March 2024
Did you know March is National Procurement Month? Take time to give thanks to the purchasing professionals in your life working to make life a little easier for everyone. Below you’ll find some tips and best practices for simplifying your procurement process while improving cost efficiency.?
In this edition:
Read time: 6 minutes
Resource Spotlight ??
Procurement Key Performance Indicator (KPI) Tracking Template
Procurement teams regularly tracking their most important KPIs often see numerous benefits like better visibility, stronger efficiency, uncovering cost savings opportunities, and improved supplier relationships.?
With the right tool, teams can monitor the most essential procurement numbers, compare goals to actual, and consider year-over-year progress.??
Download the Free Tool: Procurement KPI Tracking Template and transform your procurement team into a value-creation center for the organization.
In the News…
Teaming up ??: Order.co and Green Check team up to revolutionize procurement for cannabis operators. Read the press release here.?
Heard of procurement saints? Discover the shared qualities of the people behind effective procurement functions and how to incentivize your procurement team to treat people well.?
Procurement software will become a necessity for your business faster than you think. Check out this quick guide on features to look for in a tool and training for your team to make onboarding a breeze.
领英推荐
Effective sourcing strategies can improve your margin. ?? Find out how operational discipline and sourcing improvements helped raise Gap Inc.’s profitability.?
Applying Agile Procurement Principles for Increased Efficiency: Eliminates documentation-heavy, slow processes that drag down project completion speeds with agile procurement methods. It helps your procurement team deliver more favorable results faster.
Success Stories
Discover how The Travel Agency streamlined payments and improves spend visibility: “If you’re looking for a purchasing and payment solution, I have not found one as robust as Order.co.”
Jesse Tolz, VP of Marketing, The Travel Agency
That’s it for this month!
The Order.co team was in Boston March 22-23 at the New England Cannabis Convention! It was great to meet new friends and see familiar faces.?
We’re excited to be hitting the road this year and want to hear from you….Is your business attending industry events this year? Let us know!
Here’s to the procurement saints out there - we hope this edition helps you modernize and standardize your procurement function. Let’s make procurement a simple, stress-free process for everyone.
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