World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

Claritum

JANUARY 25, 2019

By automating their business processes in functions such as finance, procurement and goods receiving and automating time-consuming, repetitive tasks SMEs stand to improve productivity which will help them gain competitive advantage. Including: Better Cash Flow associated with payments and inventory management.

Supply chain management 36

Supply chain management Supply chain management Supply Chain Efficiency Supply chain 36

Supply Chain Brain

APRIL 23, 2018

Take Nordstrom’s Trunk Club , the subscription-based service that ships out curated selections of clothing periodically and invites buyers to return whatever they don’t wish to keep. While that action poses an inconvenience to customers, it gives retailers prior notice and visibility of what’s in the returns pipeline.

Logistics 40

Logistics Real-time Visibility Bidding Demand 40