Competitive bidding Risk management Strategic sourcing Supply chain resilience 
World of Procurement blog
MAY 8, 2024
Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Ethical and Sustainable Procurement Source from suppliers who follow ethical labor practices and treat workers fairly.
Empowering CPO
JUNE 14, 2023
At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. It now plays a crucial role in cost savings, risk management, and value creation for organizations.
Expert insights. Personalized for you.
52 
Let's personalize your content