Procol Knowledge Base
Understanding auction bidding strategy in 2025
Read BlogNovember 24, 2025

Last update: November 24, 2025

Procurement stakeholders: identification, engagement & management
When you’re leading a procurement project, you’re responsible for every decision,...

What is spend management? | Importance & best practices
If you’ve ever looked at your company’s monthly expenses and wondered...

Streamline your sourcing process with eRFx software
Organizations are embracing tools for digital procurement, such as eRFx, to...

Vendor risk management (VRM): A complete guide 2025
Vendor risk management is important for creating resilient and effective supply...

What is supply chain risk management (SCRM)? | Definition & steps
In an increasingly interconnected world, organizations rely on smooth supply chain...

Strategic sourcing management software & sourcing solutions: a guide
Learn how strategic sourcing software helps optimize processes, key features and...

Sourcing strategies explained: Types, process, benefits, and examples
Sourcing strategies are important for creating effective, efficient, and resilient supply...

What is third party risk management (TPRM)? | A complete guide
Learn about third party risk management, TPRM assessment, components of the...

Procurement negotiation guide for procurement success in 2025
Learn about the importance of procurement negotiation, key tips & strategies,...











