Procurement

Blogs

Procurement Vs Purchasing

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

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efficient procurement process flow
Procurement

Efficient Procurement Process Flow

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!

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Measuring Purchasing Efficiency _ Purchasing KPI's
Procurement

Procurement Vs Supply Chain Management

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.

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