In logistics, cost drivers are factors that significantly influence the expenses incurred during the procurement process. Some major cost drivers to track by

Against the backdrop of global events, cost pressures, Procurement has a role to deal with rapidly changing stakeholders expectations. Macro Economic Turbulence and

Procurement, has an exciting role to play in Cost Benefit Analysis. This is a systematic technique used to review and evaluate the benefits

A procurement budget tells us what we can and can’t afford—and serves to inform our purchasing strategy. While a procurement budget can warn

The Carter’s 10 Cs of supplier evaluation method gets its name from Ray Carter, director of DPSS Consultants. He had originally described the 7

𝘼𝙧𝙚 𝙮𝙤𝙪 𝙩𝙞𝙧𝙚𝙙 𝙤𝙛 𝙘𝙤𝙣𝙨𝙩𝙖𝙣𝙩𝙡𝙮 𝙝𝙖𝙫𝙞𝙣𝙜 𝙩𝙤 𝙘𝙝𝙖𝙨𝙚 𝙙𝙤𝙬𝙣 𝙫𝙚𝙣𝙙𝙤𝙧𝙨 𝙖𝙣𝙙 𝙨𝙪𝙥𝙥𝙡𝙞𝙚𝙧𝙨 𝙛𝙤𝙧 𝙞𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣? Do you find yourself struggling to keep track of

A Bill of Lading (BOL) is a critical document in logistics and procurement, especially for international trade. 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝗰𝗲 𝘁𝗼 𝗽𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 Its importance

𝙁𝙞𝙣𝙙𝙞𝙣𝙜 𝙩𝙝𝙚 𝙍𝙞𝙜𝙝𝙩 𝙁𝙞𝙩: 𝙎𝙤𝙪𝙧𝙘𝙚 𝙎𝙚𝙡𝙚𝙘𝙩𝙞𝙤𝙣 𝘾𝙧𝙞𝙩𝙚𝙧𝙞𝙖 𝙛𝙤𝙧 𝙋𝙧𝙤𝙟𝙚𝙘𝙩 𝙋𝙧𝙤𝙘𝙪𝙧𝙚𝙢𝙚𝙣𝙩 𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙎𝙤𝙪𝙧𝙘𝙚 𝙎𝙚𝙡𝙚𝙘𝙩𝙞𝙤𝙣 𝘾𝙧𝙞𝙩𝙚𝙧𝙞𝙖? Think of them as a set of essential

𝙒𝙝𝙖𝙩 𝙖𝙢 𝙄 𝙩𝙖𝙡𝙠𝙞𝙣𝙜 𝙖𝙗𝙤𝙪𝙩? 🤔 ❓️ Procurement funnel is a graphical representation used by organizations to accurately determine Procurement’s contributions that go

If you were a buyer for an Automobile Company which manufactures Cars and you had a supplier who gives you a quote for