Procurement & Vendor Management

Introduction The difference between vendor and supplier is analogous to the difference between the two sides of the same coin. While they are part of the same coin,...

Introduction to RFQ The business world is full of acronyms that sometimes look like secret codes. RFQ (Request for Quotation) is one such acronym in the procurement process....

Introduction to supply chain management process An efficient supply chain management process ensures the smooth flow of goods from suppliers to end customers. However, many organizations need help...

Introduction The procurement life cycle and effective management are important to an organization's financial success. Understanding the intricacies of the lifecycle and implementing appropriate strategies can significantly impact...

Introduction In a conversation about streamlining procurement processes and improving purchasing strategies, how much are you able to contribute? To display sufficient knowledge, you must know the difference...

Introduction to distribution channel Imagine this: you have a remarkable product, meticulously crafted to meet the needs of your target customers. But how do you ensure that it reaches...

Are you tired of your organization's purchasing process feeling like a chaotic mess? Do you feel like there needs to be more control and accountability when it comes...

Introduction to vendor management Vendor management is like assembling a puzzle. You need to put the right vendors together and ensure they fit. It creates a fantastic supply...

Procurement KPIs Procurement is the critical process of obtaining goods and services from external sources. With the procurement software market size projected to reach USD 9.5 Billion by...

Sourcing and Procurement A supply chain is a competitive advantage that many enterprises ignore until something is broken. According to Zumen, 69% of organizations don’t have total visibility...