Authoradmin

Realizing the value of E- procurement

We have witnessed how the Coronavirus pandemic has wreaked havoc on businesses by disrupting major supply chains which have led to scores of problems for businesses by upsetting the supply-demand balance resulting in deliveries getting delayed, and improper inventories which eventually results in rising in prices  Procurement is a hands-on function and probably the most underrated and the...

Importance of analytics and data in procurement

Businesses, a decade ago were usually plagued with high procurement costs and overall inefficiency which added to their operational costs. Analysis wasn’t a concept that had gathered the kind of traction it has today and companies have realized that analyzing their spending predominantly on procurement has far-reaching benefits and provides insights on suppliers about their reliability which is a...

Top 20 Electrical Cable Manufacturers and Suppliers in India

When it comes to lighting or powering the world with energy, electric cables play a critical role. They are the sole way to move power from one location to another. Cable makers all across the world are working hard to meet the growing demand for high-quality cables that can safely and reliably power the planet. Cable firms’ revenue has grown at a CAGR of 14-15 per cent over the last 15...

What is the Procure-to-Pay cycle?

Purchase-to-pay / procure-to-pay / source-to-pay / source-to-pay these words might confuse you when the time comes to conduct your business. However, don’t get them mixed up because they aren’t interchangeable. Recognizing each concept and the actions involved with each process can make your procurement efforts a lot easier. In this article, we’ll walk over the procure-to-pay...

How can an e- Procurement platform like Pakka Business be the biggest asset to a company?

B2B procurement refers to a company’s interactions with other businesses. Due to its massive magnitude, the sales cost a great deal of money and time. But with an ever-increasing sale, businessmen have noticed there are way too few platforms that can provide the services to conduct an easy-flowing business. So it’s not an overstatement to say that an e-Procurement platform like Pakka...

Differences between Sourcing and Procurement. What separates the two?

Procurement and sourcing are two closely related operations that are frequently used alternatively. But, just as with twins, even though they appear and sound-alike doesn’t mean they’re identical. However, in the corporate world, we need to have a clear understanding of how these two concepts vary and also how procurement technology may help. Both are intertwined and play an important...

Best Sourcing and E-Procurement Software for EPC companies

A cloud-based platform that helps EPC companies procure at the best available rates. Pakka business helps create, track, store and access all procurement-related documents on the go. 80% of an EPC companies’ expenses are towards procurement due to the kind of projects they execute which are very capital intensive, hence it’s vital that EPC companies automate their procurement to procure at...

5 reasons why you should choose a B2B Portal right now and save you up to 20% in procurement.

With the world now almost completely digitalized, your buyers, vendors, and distribution partners all now expect to be able to conduct business with you electronically. Even though establishing personal interactions and relationships in the old ‘customer support’ days is still crucial, nowadays people like the option to do their own research on products and make B2B purchases...

Top 5 Reasons how digitizing procurement helps the overall business efficiency

Procurement experts are under increased pressure to reduce costs, ensure supply chain stability, and adopt more flexible purchasing strategies as technology allows them to streamline procedures and gain better data inputs. Procurement has been lagging behind in the technological age, particularly for enterprises in underdeveloped countries. Automating the entire supply chain process will help...

Latest technological trends in procurement for enabling growth

A shift from manual paper-based procurement to e-procurement has worked wonders as process automation has led to substantial gains for businesses such as increased profit margins, greater productivity, higher transaction transparency & accountability, and greater cost-effectiveness throughout procurement and supply chain process. In recent times there has been increasing use of advanced...