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 purchasing card (P-card) and how does it work?
Mathew Schulz
Procurement Evangelist, Ramp
Latest
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What is a group purchasing organization (GPO)?
A group purchasing organization (GPO) pools demand from many buyers to negotiate lower supplier prices and standard contracts, funded mostly by vendor fees.
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Guided buying in procurement: What it is and how it works
Guided buying steers employees to approved suppliers and negotiated pricing through a purchasing portal that enforces policy and routes approvals automatically.
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What is cognitive procurement? A guide for finance teams
Cognitive procurement uses AI to read requests, contracts, and vendor data, so your finance team can approve spend faster without extra headcount.
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Source to settle: What it is and how it works
Source to settle is the end-to-end procurement framework covering the full vendor lifecycle, from supplier sourcing and contracts through invoices and payment.
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Direct vs. indirect procurement: Differences explained
Direct procurement buys the materials that go into the product you sell, while indirect procurement buys the goods and services that keep the business running.
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Construction procurement process: Methods, steps, and risks
Delivery method determines who carries risk and when a builder can order long-lead gear. Late orders and unapproved spend inflate cost and delay schedules.