Procol Knowledge Base

Welcome to the Knowledge Bank for Procurement Professionals

Ways to Improve ROI for Source-to-Contract Process

For better S2C ROI, organisations must implement a procurement system. Procol’s procurement...

Mohit Goyal • October 6, 2022

What Must CFOs Expect From a Contract Management System?

The increasing complexity and fragmentation of contract management systems have made the...

Mohit Goyal • October 6, 2022

How Procurement Transformation Can Improve Food and Beverage Sourcing?

A deeper understanding of strategic sourcing is essential to tackle the challenges...

Mohit Goyal • October 6, 2022

Top 10 KPIs for Successful Spend Analysis

You’ve decided to use procurement software to improve your company’s purchasing and...

Mohit Goyal • September 28, 2022

Role of Spend Analytics in Strategic Sourcing

The strategic planning of the procurement process relies heavily on the data...

Mohit Goyal • September 28, 2022

7 Ways You Can Ensure Efficiency In Spend Management

Spend management is an approach to business spending that guarantees procurement and...

Mohit Goyal • September 28, 2022

Transition to Sustainable Procurement in Five Simple Steps

E-procurement is the future. You can achieve a successful and sustainable procurement...

Mohit Goyal • September 26, 2022

Utilise a Dedicated Procurement Software to Simplify Sourcing Complexities

A dedicated portal can revolutionise your procurement processes. Here’s how you can...

Mohit Goyal • September 26, 2022

Intelligent Spend Management – Level Up Your Game to Minimise Complexities

Supply chain and procurement executives are expected to contribute to funding innovation...

Mohit Goyal • September 26, 2022

Implement Best Practices for End-to-End Contract Management

Despite the pandemic triggering a dramatic shift in business, contract management has...

Mohit Goyal • September 26, 2022

Direct vs Indirect Procurement: How Stakeholders can Revamp Procurement Strategies

Direct vs Indirect Procurement: How Stakeholders can Revamp Procurement Strategies

Every procurement in a company is divided into direct and indirect procurement....

Mohit Goyal • September 21, 2022

A Comprehensive Guide to Smart Vendor Management

A Comprehensive Guide to Smart Vendor Management

Vendor management is extremely important for companies to nurture good supplier relationships,...

Mohit Goyal • August 31, 2022

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