Procol • November 28, 2022
Procol Knowledge Base
Welcome to the Knowledge Bank for Procurement Professionals

Sourcing Management Software: Everything You Need to Know
A sourcing management system allows you to track all aspects of...

Top Reasons Why Your Organisation Needs Contract Management Solution
Streamlining contract management using e-procurement helps organisations improve efficiency and compliance....

Why New-Age Procurement Solutions are Better than Traditional ERP Tools?
In order to keep up with the business-changing pace of today’s...

Top Strategies for Revamping Supplier Relationship Management (SRM)
Multinational organisations can gain a competitive advantage by implementing supplier relationship...

Cost-Effective Strategies to Save Indirect Procurement Spend
To identify important cost drivers, procurement managers must regularly assess their...

How eRFx Contributes to Transparency and Efficiency
An eRFx software facilitates the collection of both qualitative and quantitative...

Food and Beverage Procurement: How can Digital Transformation Help?
Any purchase for a food and beverage company includes preparation, effort,...

Best Practices for Lasting Supplier Relationship Management
Supplier Relationship Management (SRM) is a powerful solution that companies may...

Top 10 KPIs for Successful Spend Analysis
You’ve decided to use procurement software to improve your company’s purchasing...

Role of Spend Analytics in Strategic Sourcing
The strategic planning of the procurement process relies heavily on the...

Utilise a Dedicated Procurement Software to Simplify Sourcing Complexities
A dedicated portal can revolutionise your procurement processes. Here’s how you...

Improving Spend Visibility with AI-Driven Classification of Commodities
AI-driven commodity classification helps classify transactions against their correct value. Ever...