Nowadays, no one could deny that, businesses today expect procurement teams to drive value beyond cost savings. As a consequence, procurement leaders are constantly looking for ways in order to enhance their procurement process and make it more sustainable. However, they don’t want to form any decisions without the proper data. And so, they track an array of metrics such as KPIs. Procurement… Continue reading
Nowadays, enterprises seeking to switch immigration providers have more options than ever before, and often check a large number of traditional and hybrid models in order to find the best model in terms of service, technology, costs, employee experience, etc. At some point you have asked the question RFI Vs RFP? This blog explains this… Continue reading
What is Indirect Procurement? I have discussed this topic briefly with Procurement Expert Richard Beaumont in this episode of The Supply Chain Show. In this blog, we dig deep to answer these questions. Topics Covered: Knowing that procurement is a complex business function that varies from an organization to another, and is unknowingly linked to… Continue reading
What is MRO? or What is MRO supplies? or What does MRO stand for in manufacturing? Or what does MRO stand for in purchasing? In this blog, I have tried to answer these questions. What is MRO? MRO (Maintenance, Repair, and Operations Supply) is an important part of most manufacturing and service businesses and… Continue reading
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 other words, What is the Total Cost of Ownership (TCO)? Savings obtained by companies that apply strategic supply are between 5% and 20% of total spending. And this is… Continue reading
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 it is likely you might don’t know what it is about. This blog explains 7 step strategic sourcing process with no non-experts. There is a difference between Strategic Sourcing… Continue reading
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. THE EVOLUTION OF PURCHASING TO PROCUREMENT AND THEIR RESPECTIVE DEFINITIONS. Purchasing surfaced in our world in the first gained prominence during World War 2. It was done as a clerical… Continue reading
The use of Supplier Segmentation for supply base implies categorizing suppliers through analysis and prioritization process solely to allocate suitable resources, manage and monitor them. Unfortunately, no one supplier segmentation applies to every business model. Today, segmentation complexities require multidimensional matrices to address all associated peculiarities and risk factors. So, What is the Supplier Segmentation… Continue reading
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 their competitors, companies have to welcome Artificial Intelligence into their operations or more specifically Artificial Intelligence in Procurement, using the technology to make long and tedious processes easier for human… Continue reading
A firm’s raw material sourcing knowledge can be a strategic resource. China is notably a vast country with a fantastic workforce that ensures several products can easily be exported at affordable rates. Importing building materials from China comes with several benefits’ dependent on your personal or business needs. For building materials from China, the wholesale… Continue reading
Excess and Obsolete Inventory Policy Guide
is a Manufacturing Operations, Procurement and Supply Chain leader from international multi-site manufacturing experience in Electrical, Hydraulics and Internet industries
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