Procurement
Categories
Categories
- 1_Procurement Insights (28)
- 2_Short Notes (51)
- Finance (2)
- Import (1)
- Logistics (1)
- Manufacturing Process (3)
- Material (14)
- Packaging (2)
- Procurement (18)
- Cost Savings (2)
- Global Sourcing (1)
- Inventory Management (5)
- Forecasting (1)
- Negotiation (3)
- Process (1)
- Strategic Sourcing (2)
- Vendor Evaluation (3)
- Products (4)
- Quality Management (6)
- Stocks (1)
How to Improve Procurement Efficiency
1. Identify the inefficient processes/bottleneck in your organizations procurement cycle and work to remove them 2. Rationalize your supply base. Some place you have to
Various Stock Levels
Safety stock describe a level of extra stock that is maintained to mitigate risk of stock-outs. It acts as a buffer stock in case sales are
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
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
Sourcing Cycle
1 Recognition of Need Needs Vs Wants 2 Understanding / Development of Specification – Technical & Performance requirement / Quantity / Quality / Delivery /
