Volatility in procurement and supply management refers to the degree of unpredictability and fluctuations in various factors that impact the procurement and supply chain processes. It is characterized by rapid and significant changes in market conditions, such as...
Agile procurement is a modern and dynamic approach to purchasing goods and services that emphasizes flexibility, collaboration, and adaptability. It is a procurement strategy that aligns with the principles of Agile project management, which is a methodology used in...
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...
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...
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...
