by Thanvir | Jun 11, 2023 | Procurement
Procurement is a crucial function for any organization as it plays a vital role in managing the supply chain, inventory, and ultimately, the bottom line. However, procurement risks can cause significant damage to a company’s reputation and finances. These risks...
by Thanvir | Jun 11, 2023 | Procurement
The procurement process is a critical aspect of any organization’s operations, as it involves acquiring goods and services required for the smooth functioning of the business. However, procurement processes can be complex, time-consuming, and often prone to...
by Thanvir | Jun 11, 2023 | Procurement
When it comes to acquiring goods and services for a business, two terms are often used interchangeably: procurement and purchasing. However, these two concepts differ significantly in their focus, processes, and goals. To provide a visual representation of these...
by Thanvir | Jun 11, 2023 | Procurement
Procurement and supply chain management are two critical functions in any organization, and both play a vital role in the successful delivery of goods and services. Procurement involves the process of acquiring supplies for an organization, from the initial sourcing...
by Thanvir | Jun 11, 2023 | Strategic Sourcing
Strategic sourcing is a vital aspect of supply chain management that involves identifying and managing the best procurement solutions for a company’s needs while mitigating supply risks and saving money. This process enables companies to optimize expenses and...
