Procurement and Purchasing

Procurement and Purchasing

Procurement and Purchasing

4 min read

What is the difference between Intake and Procurement Orchestration?

Together, they can address the entire procurement scope of efficiency, risk mitigation, user experience, and broad strategic business alignment. Let’s distinguish between these two concepts.

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What is the difference between Intake and Procurement Orchestration?
Zip Updates

Zip Updates

4 min read

2023 Zip year In review: Expanding our footprint and exploring new horizons

Let’s take a quick stroll through what we accomplished in 2023.

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2023 Zip year In review: Expanding our footprint and exploring new horizons
Zip Updates

Zip Updates

5 min read

The future ahead in 2024: Highlights from Zip Forward

Finance and Procurement teams have found themselves right in the spotlight as the world adapts to rapid technological change.

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The future ahead in 2024: Highlights from Zip Forward
Zip Updates

Zip Updates

4 min read

Introducing Zip Sourcing: Source more to save more with AI-powered RFx

Today we are proud to announce the launch of Zip Sourcing

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Introducing Zip Sourcing: Source more to save more with AI-powered RFx
Procurement policies & procedures: The complete guide

Procurement policies & procedures: The complete guide

Explore key strategies for effective procurement policies and procedures, focusing on risk management and operational efficiency, in this guide.

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Purchase order management guide: Steps & best practices

Purchase order management guide: Steps & best practices

Discover efficient purchase order management strategies to optimize procurement processes, ensuring accuracy and saving time.

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Purchasing specialist job description: Make the right hire

Purchasing specialist job description: Make the right hire

Discover the top responsibilities, qualifications, and skills for a purchasing specialist. Learn how it can improve cost-savings and procurement processes.

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Procure-to-Pay automation: A guide to smooth spending

Procure-to-Pay automation: A guide to smooth spending

See how automation can assist in the accounts payable process, and how procurement solutions like Zip can accelerate your entire procurement team.

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Requisition process in purchasing: Definition & steps

Requisition process in purchasing: Definition & steps

Explore the essentials of the requisition process to enhance your procurement strategy. Learn steps, benefits, and tips for efficient requisition management.

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Procurement risks: How to identify and mitigate them

Procurement risks: How to identify and mitigate them

Discover how to navigate procurement risks effectively. Learn strategies to mitigate potential pitfalls and safeguard your procurement processes.

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Procurement Policy Creation Guide: How, what & why

Procurement Policy Creation Guide: How, what & why

Discover how to create procurement policies and procedures to streamline operations and enhance efficiency.

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What is the cost of procurement? Importance & best practices

What is the cost of procurement? Importance & best practices

Explore what procurement costs are, their impact on businesses, and why managing them is vital for financial health.

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Procurement Process Flow (+ Chart): Essential steps

Procurement Process Flow (+ Chart): Essential steps

Explore the key elements of the procurement process flow, from need identification to payment and record keeping, to streamline your purchasing.

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Top 5 Procurement Best Practices for 2024

Top 5 Procurement Best Practices for 2024

In this article, we’ll explore five forward-looking procurement best practices designed to address common inefficiencies and unleash the potential of modern procurement teams.

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Procurement Manager job description: Make the right hire

Procurement Manager job description: Make the right hire

Explore the pivotal roles and skills of a procurement manager. Utilize this guide to build the perfect job description - and hire the right procurement manager.

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Mastering IT Procurement: A guide to success

Mastering IT Procurement: A guide to success

Discover how to achieve effective IT procurement and align technology investments with your organization's strategic goals for maximum impact.

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The complete guide to Purchase Order tracking

The complete guide to Purchase Order tracking

Discover how to effectively track purchase orders with Zip. Unlock practical strategies to streamline your procurement process, improve visibility, and more.

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How Procurement Orchestration prepares you for SOX compliance and beyond

How Procurement Orchestration prepares you for SOX compliance and beyond

Learn how Procurement Orchestration offers SOX compliance for IPO-ready companies, ensuring transparency, efficiency, and strategic advantage beyond mere regulatory adherence.

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Guide to integrating ERP with P2P

Guide to integrating ERP with P2P

Discover the benefits of integrating ERP with P2P systems and how to plan your integration effectively.

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Complete guide to the full cycle of Accounts Payable process

Complete guide to the full cycle of Accounts Payable process

Discover key steps, best practices and more of the accounts payable process with Zip’s comprehensive guide.

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Women at Zip: Leading with perspective and procuring the future in tech

Women at Zip: Leading with perspective and procuring the future in tech

Discover the inspiring journeys, philosophies, and vision of Zip's women leaders as they redefine tech leadership and procurement innovation, and shape the industry's future.

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What is RFx Software? Benefits and key features

What is RFx Software? Benefits and key features

Learn how RFx software helps businesses manage the entire Request for Proposal (RFP), Request for Information (RFI), and Request for Quote (RFQ) process.

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RFI vs. RFP vs. RFQ: Understanding the key differences

RFI vs. RFP vs. RFQ: Understanding the key differences

tWe take a look at the key differences, applications, and strategic importance of these documents, to offer procurement teams a roadmap to leveraging these tools effectively. 

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How to create a Procurement Management Plan

How to create a Procurement Management Plan

Discover how to create an effective procurement management plan with key steps and strategies with Zip.

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What is Procurement Management? Steps and best practices

What is Procurement Management? Steps and best practices

Explore the vital role procurement management plays in supply chains and learn how to optimize your procurement strategies with this comprehensive guide.

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11 top procurement KPIs to measure and track

11 top procurement KPIs to measure and track

Explore the definition of procurement KPIs, their significance in evaluating performance and results, and practical tips for implementation with Zip.

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What is Centralized Purchasing? Definition, tips, and more

What is Centralized Purchasing? Definition, tips, and more

When it comes to purchasing materials, goods, and services for a business, there are two primary approaches: centralized purchasing and decentralized purchasing.

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What is the difference between Intake and Procurement Orchestration?

What is the difference between Intake and Procurement Orchestration?

Together, they can address the entire procurement scope of efficiency, risk mitigation, user experience, and broad strategic business alignment. Let’s distinguish between these two concepts.

Read more
How to develop a successful procurement strategy

How to develop a successful procurement strategy

A procurement strategy creates a framework that guides all procurement processes. Learn how to create one that creates the most value for your business and its suppliers.

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Guide to the Purchase Order process

Guide to the Purchase Order process

Learn how the purchase order process works, and how your teams can build upon this foundation to accelerate workflows with a procurement orchestration platform Zip.

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An essential guide to understanding procurement contracts

An essential guide to understanding procurement contracts

Learn about the components of a procurement contract, and the best practices for creating comprehensive contracts.

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What is a purchase requisition? Definition, steps, & benefits

What is a purchase requisition? Definition, steps, & benefits

Dive into the world of purchase requisitions and discover how they work and why they matter in the procurement process.

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Purchasing process: Steps and best practices

Purchasing process: Steps and best practices

Discover every step of the purchasing process from definition to best practices with Zip.

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Procure-to-Pay in SAP: Steps, features, & limitations

Procure-to-Pay in SAP: Steps, features, & limitations

This article takes a deep look at the intricacies of SAP's P2P process, highlighting its key steps, useful features, and known limitations.

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Procurement cycle guide: Stages & best practices explained

Procurement cycle guide: Stages & best practices explained

In this guide, we’ll demonstrate the path towards a streamlined procurement process, emphasizing how standardization can ease what can otherwise be an overwhelming task.

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What is procurement automation? A definitive guide

What is procurement automation? A definitive guide

Procurement automation software can help speed up and simplify procurement processes across teams. Modernize your spend controls today.

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33 essential Request For Proposal (RFP) questions to ask vendors

33 essential Request For Proposal (RFP) questions to ask vendors

The right RFP questions can help you assess the vendor's qualifications, experience, and performance. Here's our list of the must-ask questions for every RFP.

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What is Intake-to-Pay (I2P)? Definition, benefits, & process

What is Intake-to-Pay (I2P)? Definition, benefits, & process

Intake-to-pay (I2P) refers to the entire procurement journey, from initial need identification and request to purchase approval, ordering, invoicing, and payment.

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7 procurement trends and predictions for 2024

7 procurement trends and predictions for 2024

We asked leaders at Zip to share their thoughts on the key trends and predictions that will likely impact the procurement landscape over the next 12 months.

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Zip named a top procurement solution by ProcureTech100

Zip named a top procurement solution by ProcureTech100

Zip has been named one of the 2023 ProcureTech100 digital solutions. Discover how Zip is redefining intake management and procurement orchestration for high growth businesses.

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How to choose the right corporate cards for procurement

How to choose the right corporate cards for procurement

Take a look at the various corporate card types available today, and demystify the implications and opportunities for procurement operations within your business workflow.

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What is Netsuite?

What is Netsuite?

Gain a comprehensive understanding of NetSuite as a cloud ERP solution

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Netsuite AP automation

Netsuite AP automation

Explore common bottlenecks in implementing AP automation with NetSuite and how additional tools like Zip can fill the gaps.

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The Procure-to-Pay (P2P) process: Everything you need to know

The Procure-to-Pay (P2P) process: Everything you need to know

Learn everything you need to know about the procure-to-pay (P2P) process, from its steps and benefits to its challenges and solutions. Find out how automation software and intake-to-pay can transform your P2P process and take it to the next level.

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The essential guide to purchase order approvals and workflows at fast-growing companies

The essential guide to purchase order approvals and workflows at fast-growing companies

This comprehensive guide aims to cover everything you need to know about the PO approval process, from its basic definition and importance to PO automation.

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13 account payable best practices for 2023

13 account payable best practices for 2023

This article provides a roadmap of best practices designed for the demands of modern business.

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Guide to mastering the accounts payable audit

Guide to mastering the accounts payable audit

This guide will help you ensure that you are ready for your next accounts payable external or internal audit.

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The complete AP workflow guide

The complete AP workflow guide

Learn essential insights and strategies to streamline your accounts payable processes in this comprehensive AP workflow guide.

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How to create cost-saving procurement workflows (definitive guide)

How to create cost-saving procurement workflows (definitive guide)

In this comprehensive overview, we discuss the importance of procurement workflows, their key components, strategies for streamlining, challenges faced in optimization, and best practices for continuous improvement.

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How to create efficient purchase requisition workflows in 2023

How to create efficient purchase requisition workflows in 2023

This article will delve into why purchase requisition workflows are essential, explore the stages involved, discuss the challenges associated with a manual requisition process, and illustrate what an automated workflow looks like.

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The difference between Procure-to-Pay vs Source-to-Pay

The difference between Procure-to-Pay vs Source-to-Pay

This article aims to dissect the key differences between Procure-to-Pay and Source-to-Pay, providing insights into how each can be leveraged for business advantage for any procurement team.

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The complete guide to procurement automation

The complete guide to procurement automation

This comprehensive guide aims to shed light on what procurement automation is, why it's essential, and how to implement it effectively in your organization.

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ERP trends in 2023: A look at the future of procurement

ERP trends in 2023: A look at the future of procurement

New trends and technologies in 2023 are reshaping the way businesses operate, promising greater efficiency, improved visibility, and better control over various processes.

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Why ERP isn’t enough: A guide for modern procurement teams

Why ERP isn’t enough: A guide for modern procurement teams

Today's procurement requires flexibility, real-time analytics, comprehensive visibility, and a user-centric approach–areas where traditional ERP systems often fall short.

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Purchase Requisition vs Purchase Order: Understanding the difference for a streamlined procurement process

Purchase Requisition vs Purchase Order: Understanding the difference for a streamlined procurement process

We'll explain the difference between these two documents and how their adoption by stakeholders enables improved automation of purchasing workflows.

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Accounts payable automation: 7 transformational benefits

Accounts payable automation: 7 transformational benefits

In this blog post, we will discuss how AP teams and their businesses benefit from using AP automation software and how implementing it as part of your intake-to-pay process can transform your business.

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A guide to successful procurement change management

A guide to successful procurement change management

Procurement change management is a crucial component for organizations seeking to optimize their procurement processes and adapt to evolving market conditions.

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What is “Days Payable Outstanding” (DPO) and how to measure it

What is “Days Payable Outstanding” (DPO) and how to measure it

Days Payable Outstanding (DPO) is a crucial financial metric that measures the average number of days a company takes to pay its suppliers and vendors after receiving an invoice.

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A guide to spend under management

A guide to spend under management

Spend Under Management (SUM) is a crucial procurement metric that measures the percentage of an organization's total spend that is actively managed and optimized by procurement professionals.

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Spend control: What it is and how to optimize it

Spend control: What it is and how to optimize it

This article provides an in-depth exploration of the best and most effective spend control strategies available for today’s businesses.

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Procurement orchestration 101: A guide for procurement leaders

Procurement orchestration 101: A guide for procurement leaders

In this article, we’ll overview some key aspects of procurement orchestration.

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How to modernize procurement for modern business challenges

How to modernize procurement for modern business challenges

Start by evaluating current processes, identifying inefficiencies and potential blind spots, then implement the right procedures to achieve a modern, scalable procurement process.

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What is Coupa used for?

What is Coupa used for?

In this article, we’ll discuss the top capabilities of Coupa, use cases, why companies choose this platform, and the best solutions to optimize your procurement processes.

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What is SAP Ariba used for?

What is SAP Ariba used for?

In this article, we’ll discuss the top features of SAP Ariba, use cases, why companies choose this solution, and the best ways to optimize your procurement right now.

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What is Intake-to-Procure? Definition and benefits

What is Intake-to-Procure? Definition and benefits

Intake-to-procure solutions provide a centralized interface for all stakeholders to request, approve, and collaborate on procurement processes.

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How are centralized & decentralized procurement different?

How are centralized & decentralized procurement different?

In this article, we’ll define each method, examine the pros and cons, explore critical considerations, and discuss automation as the future of procurement.

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Indirect Procurement vs Direct Procurement: What are the key differences?

Indirect Procurement vs Direct Procurement: What are the key differences?

In this article, we'll define procurement, compare direct vs. indirect processes, list key examples, answer your top questions, and talk about the industry's future.

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5 takeaways from the 2023 Trends in B2B Purchasing Research

5 takeaways from the 2023 Trends in B2B Purchasing Research

Dive into five of the key findings from the study

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Procure-to-Pay solutions reduce risk and drive savings amid economic uncertainty

Procure-to-Pay solutions reduce risk and drive savings amid economic uncertainty

Here’s a quick rundown of the Gartner recommendations for modernizing procurement and strategic sourcing applications.

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What is document approval software and how does it work?

What is document approval software and how does it work?

The definition of document approval software, how it works, key benefits of automation, and the best ways to improve your overall process.

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10 game-changing procurement trends for finance teams to carry into 2023

10 game-changing procurement trends for finance teams to carry into 2023

2023 will be a time for organizations to prepare themselves for powerful economic headwinds

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8 steps to grow your procurement process and improve spend efficiency

8 steps to grow your procurement process and improve spend efficiency

The days of driving growth at any cost are over. But when the dust settles, the question remains: how do you drive a new culture that still encourages growth with efficiency?

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Spend visibility and international markets – Have finance processes kept up to international requirements?

Spend visibility and international markets – Have finance processes kept up to international requirements?

Find out how to optimize your procurement process, spend visibility, and procurement software to update your financial operations and compete in global markets.

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