Remove resources 10-ways-procurement-can-cut-costs
article thumbnail

Cost Effectiveness Vs Cost Efficiency — Everything You Should Know

Procurement Tactics

33 Procurement Interview Questions in 2022. Cost Effectiveness Vs Cost Efficiency — Everything A Procurement You Should Know. Cost-effectiveness and cost-efficiency are often used interchangeably by many people. In this article, we will discuss what cost-effectiveness and cost-efficiency are.

article thumbnail

7 Signs of Supplier Financial Instability

Una

By Hugo Britt | April 16, 2024 Search Search Part of your job as a procurement professional is to ensure a stable and reliable supply chain. However, the risk of a supplier facing financial difficulties is an unfortunate reality that can have severe consequences for your operations.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Circular Economy — Transforming Sustainable Procurement

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Circular Economy — Transforming Sustainable Procurement The circular economy is gaining traction throughout the years and many businesses are adopting it. This article will tackle what a circular economy is.

article thumbnail

How to Accelerate Savings in Procurement Without Cutting Corners

Una

How to Accelerate Savings in Procurement Without Cutting Corners Strategies showing how to accelerate savings in procurement without compromising product quality, integrity, or effectiveness. By Hugo Britt | August 10, 2023 Search Search Imagine you’re racing down a winding road behind the wheel of a high-performance sports car.

article thumbnail

How to Repair Damaged Supplier Relationships

Una

Surprisingly, the breakdown of a supplier relationship can sometimes resemble a spat between the main characters of the 1990s hit series. In this article, we explore how supplier relationships become damaged, why these relationships are often worth saving, and offer advice on how to repair them effectively.

article thumbnail

Strategic Sourcing for SMEs

Una

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. With limited resources, time, and purchasing power, every decision needs to be well-planned and supported by data.

article thumbnail

Understanding 10 Stages of the Procurement Cycle

Una

Understanding 10 Stages of the Procurement Cycle. By Hugo Britt | November 10, 2022. The procurement cycle outlines the key steps procurement professionals should be taking each time they source and procure new goods and services. The procurement cycle. How to Improve Procurement Efficiency.