Monday, 19 January 2015

Significance of Contract Management

Authored by Fahad Amjad

Contract management is a way of managing contracts with complete documented process which enables to manage different kinds of contracts. Which includes the terms, negotiation, payment terms, clauses, complete work flow and their renewal factors. 

Monday, 12 January 2015

Role of e-Invoice in Procurement Cycle

Authored by  Junaid Khan 

Now a day’s many SME’s are becoming a part of global economy and this is the reason behind the rapid growth of ERP systems. Electronic invoicing system is one of the core functionalities of supply chain systems. Millions of invoices are exchanged between buyers and suppliers every year and many researches show that most of these invoices are in paper or in email format which maximize the work load of buyer payable department which results the sufficient increase of day sales outstanding of suppliers. On other side those supplier who submit the e-Invoice to the buyer organizations get paid faster and experience less payment issues from keying errors in the buyers account payable department.

Thursday, 8 January 2015

4 Critical Areas for Business Cost Effectiveness Analysis

Authored by Usama Shahid

Cost effectiveness analysis starts by accepting that there may be room to improve your current practices. Enterprises have four core areas where a review of processes can yield substantial changes to the organizations overall cost effectiveness strategies;

Monday, 5 January 2015

Adopting an Electronic Procurement Process

Authored by  Junaid Khan 

eProcurement is B2B or B2C or B2G procurement of products or services through an automated electronic platform such as internet or any other ERP system. eProcurement allows qualified vendors to submit their online technical and commercial responses against the different requirements of buyer organization. eProcurement is a real value addition of eCommerce solutions which not only facilitate but also integrate and streamline the whole procurement process. 

Thursday, 1 January 2015

English Auction

Authored by Fahad Amjad

Auction is a way or a activity of buying and selling of different goods and services through different bidding process. There are different types of auctions which are used for the buying and selling purpose of goods and services.