Procurement and Supply Chain Blog

Keep Your Finger on the Pulse of Procurement
Virtual CardBlog
October 13, 2020

5 Reasons Why Virtual Cards Are The Future of B2B Spending

Virtual cards offer added safety, reduced costs, reduced waste, boosted cash back, unprecedented spend visibility, and instant reconciliation. That’s why we partnered with Ramp to bring our customers all of…
PE AnalyticsBlog
October 12, 2020

Spend Analytics At The Private Equity Level Are Critical To Future Success

Keeping spend analysis at the portfolio company level results in data silos, missed savings opportunities, decreased negotiating power, increased compliance risks, and a negatively impacted valuation and EBITDA figures at…
Private EquityBlog
October 12, 2020

Capture And Enforce Savings With A Central Private Equity Level Procurement Marketplace

A private equity level procurement marketplace such as Premikati’s PE Marketplace allows firms to maximize on savings utilizing group purchasing power and then enforce those negotiated rates to ensure savings…
Private EquityBlog
October 12, 2020

Private Equity Firms Gain Quick Wins With Optimized Sourcing

Sourcing at the private equity level offers maximized savings via leveraged buying power, the ability to standardize processes and best practices, increase spend visibility and analysis capacities, and improve valuation…
Contract ManagementBlog
October 5, 2020

5 Ways Legal Teams Gain A Boost From Contract Management Software

Navigating procurement contracts as a legal professional and feel like walking through a minefield, especially if your company is still relying on outdated procurement practices. A good, digital contract management…
Blog
October 5, 2020

Contract Management Software Boosts Quick Wins for Procurement Teams

Contracts are the heart and soul of procurement operations. Even a few outdated processes can slow down your team and impact supplier relationships. A modern contract management system, however, can…
procurement spokes of the wheelUncategorized
October 2, 2020

The Spokes in the Wheel of Procurement

So many things have changed in 2020, what a year! But, what matters most is ensuring the spokes of your procurement wheels are all there. It really comes down to…
Premikati Contract ManagementUncategorized
September 4, 2020

Contract Management for CFOs

7 Ways Financial Departments Benefit From A Modern Contract Management System   Finance and procurement go together like peanut butter and jelly. Procurement teams must have both time and funds…
Group Purchasing Organization Premikati MarketplaceBlog
July 12, 2020

Leverage Group Purchasing Organizations for Your Business

When you talk about Group Purchasing Organizations (GPOs) for improving cost savings, the most strategic way this is done is through indirect spend. For example, an organization’s expenditures that are…
CFO Spend Visibility in ProcurementBlog
July 12, 2020

3 Ways for CFOs to Increase Spend Visibility

Summary: Premikati Marketplace bolsters the efforts of CFOs by offering an easy-to-use consumer-style B2B purchasing platform with deep, enterprise-grade spend controls and analysis tools. Premikati offers trusted suppliers with steep…
Premikati Marketplace best Procurement Software for SMBsBlog
July 12, 2020

Don’t Let These 8 Things Happen To Your Procurement Team

Is your purchasing software pulling its weight? Poorly executed purchasing platforms not only cost you time and money, they put your company at legal and reputational risk. If any of…
socially conscious supply chainBlog
June 26, 2020

How to Build a Socially Conscious Supply Chain

There was a time when the socially conscious supply chain was more of a side dish, or perhaps icing on the cake so to speak. For instance, after profits were…
outsourcingBlog
June 18, 2020

All You Need to Know About Impact Sourcing

There isn’t any question that inclusive corporate practices and business shared values have been highlighted in recent years as customers increase their search for companies who induce rich social impact…
Premikati Procurement SoftwareBlog
June 9, 2020

Picking the Right Technology Partner

Not all technology partners are created equal. The best run companies attract and retain top-notch talent and the on-staff management team knows how to see a project through to success.…
supplier and buyer teamworkBlog
May 31, 2020

A Day in the Life of a Supplier

The recent COVID-19 pandemic has shined a light on getting back to the fundamentals within the supply chain. It’s really all about agility and alignment with evolving customer demands. Now,…
Organized Contract ManagementBlog
May 13, 2020

5 Reasons You Need a Real Contract Management System

Are you still using Sharepoint or similar software for contract management? You may be putting your business at risk and losing a lot of time and credibility in the process.…
Procure to Pay PremikatiBlog
May 12, 2020

A Day in the Life in the Procure to Pay Cycle

Even with advanced solutions available, many businesses still try to make do with their legacy systems - and manual tools -  when managing their procure-to pay process. Even if work…
Ariba Snap procurementBlog
May 5, 2020

Procurement Lessons in the Midst of a Pandemic

As the COVID-19 pandemic spread throughout the world, supply chains and procurement saw their traditional modeling around price negotiations, contract compliance, and cost control become overwhelmed with unprecedented challenges. Through…
Future Proof your Supply ChainBlog
April 28, 2020

Future Proof your Supply Chain

Future Proof Your Supply Chain Over the past two months, every government and healthcare facility around the world has worked tirelessly to learn more about COVID-19, to treat afflicted patients…
Virtual workforceBlog
April 21, 2020

How To Thrive While Transitioning To A Virtual Workforce

How To Thrive While Transitioning To A Virtual Workforce Summary: Many people are working from home during the coronavirus pandemic. New remote workers and businesses can help foster success by…
Streamline procurementBlog
April 13, 2020

How to Streamline your Procurement Processes During a Pandemic

Procurement Processes and a Pandemic   Within our modern era of globalization, and inter-woven supply chains, the coronavirus pandemic is presenting an unforeseen set of challenges to address. The state…
BPO for SMBBlog
March 10, 2020

Procurement BPO for SMBs

SMBs Can Leverage BPO to Improve Procurement As important as the procurement function is for companies to purchase the products and services they need in a compliant, cost-effective way, many…
spend sievesBlog
March 3, 2020

Eliminate Spend Sieves

Eliminate Spend Sieves with a Three-Way Match   Your business is dynamic and fast paced, and you want to be on the move, getting the real work done. In this…
procurement automation for smbsBlog
February 18, 2020

Procurement Automation: Best Bet for Growth for SMBs

Procurement Automation: Your Best Bet for Growth Is there a way to optimize your procurement processes without having to make a massive investment in IT? Can you eliminate manual processes…
procurement continuing educationBlog
February 11, 2020

Continuing Education Resources for Procurement Professionals

5 Continuing Education Resources for Procurement Professionals For procurement professionals to get ahead in their careers and help their companies succeed, continuing education can play a key role. From formal…
environmental social and governanceBlog
January 21, 2020

ESG and Your Supply Chain

Why You Should Incorporate ESG Into Your Supply Chain   Companies that incorporate environmental, social and governance (ESG) factors into business practices can not only create more ethical companies that…
future of product shippingBlog
January 10, 2020

Product Shipping and Procurement

The New Era of Product Shipping With the rise of e-commerce has come increased expectations around delivery service, including in both the consumer and B2B worlds. When a consumer buys…
cut procurement costs Premikati marketplaceBlog
December 31, 2019

Cut Procurement Costs – Not Quality

A New Year's Resolution to Cut Procurement Costs, Not Quality   Many people take on personal new year’s resolutions such as to lose weight, but what’s often more important than…
holiday gifts for suppliersBlog
December 23, 2019

Top 4 Best Holiday Gifts for Suppliers 

Top 4 Best Holiday Gifts for Suppliers  We’ve talked before about the importance of nurturing good relationships with your suppliers in the past. During the festive season, why not reach…
Procurement Analytics and Rogue SpendBlog
September 12, 2019

Procurement Analytics and Rogue Spend

Summary: Rogue spend—unmanaged spend—puts businesses at risk of noncompliance, creates unpredictable budgets, reduces forecasting accuracy and completeness, and overall reduces business profits. By using spend analytics, rogue spend can more…
Premikati SAP Gold PartnerBlog
September 12, 2019

Premikati, Inc. Announced as SAP Ariba Gold Partner

We are pleased to announce that Premikati, Inc. has achieved the next program level in the SAP PartnerEdge Program and we are now a “Gold” Partner due to the successful…
SAP intelligent spend managementBlog
September 12, 2019

Intelligent Spend Management

Premikati’s COO and General Counsel Chad Buchanan talks about the challenges that companies in the mid market face and their unique approach to intelligent spend management utilizing SAP Ariba technology.
5 Frustrations Procurement Professionals Will UnderstandBlog
September 12, 2019

Five Frustrations Procurement Professionals Will Understand

Every profession comes with its frustrations, but procurement comes with its own very specific set. If you’ve been in the business for more than a minute, you’ve probably wanted to…
Best Practices to Open the Silo Between Accounts Payable and ProcurementBlog
September 12, 2019

3 Best Practices to Open the Silo Between Accounts Payable and Procurement

Summary: Accounts payable and procurement work hand in hand, although many departments remain uninformed about the goals, metrics, decisions, and communications of the other. Businesses can breach data silos among…
top 3 procurement strategies for SMBsBlog
September 12, 2019

Top Three Procurement Strategies for SMBs

For SMBs, procurement can be the largest area of spending, often representing 50 percent of sales revenue. For companies looking to send value to the bottom line rather than take…
Top 6 Ways to Engage Sustainable Sourcing for SMBsBlog
September 12, 2019

Top 6 Ways to Engage Sustainable Sourcing for SMBs

Summary: Sustainable sourcing has become a consumer and investor expectation which impacts businesses not only morally and ethically, but alters customer loyalty, price point, risk level, and more. Because SMBs…
tips for midmarket procurement prosBlog
September 12, 2019

The Art of Simplicity and other Tips for MidMarket Procurement Pros

Maribel Lopez talks with Marisol Buczynski Buchanon of Premikati on opportunities for MidMarket to take a leadership role in procurement.
intelligent spend managementBlog
September 12, 2019

What is Intelligent Spend Management?

Intelligent Spend Management: Why it Exists, and Why you Need it Between global sourcing initiatives, product lifecycle management, supplier diversity milestones and more, the procurement operation in any sizable company…
the SMB digital transformation challengeBlog
September 12, 2019

The SMB Digital Transformation Challenge

The SMB Digital Transformation Challenge: Why SMBs Have Typically Been Digital Laggards in Procurement While essentially every company could benefit from digital transformation — whereby they adopt digital technologies and processes…
supplier diversityBlog
September 12, 2019

Supplier Diversity: How it Improves Business, and How it Works

Supplier Diversity: How it Improves Business, and How it Works Diverse spend is an ongoing goal for companies large and small alike. For government contractors and their subcontractors along the…
Digital Transformation in Small and Medium Sized BusinessesBlog
September 12, 2019

Digital Transformation in Small and Medium Sized Businesses

SMBs and Digital Transformation: Is Your Company a Laggard or a Front Runner? SMBs have long been seen as being “behind the curve” in terms of transformative businesses processes. This…
Premikati and SAP Ariba Deliver Enterprise-class Procurement for SMBsBlog
September 12, 2019

Premikati and SAP Ariba Deliver Enterprise-class Procurement for SMBs

For small and medium-sized businesses (SMBs), shrewd spending decisions can mean the difference between failure and success. But many lack the systems and staff to make procurement a mission-critical priority.…
Premikati and SAP improve the lives of studentsBlog
September 12, 2019

SAP and Premikati Improve the Lives of Students

SAP Ariba silver partner Premikati recently completed a project that provides students, parents, and schools in Florida with much-improved access to services and financial support through the Step Up for Students (SUFS)…
SAP Ariba SNAP! FAQsBlog
September 12, 2019

SAP Ariba Snap Frequently Asked Questions

As one of only eight companies in North America that have the ability to implement SAP Ariba Snap solution that is targeted at mid-market companies, we at Premikati, Inc. have…
Ariba Snap procurement implementationBlog
September 12, 2019

Procurement with a Purpose – SNAP! Implementation

Marisol Buchanan, CEO of Premikati, Inc., had the pleasure to speak in NYC at SAP Ariba’s Business with a Purpose Summit – along with Step Up for Students (SUFS) COO,…
NSBA partnersBlog
September 12, 2019

CEO of Premikati Named to National Small Business Association Leadership Council

Marisol Buchanan, CEO of Premikati, located in Indianapolis, IN was recently named to the National Small Business Association (NSBA) Leadership Council. NSBA is the nation’s oldest small-business advocacy organization, and…
SAP Ariba Buying and Invoicing TipsBlog
September 12, 2019

SAP Ariba Buying and Invoicing Tips

Having been an SAP Ariba customer, employee, and now SAP Ariba BPO partner, I have seen many of the pain points of the implementation of this module. Granted, this list…
Contract management from Ariba for $30KBlog
September 12, 2019

Contract Management from Ariba for $30K?

When a company decides it has a need for a Contract Management software, the first step is generally to send out an RFI/RFP. A number of weeks and many pages of responses…
SAP silver partnerBlog
September 12, 2019

Changing the Game in Education with Step Up for Students and SAP Ariba

Non-profit to launch digital marketplace for simple, efficient administration of scholarships to low-income and special needs students August 01, 2017 08:30 AM Eastern Daylight Time PALO ALTO, Calif.–(BUSINESS WIRE)–Back to…
Premikati with Aon CornerstoneBlog
September 12, 2019

Premikati, Inc. partnering with Aon Cornerstone

Premikati, Inc. with Aon Cornerstone Partnership, A “Win-Win” For Premikati, Inc. Clients Looking to Diversify Their Supply Chain Indianapolis, IN Nov.2, 2016 – Premikati,Inc. today announced a strategic partnership with Aon…
Premikati Transforms Contract Management with SAP AribaBlog
September 12, 2019

Premikati Transforms Contract Management with SAP Ariba

Certified WBE outsourcing firm leverages cloud-based solutions to fuel efficient digital process that delivers savings and compliance PALO ALTO, Calif., November 16, 2016 – The cloud is where efficient contract management…
Premikati MarketplaceBlog
August 21, 2019

What is the Premikati Marketplace?

The Premikati Marketplace is everything you’ve been dreaming about to streamline your purchase request to order process and better manage the relationship with your suppliers. Procurement software leader, SAP Ariba™,…
why procurement is the best job in the worldBlog
August 21, 2019

Why Procurement is the Best Job in the World

When you pass someone on the street and mention procurement as a career, you’re likely to get blank stares and maybe even snores from the uninitiated. In reality though, procurement…
Costs of Your Supplier RelationshipsBlog
August 1, 2019

What are the Real Costs of Your Supplier Relationships?

Summary: Supplier relationships can be costly in terms of both money and time investments, and can also be rife with risk. Many businesses are turning to B2B marketplaces in order…