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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Indirect procurement: Definition, process, and examples
Indirect procurement includes goods/services that support operations but aren’t part of what you sell. It differs from direct procurement in purpose & process.
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How to establish a procurement governance framework in 5 steps
Learn how to build a procurement governance framework to improve compliance, streamline processes, and enhance transparency in vendor management.
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Procurement lead time: Definition, formula, and how to reduce it
Procurement lead time is the total time from request to receipt, including approvals, supplier preparation, shipping, and receiving.
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Maverick spending: What it is and how to control it
Maverick spending is purchasing outside approved procurement processes, bypassing contracts and approvals and driving higher costs, risk, and poor visibility.
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Material procurement: Definition, process, steps, and types
Material procurement is the end-to-end process of sourcing, negotiating, ordering, receiving, and paying for the materials and components your business needs.
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Supplier audit: Definition, types, and how to conduct one
A supplier audit evaluates vendors for quality, compliance, and risk. Use it to protect your supply chain and strengthen supplier relationships.
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