Dynamic discounting is an early payment process that benefits both ends of the supply chain, i.e., the supplier and the…
March 24, 2022 Read more
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You will have multiple vendors to do business with as a business, and their numbers will grow up as you…
March 22, 2022 Read more
Invoices are slips that tell you who is to be paid and when they expect that payment. Invoices that you…
March 17, 2022 Read more
In the market of today, money and trust are everything. The world runs on money, and people run on trust….
March 15, 2022 Read more
An early bird gets all the worms. In this case, an early buyer gets all the discounts. Discounts are a…
March 11, 2022 Read more
An AP workflow is the heart and soul of a business. The people who manage it, AP clerks, have a…
March 8, 2022 Read more
The pandemic changed a lot of things about the way the world operates. While day-to-day operations became difficult, industries around…
February 23, 2022 Read more
re are times when a vendor goes out of business, which means leaving procurement to get products from someone else. There can be various reasons why a vendor may go out of business, the vendor has cash flow issues. The vendor cannot meet supply demand, the vendor has been hit by a global pandemic.
February 15, 2022 Read more
Making preparations for all kinds of situations entails various procedures to take care of; you need to adjust for both online and offline meetings.
February 11, 2022 Read more
Managing vendors is as important as managing inventory in a business. As a matter of fact, both of these are closely interlinked, considering vendors are the people that help you fill out your inventory. That would be going off on a tangent, though, considering this article is going to talk about the top skills you require to be a cream-of-the-crop vendor manager.
February 9, 2022 Read more