The business world is transforming—a company’s supply chain is no longer limited to its four walls, supply chain management is not just a cost-cutting measure,
With the talks of economic uncertainty, ongoing geopolitical issues, and a potential recession doing the rounds, supply chains are feeling the first impact post-pandemic aftermath.
Digitalization in procurement is benefiting organizations—be it visibility, cost-effectiveness, scalability, or flexibility. However, with multiple systems and data points, extracting and analyzing that data for
Nowadays, outsourcing is not just about getting goods and services from third-party suppliers, it is in many ways an innovation enabler. As businesses enter into
Is cost-saving the only significant responsibility of procurement professionals? This is where the leadership and the peers can underestimate the value procurement professionals can add
Procurement is a critical strategic activity in businesses. With increasing market volatility, stricter regulations, and geopolitical conditions, procurement teams are vying hard to keep costs
Strategic procurement is becoming increasingly complex due to economic uncertainty, stricter regulations and compliance, globalization, geopolitical volatility and natural risks. Still, procurement teams are assessed
Following the pandemic and economic volatility, businesses are focusing on spend management, extreme risk mitigation strategies, and supply chain management more than ever. In fact,
The Just-in-time (JIT) manufacturing process isn’t a new buzzword. An inventory management method which involves accepting continuous stocks to reduce inventory, its inception dates back
Digital technologies are present in our everyday lives; so why not create more value and gain a competitive advantage by digitizing your procurement process? According
