Purchasing & Accounts Payable Glossary

A Request for Quotation or quote is the process of requesting a vendor to quote the price for a product or service that you are looking to purchase. Read More

Requisition management, in simple terms, is the process of managing requests for the purchase of goods or services within an organization.Read More

A resilient supply chain is characterized by its ability to adapt to unforeseen disruptions, whether they arise from natural disasters, geopolitical tensions, or economic shifts. Read More

Risk management in procurement is a critical aspect of any business operation that involves the sourcing and purchasing of goods and services. Read More