World of Procurement blog
MAY 8, 2024
What is Procurement? 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.
SCMDOJO
DECEMBER 14, 2023
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Una
SEPTEMBER 6, 2022
Running a procurement function on a tight budget. Eliminating waste; for example by reducing lengthy sourcing times. Applying the principles of the lean work methodology to procurement. Benefits of lean procurement. Some of the benefits of leveraging lean procurement include: Reduce time-to-source.
Procurement Tactics
AUGUST 15, 2022
The logical approach for supply chain planning is to look for the result and go back as it often begins with demand planning. . My name is Marijn Overvest, I'm the founder of Procurement Tactics. Components of Supply Chain Planning . Demand planning. Supply Planning. Editor's note: Hi there!
Procurement Tactics
JUNE 6, 2023
Thus, you will be able to predict your supply chain which will help you meet your customers’ demands. Inventory forecasting, also known as demand planning or demand forecasting, is a market research technique that accurately predicts future inventory needs. What is Inventory Forecasting?
SCMDOJO
NOVEMBER 2, 2023
Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. They come from a variety of backgrounds. Hire any of them as your supply chain consultant and see the difference! You can Hire Matias or start a conversation from here
Empowering CPO
JUNE 20, 2023
Spend analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. Spend analysis plays a vital role in procurement and strategic sourcing. Often lower, due to its perceived non-strategic nature.
Expert insights. Personalized for you.
52 
Let's personalize your content