What is Contract Manufacturing? A contract manufacturer is a third-party manufacturer of components or products, it is considered a form of outsourcing. A company generally approaches a contract manufacturer with a part design or product idea and requests a pricing to...
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...
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...
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...
