Requisitions VS. Purchase Orders

Purchase RequisitionsWhen defining requisitions and purchase orders, it’s important to know not only how they are different, but what they stand for. Both key documents are used to managed cost within a business or company. They both not only have control over employee and manager spending but also increase the chance of receiving discounts on … Continue reading Requisitions VS. Purchase Orders

Stages of a procurement process

To have an efficient procurement process, there are several steps to take, to have a proactive and efficient requisition. Any types of procurement inefficiencies can cost organizations huge losses in cash, due to delayed purchases, missed discounts, and transaction disputes. All procurement management process involves several elements, including requirements determination, supplier research, value analysis, raising … Continue reading Stages of a procurement process

What is Requisition?

Requisitions or purchases requisitions are forms of documents used when employees or leaders, need to request goods or services from the company. These types of documents are mainly used to inform the department leaders of the order. Once completed, it's passed onto the finance team to coordinate and order the supplies needed. This can range … Continue reading What is Requisition?

Measuring Digital Transformation Success

It’s important to remember that digital transformation does not happen overnight. Once a person starts planning and receiving your results, how would one truly know their success? Without knowing this, it is impossible to make timely changes to improve its success rate. A company’s traditional metrics would include revenue, cost, and customer satisfaction. While this … Continue reading Measuring Digital Transformation Success

Secrets of getting Digital Transformation Right

Digital transformation may sound easy, but when it comes to mastering the process, that’s where most people, organizations, and businesses go wrong. The key to getting digital transformation right, is first, taking customers and data into consideration, and leadership. When this process is done correctly, companies can enjoy the positive benefits of increased market share, … Continue reading Secrets of getting Digital Transformation Right

Benefits of Digital Transformation

The present is continually changing, and the future is unknown. With digital transformation, this is especially true. A digital transformation strategy can be caused for many things like competition, need for new customers, and the rising pressures of expectations from society. But with all of the stress behind digital transformation, it’s safe to say there … Continue reading Benefits of Digital Transformation

What is Digital Transformation

Digital Transformation is the basic concept of how businesses use technology, people, and process to essentially change business performance. To have the best digital transformation, there must be a collaboration between business-focused philosophies and rapid application development models. This process essentially means rethinking how a business uses technology, ideas, and techniques, to fundamentally change their … Continue reading What is Digital Transformation