5 Ways to Accelerate the Purchase Order Approval Process
Introduction Delays in the purchase order approval process often stem not from technology but from how the process itself is structured. Unclear authorization limits, tracking orders through emails or spreadsheets, and managing supplier communication across multiple channels can cause even simple purchasing transactions to wait for days. According to APQC data, the average purchase order […]
How Can Procurement Teams Accelerate the Supplier Onboarding Process?
Introduction Manually managed supplier onboarding processes create hidden operational costs, data inconsistencies, and audit risks. Application flows driven by email and phone communication are not scalable, not traceable, and require manual intervention in SAP. If procurement teams want to accelerate and gain control over this process, they must manage every step—from supplier application to automatic […]
What Is Procurement Compliance?
Compliance, in its broadest sense, means that companies act in accordance with applicable laws and regulations. This concept includes national legislation, obligations imposed by regulatory authorities, as well as internal company policies and guidelines. So, what should we understand when we refer to procurement compliance? Procurement compliance refers to the establishment of processes for managing […]
Best Practices for Successful Supplier Management
Supplier management is a term used to define the processes of selecting and managing suppliers or vendors. For most companies, it is a critically important component of operations, as it has a decisive impact on costs, production, and cash flow. Achieving the best performance from your suppliers while building a stable and long-term relationship creates […]
The Benefits of Automation in Procurement Processes
Artificial intelligence and automation tools stand out as solutions designed to make procurement processes more efficient. Automating procurement supports organizations’ cost-saving goals while contributing to improved supplier performance and shorter sourcing cycles. In this blog post, we explore the key benefits that procurement automation brings to businesses. 1. Digitized Assets Traditional procurement processes are largely […]
7 Steps to Building a Sustainable Supply Chain
Today, more and more companies are taking responsibility not only for the economic outcomes of their operations but also for their social and environmental impact. Sustainability is no longer limited to internal operations; it requires an end-to-end approach that covers the entire lifecycle of products and services. At this point, the supply chain plays a […]
What Is Route Optimization?
Route optimization is the process of planning the order and paths through which vehicles used in distribution or field operations visit designated stops, taking into account operational data such as distance, time, traffic conditions, vehicle capacity, and operational constraints. Rather than focusing solely on finding the shortest distance, this process aims to create the most […]
How to Change the IBAN on the Supplier Card with JetSRM?
A supplier IBAN change…Although it may seem like a simple update, in many organizations this process quickly becomes far more complex and risky than expected. Typically, the information first reaches the procurement team, is then forwarded to accounting, and finally entered into SAP. At this point, the process is often considered complete. In practice, however, […]
What Is AI-Driven Demand Forecasting?
Demand forecasting is a core planning process that directly influences production, procurement, and inventory decisions. Inaccurate demand forecasts can lead to excess stock, stock shortages, and planning misalignments. AI-driven demand forecasting helps reduce these uncertainties by evaluating not only historical data but also current process data and market conditions together. In this approach, historical sales […]
What Are the Advantages of an Order Management System?
Delays at any stage from order placement to delivery do not only result in time and cost losses for companies, but also negatively impact customer satisfaction. In today’s highly competitive business environment, efficient order management has become a strategic necessity. Order management refers to the planning, monitoring, and control of the entire process from order […]