Procurement involves identifying and agreeing to terms for the acquisition of goods, services, or works from an external source, often via a competitive bidding process. involving constrained decision ...

Discover how purchasing systems streamline inventory management, control costs, and ensure efficient purchasing from requisition to payment.

The Issue: A broader view of supply management can yield tantalizing returns, but while groundbreaking new tools are showing merit, technology market confusion has muddied the pathway; a proper ...

You can improve business performance by aligning the objectives of purchasing management with your business strategies. At the strategic level, purchasing decisions affect profitability and business ...

Effective procurement management is crucial for a business to maintain financial health and ensure operational efficiency. In discussing best practice, modern procurement management systems require an ...

Over the years I have been fortunate to collect a wealth of both academic knowledge and professional experience in sourcing management. I have witnessed how the perception of procurement contribution ...

Governments buy a lot of stuff. Every year, one out of every three dollars governments spend goes toward purchasing something -- from photo copier ink to new vehicle fleets -- to help provide services ...

Systems like QuickEasy’s Business Operating System (BOS) and Cin7 are favourites in small to medium South African manufacturers, engineers, and production businesses, for the clarity and control ...

THE Chartered Institute of Purchasing and Supply Management of Nigeria has called on the government to include ‘Procurement Management’ as a course of study in universities. Speaking at the 2022 Group ...

It’s easy to neglect the area of purchasing in your business. Of course you buy goods and services, but you don’t always plan the purchases as well as you could. As a result, you may spend more money ...