Across industries, procurement has become one of the most complex business functions, an enabler of operational efficiency and also a prime target for cost reduction
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
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
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
Are you focusing enough on contract management in your procurement process? Contract management with vendors or third-party suppliers involves contract creation, execution, and analysis. It
Relying on manual processes for the purchase requisition can be tricky and cumbersome. Using dated tools such as emails, excel sheets, or forms could lead
Supplier relationship management (SRM) is critical in any business’s supply chain management. Earlier considered primarily a transactional activity involving purchase orders and invoices, supplier relationship
