Vendor Management

Common Vendor Management Challenges and Strategies to Fix Them

As a business expands, its vendor landscape becomes more complex. Purchasing challenges in growing companies often center around buying, tracking, and paying for supplies, then tracking the subsequent spend data to enhance future procurement efforts. Vendor management can be a challenge, especially for small businesses. They often lack the resources to track these details well. […]

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Procurement Process

4 Risks that Should Be Avoided to Enhance the Efficiency of the Procurement Process

The procurement process is crucial for any organization as it deals with purchasing essential goods and services and ensuring sufficient resources are available for the employees to manage their tasks effectively. It should be handled very carefully as it comes with certain risks that can impact business operations, supplier relationships, and productivity and even hamper

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