procurement schedule in 5 steps
A procurement schedule is a detailed timeline of tasks, milestones, dependencies, and risks that maps how goods and services are acquired on time.
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The 7-step procurement process
The procurement process is a 7-step framework for identifying needs, selecting suppliers, issuing purchase orders, receiving goods, and paying vendors.
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Types of procurement: Categories, methods, and examples
Types of procurement are the ways businesses classify how they buy goods and services, including direct, indirect, goods, services, and common sourcing methods.
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Open tender: Definition, process, and when to use it
An open tender is a procurement method where organizations publicly invite all qualified suppliers to bid, promoting transparency, competition and fair pricing.
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