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Top 5 Procurement Best Practices for 2024

WebHere are the 5 best practices we see becoming ever-more important throughout this year. 1. Emphasizing sustainable procurement. Amid increasing global …

Actived: 4 days ago

URL: https://ziphq.com/blog/top-5-procurement-best-practices-for-2024

Zip Customer Stories

WebUser experience is at forefront of everything we do. We partner closely with our customers to learn about their needs and build products that exceed their expectations. "Zip has …

Category: Health Go Health

Vendor management: Top strategies for procurement teams

WebConducting Quarterly Business Reviews (QBRs): Regularly reviewing vendor performance and the health of the relationship. Monitoring compliance and maintaining …

Category: Health Go Health

Signal shift: how CFO priorities are changing through 2023

WebHere's how CFOs are navigating a volatile 2023, juggling everything from balance sheet health to treasury strategy and automation. Photo by Jp Valery / …

Category: Health Go Health

Building On-Call Culture at Zip

WebWe quantified the ideal state with metrics and brought visibility into system health and on-call impact. We enabled on-call engineers to effectively do their work with …

Category: Health Go Health

Procurement contracts demystified: Your must-read guide

WebAn effectively crafted procurement contract goes beyond mere transactional agreements, embedding itself into the fabric of a company's operational efficiency and …

Category: Health Go Health

Complete guide to the full cycle of Accounts Payable process

WebThe full cycle of accounts payable is an accounting process in which businesses manage and track payments made to suppliers for goods and services from …

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Spend control: What it is and how to optimize it

WebSpend control is a strategy used by organizations to ensure their capital deployments are optimized. It helps businesses set budgets, plan ahead, track …

Category: Health Go Health

Build vs. Buy Software: A Guide for Finance and Procurement

WebWhen evaluating a build vs buy decision for software, you need to approach the problem in terms of costs. There are, of course, real hard costs that you can …

Category: Course Go Health

Navigating Procure-to-Pay vs Source-to-Pay: Key differences

WebChoosing the right procurement approach can significantly impact an organization's financial health, operational efficiency, and competitive edge. Therefore, …

Category: Health Go Health

Purchase order approvals & workflows for growing companies

WebA Purchase Order Approval is a critical step within the procurement process in which a purchase order undergoes formal review and validation before it is sent to the …

Category: Health Go Health

Perfect the procurement cycle: Stages & strategies explained

WebThe procurement cycle is the backbone of any business's operational and financial health, especially if trends in the market continue. In 2023, the Hackett Group …

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What is “Days Payable Outstanding” (DPO) and how to measure it

WebApril 7, 2023. Updated: March 19, 2024. Days Payable Outstanding (DPO) is a crucial financial metric that measures the average number of days a company takes to pay its …

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Purchasing process simplified: Best practices for success

WebLet's delve into the nine essential steps of the purchasing process. 1. Define the Need. The purchasing process begins when an organization identifies a need for …

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3 ways to future-proof your NetSuite implementation

Web2. Unlock agility with no-code workflows. While NetSuite expertly manages and reports accounting and financial data, the evolution of businesses and the decentralization of …

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RFI vs. RFP vs. RFQ: Understanding the key differences

WebAn RFQ (sometimes either called 'Request for Quotation’, or more simply ‘Request for Quote’) is a document used to solicit bids from vendors, primarily focusing …

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The ultimate AP Workflow guide: From 101 to expert

WebKey Takeaways: Efficiency and accuracy: A well-implemented AP workflow reduces delays and errors, ensuring smooth cash flow and strong vendor relations. …

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33 essential RFP questions to ask vendors & suppliers

Web33 essential Request For Proposal (RFP) questions to ask vendors. The Request for Proposal (RFP) is a critical tool in strategic sourcing. Working through a …

Category: Health Go Health

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