When it comes to procurement, requisitions, purchase orders, acquisition requests, and vendor contract management require timely communication across various departments and entities to maintain
[ Read More ]The storage and movement of raw materials and finished goods can be traced in real-time using procurement management software. Automation of end-to-end processes along the supply chain is a good
[ Read More ]First you have disparate systems. Then you combine them together to form a comprehensive solution. Then you integrate further complementary solutions with this comprehensive solution and then you
[ Read More ]Supply chain visibility is of utmost importance to organizations looking to cut-down on procurement costs. A good supply chain management system saves companies millions in logistic and raw
[ Read More ]Visibility is a prerequisite to enhancing supply chain agility and responsiveness. Inventory and land costs can be reduced considerably by improving visibility. End-to-end supply chain management
[ Read More ]A firm looks to cut spending. They could start by downsizing. Clearly, manpower could be the first place they’d wish to target. Next in line presumably would be capital costs and infrastructure.
[ Read More ]For medium and large scale industries, procuring materials has always been a large scale operation. When it comes to procuring goods and services, the traditional business route is to order in
[ Read More ]Continuing from last week, here are some more best practices in procurement that you can implement at your workplace. A governing policy: Every organization has its own rules and regulations
[ Read More ]Supplier relationship management is one of the most important mandates of the procurement function of any organization, part of which is implementing best practices in supplier management. In
[ Read More ]In the second part of this post, we’ll continue where we left off and see some more benefits of reverse auctions for buyers and sellers. Not constrained by location: Even though they would like
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