Discounts are an indispensable part of a business that relies on consumer retail and supply chain management. In a supply-chain system, discounts allow the players to incentivize the other party to beat the fierce competition. The discounts are offered based on the...
You may think that your company's unique value proposition (UVP), culture, business processes, technology, and people are pretty clear. But vendors don't always see things the same way you do. They may not comprehend what makes your company special to the world. This...
If you're a business owner, it's important to remain organized and efficient. You want to ensure that your vendors provide the best service possible. But how do you know if your vendors are effective? The best way to measure your vendors is by checking their...
If you're a business owner, the back end of your business is likely the last thing on your mind. But one of the most important aspects of growing your company is how well vendors and suppliers are managed. This is where Vendor Relationship Management (VRM) comes in....
Bringing an accounts payable (AP) conversion project to a satisfactory conclusion can be a simple and gratifying task. The AP team must exhibit powerful, proactive command, as with any successful endeavor, and there must be a considerable threshold of preparedness,...
The accounts payable process is often perceived as a cycle of making payments to vendors and tracking them throughout the month until they are repaid. This is how traditional accounts payables are completed. However, there are many advantages of companies adopting an...