Blog

To thrive is present competitive market, organisations are trying their best to catch up with latest Procurement Trends.By embracing the latest procurement trends, organisations and making their procurement function more efficient, lowering the total cost of procurement and making the procurement function more customer satisfaction oriented. Recent advancement in technology bringing improved application in almost […]

MRO is Maintenance, Repair and Operations items, which includes Supplies consumed in the production process but do not either become part of the end product or are not central to the firm’s output. These include consumables (such as cleaning, laboratory, or office supplies), industrial equipment (such as compressors, pumps, valves) and plant upkeep supplies (such as […]

Visibility, Transparency & Collaboration – Three Basic Tools to Procurement Cost Savings Costs Savings is the number one priority of CPOs. Growing pressure for procurement teams to reduce costs is driving most of the procurement organisation. Today’s Procurement Officers are burning the midnight oil to find new ways to reduce cost. They are looking for […]

We all dream about a sustainable future; a future with human friendly climate; socially responsible humans and people who are conscious about their past, present and future. Everyone has to play his part to secure a sustainable future, so the procurement organisations. Sustainable Procurement is a way of procurement in which we consider environmental impact, […]

Procurement function must consider following 6 points in their decision making to become a successful procurement organization. Procurement success is measured by what extend procurement function has been contributing to organizations financial success and revenue growth. How deeper it has participation in organizations innovation strategies. What cost saving goals has been achieved by procurement function […]

It promotes collaboration between manufacturers and suppliers that ensures long-term benefits of both the party. To ensure that quality and inventory needs are fulfilled at optimum cost. It promotes supplier to be a part of our innovation journey to keep us competitive in the market. The partnership creates a sense of trust and accountability and […]