Tag: Purchasing
7 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
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Purchasing 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.
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3 Types of Supplier Segmentation Matrix You Can Use to Classify Suppliers
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.
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The 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
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How to Buy the Building Materials from China – 6 Important Considerations
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
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Top 17 Challenges Faced in Procurement Management and their Solutions
Procurement is a complicated process, and it can be difficult to manage. From dealing with regulations to determining pricing, there are many potential challenges in
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The 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
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Key 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
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27 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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9 Awesome Online Procurement Courses That Will Pay Off
Procurement is an exciting industry with diverse prospects available across countless organizations. With several Online Procurement Courses designed to introduce you to the procurement management
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