Ethics Management Risk management Supply chain resilience 
World of Procurement blog
MAY 8, 2024
It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Mitigates risk by selecting reliable suppliers, managing supplier relationships, and ensuring continuity of supply.
Procurement Templates
SEPTEMBER 14, 2023
This involves selecting suppliers and partners who are committed to ethical and eco-friendly practices. Additionally, organizations should work with legal experts to navigate complex compliance issues and ensure that their procurement practices align with legal and ethical standards.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
SCMDOJO
JUNE 6, 2023
What’s more, data analytics can help businesses implement ‘just-in-time’ (JIT) inventory management. What is JIT inventory management? This strategy reduces carrying costs, minimizes the risk of stockouts, and can improve cash flow— all thanks to data analytics. Download from the below link.
Procurement Heads
SEPTEMBER 14, 2022
We spend about a billion pounds each year through our supply chain of approximately 500 suppliers. I have a team of 30 people with end-to-end category management responsibility. Procurement and supplier management are carried out by separate teams under my leadership. What are the main challenges you are currently facing?
SCMDOJO
MAY 7, 2024
Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. However, they are also susceptible to disruptions and risks. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world.
Empowering CPO
JUNE 14, 2023
It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.
World of Procurement blog
MAY 8, 2024
What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Proactive risk management prevents major losses.
Expert insights. Personalized for you.
52 
Let's personalize your content