World of Procurement blog

MAY 8, 2024

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

SCMDOJO

JUNE 6, 2023

By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience. They can simulate scenarios and perform theoretical analyses that assess the potential impact of demand changes, supplier performance, and market conditions.

Supply Chain Optimization 72

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency supply chain software solutions 72

EazyStock

JANUARY 27, 2021

Even now, the global GDP for 2020 contracted by an estimated 4.3% Resiliency is now the name of the game for supply chains. With that in mind, here are a few trends for 2021 that could help your business outlast the pandemic: Supplier Diversification. Supplier Diversification. Focus on eCommerce.

supply chain software solutions 96

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 96