Topic
Procurement
The procurement process from requisition to contract, and how it differs from purchasing.
Articles
Procurement, explained.
Procurement What is Spend Management? Process, Examples and Tools Spend management is how a company plans, approves, controls, pays and analyses all its spending: vendors, subscriptions, cards and employee expenses. OneFinOps Editorial 2 min 
Procurement What is Procure to Pay (P2P)? Process, Cycle and Steps Procure to pay (P2P) is the cycle from a purchase request to supplier payment: requisition, purchase order, goods receipt, invoice matching and payment. Dhatri Medarametla 3 min 
Vendors What is Vendor Management? Process, Lifecycle and KPIs Vendor management is how a business selects, onboards, contracts, pays, monitors and exits suppliers, so each delivers what was agreed, at the agreed price. OneFinOps Editorial 3 min 
Procurement What is a Purchase Order? Format, Process and PO vs Invoice A purchase order (PO) is the document a buyer sends a supplier to confirm what it is buying, in what quantity, at what price and terms, before delivery. OneFinOps Editorial 3 min 
Procurement Procurement Process: Steps, Types and Flow Chart The procurement process is the set of steps a business follows to buy goods and services: identify the need, source a supplier, order, receive, pay and review. OneFinOps Editorial 2 min Glossary
The terms you will meet.
Purchase orders Blanket Purchase Order A blanket purchase order (BPO) is a long-term purchase agreement with a vendor for recurring goods or services at pre-negotiated prices, quantities, and terms over a defined period. Also called blanket PO, standing purchase order, blanket order Procurement Government e-Marketplace (GeM) India's online procurement platform for government buyers to purchase goods and services from registered sellers. Also called GeM portal, government eMarketplace Spend management Maverick Spending Maverick spending refers to purchases made outside of an organisation's approved procurement processes, contracts, or preferred vendor agreements. Also called maverick spend, rogue spend, off-contract spend Vendor management Preferred Vendor A preferred vendor is a pre-approved supplier who has met stringent evaluation criteria and is given priority status for procurement within specific categories. Also called preferred supplier, approved vendor, approved supplier Procurement Purchase Requisition A purchase requisition is an internal document raised by a department or employee to request the procurement team to purchase specific goods or services on their behalf. Also called purchase request, PR, indent Procurement Request for Quotation (RFQ) A Request for Quotation (RFQ) is a formal document sent by a buyer to potential vendors inviting them to submit pricing and terms for specified goods or services. Also called request for quote, quotation request, RFQ process
See it in the product
Procurement, in the product.
Financial OperationsProcurement SoftwarePurchase orders, mobile-first GRN and 3-way matching with budget controls and live vendor compliance verification.Procurement SoftwarePurchase RequisitionsPre-PO requisitions with budget check, RFQ trigger, approval routing.Procurement SoftwareRFQ & Quotation ComparisonSend RFQ to multiple vendors; side-by-side comparison; PO from winning quote.Procurement SoftwareContract PurchasingRate cards, blanket POs, release schedules, consumption tracking.Procurement SoftwareProcurement AnalyticsSpend by category, vendor concentration, on-contract %, savings vs budget.DomainProcure to PayProcurement, Vendor Management, Vendor Compliance, Expense Management