In business, it’s expected to see and hear individuals use the terms ‘procurement’ and ‘purchasing’ reciprocally. In reality, these two things are separate, however firmly related. When does purchasing become procurement? Isn’t all purchasing procurement? And what are the standard procedures for each? It would all be
Hello. Greetings from Team Chizel. If you are reading this article, I am assuming you already know about us, and you are well aware of Chizel’s primary business of Manufacturing-as-a-Service (MaaS) In the last three years, we have worked with various industries to address different
[ux_image id=”9512″] Manufacturing supply chain is becoming increasingly complex and the people driven approach will not work in the long haul. The process of components procurement now needs to take a more robust process and data driven approach. Communications have to be seamless and
Procurement, as a function, is an unavoidable aspect of all business associations. To operate and help the expansion and optimization of performance, organizations acquire different goods and services from external suppliers. If organizations expect to harness the power of globalization, they have to work with the best local suppliers at the most ideal price. When procurement can enable an organization to accomplish its tactical as well as strategic goals, it is doing it right!
In today’s industry-driven environment, we have often come across the terms procurement and supply chain management. Even though we have heard it many times, many of us still don’t have a clearer understanding of these terms and often get confused and end up using the two words interchangeably. So today we are going to dig in a little deeper into the two and find out what exactly these two words stand for in the industry.