Procol Knowledge Base

Welcome to the Knowledge Bank for Procurement Professionals

22 Most Important Procurement KPIs to Measure in 2024

22 Most Important Procurement KPIs to Measure in 2024

Get an in-depth review of the types of procurement and the KPIs...

Mohit Goyal • April 24, 2024

Here’s How Forward Auction Enhances Your Procurement Process

Here’s How Forward Auction Enhances Your Procurement Process

Learn how forward auction software enhances businesses’ procurement processes to negotiate deals...

Mohit Goyal • April 23, 2024

Strategic Sourcing Software: A Guidebook for Businesses

Strategic Sourcing Software: A Guidebook for Businesses

Check out the best strategic sourcing software and its benefits. Learn how...

Mohit Goyal • April 22, 2024

Know Why Procurement Compliance Is Essential for an Organization

Know Why Procurement Compliance Is Essential for an Organization

Want to know why procurement compliance and sourcing compliance are essential for...

Mohit Goyal • April 18, 2024

End-To-End Guide to Exploring Reverse Auction Software

End-To-End Guide to Exploring Reverse Auction Software

Gain insights into reverse auction software by examining its workflow, types, benefits,...

Mohit Goyal • April 16, 2024

The A-Z of Vendor Management System

The A-Z of Vendor Management System

Gain insights into the importance of a Vendor Management System. Examine benefits,...

Mohit Goyal • April 16, 2024

Ultimate Guide to Benefits of E-Procurement in 2024

Ultimate Guide to Benefits of E-Procurement in 2024

Read on to know about what are the various benefits of E-Procurement,...

Mohit Goyal • April 8, 2024

Why is ERP in Procurement Systems Important for Business Efficiency?

Why is ERP in Procurement Systems Important for Business Efficiency?

Discover how getting an Enterprise Resource Planning or ERP in procurement software...

Mohit Goyal • April 2, 2024

Procurement Contract Management

An efficient procurement contract management system removes complexities and empowers businesses to...

Mohit Goyal • March 28, 2024

Ultimate Guide to Conducting a Procurement Audit in 2024

Conducting a procurement audit or purchase-to-pay audit with an ideal procurement audit...

Mohit Goyal • March 7, 2024

Procurement Contract Types : What You Need to Know

Contract and procurement are concurrent with each other. A procurement contract streamlines...

Mohit Goyal • February 28, 2024

Best Procurement Management Software: Top 13 Picks in 2024

Here’s a list of top 13 procurement management software when embedded into...

Mohit Goyal • February 21, 2024

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