Recent statistics show that companies with existing supplier diversity programs report increased profitability – sometimes as high as a 133% return on procurement investments. The respected track...
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The Request for Proposal process is an integral component to modern day sourcing. However, the RFP framework was created over a century ago, limited by paper communication. Despite technological...
Just like running an employee background check, mitigating supplier risk requires proactive and intentional vetting. The same concept applies for even more complex, multi-tiered supply chains....
Though many organizations are aware of and will mitigate business risks, procurement as a risk control function is often overlooked. Specifically, SRM (Supplier Relationship Management) is a key...
Investopedia defines Return on Net Assets and breaks down its components. Click link to watch the video....
Original Source: Investopedia
"Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at...
Internal rate of return, or IRR, is one of the most popular methods of evaluating potential projects. Learn more about this important metric.
View a video below by Investopedia on...
Original Source: Investopedia
"What is an Income Statement?
An income statement is one of the three important financial statements used for reporting a company's financial...
Original Source: Investopedia
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Original Source: Investopedia
"What is Cash Flow
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level...