SUPPLY CHAIN IDEAS
Jun
23
Supply Chain Terminologies
Procurement refers to the process of identifying, shortlisting, selecting, and acquiring, (ISSA) suitable goods or services from an outside source. Activities like contract management, receiving & storing, payment & evaluation comes under ambit of procurement. Purchasing is a small subset of the broader procurement function, associated with acquiring the goods and services, and the process […]
Jun
10
3 Steps to verify Chinese Suppliers
China accounting for more than 30% of all global manufacturing share. Before starting to work with Chinese supplier it is most important to ensure that they are legitimate and will be able to produce and supply what we order? Following three basic steps will help us greatly to verify a Chinese supplier. Step 1 – […]