Image: citynmb.com "FEDERAL NEWS NETWORK" "The U.S. government in fiscal 2018 spent more than $1 trillion. On average, anywhere from 30-to-40% of this goes toward purchasing something. There is no question that various public procurement entities are evaluating the technology they use to streamline processes, get visibility into their data, collaborate with their suppliers, manage…

Procurement management software offers better visibility and with cross functional access among to organizations, increase in need for effective demand and supply management solutions, significant surge in need to improve supply chain visibility and the desire for better transparency of orders and shipment information drive the growth of the global procurement-as-a-service market.

Effective procurement and contract management is highly important. But what is procurement and contract management? Do you know why it is important?

While strategic sourcing might be a more complex and time-consuming way to obtain goods, supplies, and services, the long-term benefits are undeniable.

Nowadays, businesses are seeing procurement as one step in a large view. So, let us learn what is procurement in detail in this post.

What's the difference between procurement vs purchasing? one focuses on strategic sourcing while the other handles transactional functions. Dive into their roles.

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