Procol Knowledge Base

Welcome to the Knowledge Bank for Procurement Professionals

Procurement Cycle: 17 Steps to an Ideal Procurement Process

17 steps to an efficient procurement lifecycle are significant in understanding the...

Mohit Goyal • February 12, 2024

Direct Procurement Vs Indirect Procurement: Unlocking the Difference

Direct Procurement Vs Indirect Procurement: Unlocking the Difference

Direct vs indirect procurement and direct vs indirect sourcing solve for different...

Mohit Goyal • February 8, 2024

RFQ Software: Transforming Procurement for the Digital Age

Enhance your procurement strategy with RFQ software. From enhanced collaboration to streamlined...

Mohit Goyal • February 2, 2024

Procurement vs Sourcing: End-to-end Guide

Procurement vs Sourcing in supply chain management are terms often used interchangeably....

Mohit Goyal • January 31, 2024

Your Ultimate Guide to Choosing the Best RFP Software

Looking for the best request for proposal (RFP) software? Choose from the...

Mohit Goyal • January 3, 2024

Best E Sourcing Tools: Top 10 E-sourcing Softwares in 2024

Discover top 10 e-sourcing tools and esourcing platforms necessary for efficient procurement....

Mohit Goyal • December 27, 2023

Supplier Performance Management: What Is It & How To Do It?

Optimize operations with strategic supplier performance management. Explore best practices, benefits, and...

Mohit Goyal • December 13, 2023

Tail Spend Management: What is it and how to manage it?

Enhance visibility, streamline processes, conduct thorough tail spend analysis, and maximize savings...

Mohit Goyal • December 6, 2023

eAuctions in India: The story of efficiency and speed

Discover the game-changing impact of e-auctions in India. Understand the challenges of...

Mohit Goyal • November 30, 2023

Purchase Order Process: A Definitive Guide to Streamlining Procurement

Everything you need to know about the purchase order process, also known...

Mohit Goyal • November 22, 2023

How to Measure Procurement Performance?

How to Measure Procurement Performance?

The constant evolution of business dynamics puts a constant pressure on procurement...

Mohit Goyal • February 27, 2023

Sourcing Management Software: Everything You Need to Know

A sourcing management system allows you to track all aspects of your...

Mohit Goyal • November 28, 2022

Trusted by leading procurement teams across the globe

Get a Free Demo