Category: Procurement

As a Procurement Specialist, possessing robust skills is paramount for success in the field. The foundation is proficiency in strategic sourcing, contract negotiation, and supplier management. Procurement Specialist Skills enable professionals to effectively identify cost-saving opportunities, negotiate favourable terms, and maintain strong supplier relationships, ultimately contributing to the organization’s bottom line.  From 2021 to 2023, Procurement …

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. …

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 …

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 …