Category: Procurement
What is Total Cost of Ownership? 5 Considerations of TCO
Organizations usually face a challenge, determining what will be the contribution of the strategies to be implemented and how they will impact their results. In
Read More7 Step Strategic Sourcing Process- Proven & Practiced
If you are a procurement professional you should have heard about 7 step strategic sourcing process, but if you are not a hardcore procurement pro
Read MorePurchasing vs Procurement – Difference Simplified
The question of purchasing vs procurement is one of the frequently asked questions. In this blog, we have explained the difference between purchasing and procurement.
Read More3 Types of Supplier Segmentation Matrix You Can Use to Classify Suppliers
Supplier Segmentation for supply base implies categorizing suppliers through analysis and prioritization process solely to allocate suitable resources, and manage and monitor them. Unfortunately, no
Read MoreThe Challenges and Opportunities of Implementing Artificial Intelligence in Procurement
The wonders of artificial intelligence are reaching more corners of modern industry each day. The simple reality is that in order to stay ahead of
Read MoreTop 17 Challenges Faced in Procurement Management and their Solutions
Procurement is a complicated process, and it can be difficult to manage. Navigating regulations and setting prices pose numerous challenges in procurement that businesses must
Read MoreThe 28 Best Facebook Groups for Supply Chain, Procurement & Logistics Professional
To start with, how many Facebook Groups are you in right now or what is the best Facebook group for Supply Chain is? I bet
Read MoreWhat’s the Cost of Bad Leadership in Procurement?
Everyone knows that a bad hire can be really costly to a business specially in procurement leadership capacity. When you account for hiring, training, and
Read MoreKey Strategies to Build an Effective Supplier Relationship Management
Some third-party vendors may provide you with goods, services, and many other supports. Would you be able to track everything manually? What is your strategy
Read More27 Best Procurement Blogs and Websites You Should Bookmark
Today’s procurement professionals face a variety of problems, including keeping up with constant change. Procurement professionals frequently struggle to keep up with cutting-edge organisational and
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