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PROCUREMENT ROLES IN CAPEX MANAGEMENT

World of Procurement blog

When we speak about Capital Expenditures or commonly called CAPEX in an organization, generally speaking, they are managed either by a Project Manager or their future users (the concerned department of the organization). We can consider CAPEX management is like project management as they have two similar main characteristics.

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Business process management (BPM) examples

IBM Supply Chain Blog

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. By automating tasks such as supplier qualification, RFx management, and purchase order processing, BPM reduces cycle times and improves efficiency.