Purchasing and procurement is a vast landscape involving multitudes of processes and operations. Defining this overwhelming number of processes, functions, and operations would need an
Reviewing a pool of suppliers and shortlisting them for strategic partnerships is one of the most significant decisions by any supply chain and procurement management
An enterprise needing a product or service can either go with local or global sourcing. Since both terms are pretty self-explanatory, we will directly jump
Paperless procurement represents the set of electronic/digital processes used to source a product or service from suppliers. From managing the categories of items-to-be-sourced to generating
Digitization has changed business processes significantly, and supply chain management is no exception. Over the last two decades or so, many software tools and applications
No supply chain operation runs in an ideal setting with no mistakes and faux pas. However, if those mistakes become more frequent, they can significantly
A business doesn’t just grow by increasing its profits. It also progresses and stands out by reducing its expenses. A supply chain is one big
A business doesn’t just grow by increasing its profits. It also progresses and stands out by reducing its expenses. A supply chain is one big
Spend management has proved to be a game changer for many organizations in streamlining their overall operations. It benefits them in many ways, from streamlining
Procurement is part of core business operations irrespective of the size, scope, and nature of an enterprise. The quickly changing corporate landscape has increased the
In the last decade or so, enterprises have realized the importance of robust and proactive spend management protocols. No matter what is the size, scope,
Poorly drafted purchase orders can throw the entire procurement process off balance.