Wanna know about procurement supply chain management?, Procurement and supply chain management are two critical pillars of any successful business. While they may sound like complex corporate concepts, they’re simply about getting the right products, at the right price, from the right suppliers—and making sure everything runs smoothly from order to delivery. But what exactly […]
In today’s rapidly evolving business landscape, procurement strategies have become pivotal for organizations aiming to accomplish operational excellence and maximize their competitive advantage. While direct procurement deals with the acquisition of goods and services directly related to the core business, indirect procurement plays an equally crucial role in supporting and enabling essential operations. In this
Procurement plays a significant role in every business organization, simply procurement can be defined as the process of acquiring goods and services to accomplish business goals and objectives. In this article, we discuss critical areas of procurement such as the meaning of procurement, the importance, procurement process, different types of procurement, procurement stages, and the