- Видео 20
- Просмотров 1 099
The Procurement Life
Добавлен 6 апр 2024
Welcome to The Procurement Life channel !
Explore procurement concepts made easy. Elevate your knowledge and understanding of procurement life with us. Subscribe now!
Explore procurement concepts made easy. Elevate your knowledge and understanding of procurement life with us. Subscribe now!
What Are Roles in ERP? | The Procurement Life
Welcome to The Procurement Life! Today, We're understanding the importance of roles within an ERP system.
What Are Roles in ERP?
Roles in an ERP system are sets of permissions that regulate user access to specific features and functions. They dictate what users can view and execute within the system, ensuring they possess the necessary tools to fulfill their roles effectively.
Why Are Roles Important?
Roles are the backbone of operational efficiency. By assigning the right roles to the right people, organizations ensure smooth workflows and prevent unauthorized access. Imagine the chaos if a purchasing manager couldn't approve orders or an accountant couldn't access financial reports. Roles p...
What Are Roles in ERP?
Roles in an ERP system are sets of permissions that regulate user access to specific features and functions. They dictate what users can view and execute within the system, ensuring they possess the necessary tools to fulfill their roles effectively.
Why Are Roles Important?
Roles are the backbone of operational efficiency. By assigning the right roles to the right people, organizations ensure smooth workflows and prevent unauthorized access. Imagine the chaos if a purchasing manager couldn't approve orders or an accountant couldn't access financial reports. Roles p...
Просмотров: 7
Видео
The different types of Purchase Orders | The Procurement Life
Просмотров 15Месяц назад
Welcome to The Procurement Life! Today, we're discussing the different types of Purchase Orders. 1. Standard Purchase Order: A Standard Purchase Order is for one-time purchases with specific details, including item description, quantity, price, delivery date, and payment terms. It's used when a company needs to buy a specific item or service under clear terms and conditions. 2. Blanket Purchase...
The details of a Purchase Order | The Procurement Life
Просмотров 18Месяц назад
Welcome to The Procurement Life! Today, We're exploring the details of a Purchase Order. A Purchase Order, or PO, is a formal, written document issued by a buyer to a seller. It details the specific products or services to be purchased, the agreed-upon prices, delivery dates, and terms and conditions of the transaction. It acts as a legal offer to buy, which becomes a binding contract once the ...
Understanding Invoice Management in Procurement| The Procurement Life
Просмотров 13Месяц назад
Invoice management in procurement involves handling supplier invoices from receipt to payment. This process includes verifying invoices against purchase orders and goods received, obtaining necessary approvals, processing payments, maintaining records for future reference, and resolving any discrepancies. Effective invoice management ensures timely and accurate payments, supports financial accu...
The essential steps involved in Procurement Risk Management | The Procurement Life
Просмотров 522 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring “step involved in Procurement Risk Management” Here are the key steps involved in procurement risk management: 1. Risk Identification: The first step is to identify potential risks could affect the procurement process. This includes supplier risk, financial risks, legal and compliance risks, quality risks, and any external risks su...
What is the Procurement Risk Management? | The Procurement Life
Просмотров 542 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring “What is the Procurement Risk Management? Procurement risk management is a strategic approach focused on identifying, assessing, mitigating, and monitoring any potential risks that could impact an organization’s procurement process adversely. This approach aims to minimize the negative consequences associated with such risks on an ...
What is the Source-to-Contract (S2C) process? | The Procurement Life
Просмотров 2323 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring “What is the Source-to-Contract process? The Source-to-Contract (S2C) concept refers to the comprehensive set of procurement processes involved in identifying, engaging, and formalizing agreements with suppliers. This strategic approach encompasses all activities from the initial identification of a need for goods or services throu...
What is the Procure-to-Pay (P2P) process? | The Procurement Life
Просмотров 443 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring “What is the Procure-to-Pay process? The Procure-to-Pay (P2P) process, also known as the Purchase-to-Pay cycle, is a specific business operational framework in procurement, encompassing the complete journey from identifying the need for goods and services through to making the payment for these goods and services. It integrates pro...
What is purchasing? | The Procurement Life
Просмотров 523 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring “What is purchasing? And The Purchasing Process. Purchasing is the process of acquiring goods, services, or works from external sources to meet the operational needs of an organization. It involves activities such as identifying requirements, seeking and evaluating potential suppliers, negotiating terms and prices, formalizing agre...
What are Contracts? | The Procurement Life
Просмотров 113 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring "What are Contracts?" and the types of contracts. In procurement, a contract refers to a formal agreement between a buyer and a seller that outlines the terms and conditions for the purchase of goods or services. It specifies details such as the scope of work, pricing, delivery schedule, quality standards, and other relevant terms....
What is Sourcing Event and Types of Sourcing Events | The Procurement Life
Просмотров 494 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring the Concepts of Sourcing Event and Types of Sourcing Events. A sourcing event refers to a structured process initiated by a buying organization to identify, evaluate, and select vendors for the procurement of goods or services. Sourcing events are typically conducted through various methods, including RFx processes, auctions, or di...
What is Sourcing? | The Procurement Life
Просмотров 364 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring Sourcing Concepts in procurement. Sourcing in procurement refers to the process of identifying, evaluating, and selecting supplier that can provide goods or services to an organization in the most efficient, cost-effective, and reliable manner. It is a critical component of supply chain management, aimed at ensuring that the materi...
The concept of “Upstream and Downstream” in procurement | The Procurement Life
Просмотров 534 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring “Upstream and Downstream” concept in procurement. In procurement, the concepts of “Upstream” and “Downstream” refer to different stages and activities in the supply chain, focusing on how goods and materials flow from the initial suppliers to the end customers. These term help in categorizing procurement processes, supplier relatio...
What is procurement process | The Procurement Life
Просмотров 254 месяца назад
Welcome to The Procurement Life channel! Today, we're exploring Procurement Process The procurement process is a series of steps or activities that an organization follows to acquire goods, service, or works from external suppliers or contracts. It involves various stages from identifying the need for procurement to the final delivery and payment for the acquired goods or services. Here are the...
Different types of Procurement | The Procurement Life
Просмотров 984 месяца назад
Different types of Procurement | The Procurement Life
Why Is Procurement Important in Business ? | The Procurement Life
Просмотров 264 месяца назад
Why Is Procurement Important in Business ? | The Procurement Life
What is Procurement? | The Procurement Life
Просмотров 264 месяца назад
What is Procurement? | The Procurement Life