Procurement Profiling

Procurement Profiling

What Is Procurement Profiling? Procurement profiling is the process of identifying vendors who meet certain criteria. This includes looking at past performance, pricing, and other relevant data. Why Should You Use Procurement Profiling In Your Business? There are...
Sourcing Industrial Parts from Taiwan

Sourcing Industrial Parts from Taiwan

Asia has slowly but surely become one of the world’s biggest trade centers. In most cases, wholesalers and retailers prefer getting goods from this continent due to numerous reasons like high quality production and low costs. Taiwan, in particular, has been becoming a...
Difference between Procurement and Global Sourcing

Difference between Procurement and Global Sourcing

It is easy to mistake procurement as a synonym for sourcing, since they think both mean getting supplies for your company. While both are an integral part of supply chain management, there is a significant distinction between procurement and sourcing. However, both of...
eProcurement Systems

eProcurement Systems

What is eProcurement? Procurement, alternatively referred to as electronic procurement or supplier exchange, is the process of purchasing and selling supplies, equipment, works, and services using a web interface or other networked system. The technology is intended...
Top 5 procurement predictions and trends in 2022

Top 5 procurement predictions and trends in 2022

2020 started in the same way as any other year. Normal operations continued, with high hopes and a few hiccups anticipated to keep everyone on their toes, as was the case in the past. Then came the arrival of the new normal, which fundamentally transformed our...