Category: Procurement

What are the procurement best practices we should follow?

In every industry, professionals must maintain the latest knowledge and practices of emerging trends and technology. However, procurement best practices are in a rapid state of change.  It is transforming from the back-office administrative function to one with significantly more influence over companywide decisions. The procurement managers are the main heroes who balance the budget effectively. …

Navigating 2023’s Toughest Procurement Challenges: A Guide to Success

Introduction: Overcoming procurement challenges is one of the crucial functions for any organization, acting as a link between internal and external operations.  Procurement teams wear many hats, including being great market researchers, anticipating the financial needs of every department, aligning daily operations with high-level strategy and developing expertise in identifying and managing risks.  However, all of …

How to Become a Procurement Professional?

Before you decide to grow as a certified procurement professional, you must first understand procurement. Well, Procurement is the action of obtaining or procuring something. It is accomplished with needs recognition, acquisition requisition, requisition examination, solicitation strategy, evaluation and agreement, order administration, Invoice permissions and conflicts, and log keeping and recording. Further, you must apprehend the …
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