Robust Strategic procurement process ensures a timely supply of goods and services that an organization seeks to meet its key objectives. It carries proven actions aims at reducing the overall supplier base, negotiations, communications, and working to maintain abiding relationships with suppliers. It is relevant not only with globalization aspects but also on the sales side, it enhances constraints on the company’s prices and on the purchase side, it opens up new prospective. [...]

Uncovering hidden opportunities in Procurement process is a call for fast-paced business environment and a key to direct business resources successfully. It carries a big array within an organization ranges from R&D and product development to supply chain engagement, demand forecasting, and marketing and customer hopes. An optimized process realised through innovation will not only boost efficiency and reduce cost but also increase the organization’s grace in acknowledging market demand and consumer expectations. [...]

Procure to pay (P2P) process has always been hard. The cross-departmental alliance of getting right vendor, negotiating deals, reducing expenditure, and looking schemes to automate the goods buying cycle doesn’t come good without its own glitches. Although Procurement challenges vary business to business and based on an organization’s size. Here are few common procurement challenges that visit businesses of all sizes. [...]

Adapting sustainable procurement practices lets an organization to reach net zero goals and reap multiple advantages like lessening of reputational risks, higher customer devotion, long term cost-efficacy, and watertight procurement function. [...]

MRO stands for maintenance, repair, and operations. In terms of MRO sourcing, it refers to the products and tools such as electronic components, automation, and control, equipment related to testing and measurement, engineering tools and consumables that are utilized to keep an organization running. In the ever-changing world, MRO sourcing has been redefined with the integration of advanced digital technologies such as IoT, blockchain, machine learning, artificial intelligence, predictive analysis, etc. This investment in supply chain technology has enabled corporate companies in cutting down expenditures, eliminating unnecessary links. This optimization of the number of links is also beneficial in lowering the associated risks in the process of shipping and receiving. [...]

Digital level has emerged as the primary facet for consumers due to the onset of COVID-19 and the resulting enforcement of lockdowns across countries gave way to the emergence of online shopping in many industries. Digital revolution continues to reshape consumer lives, industries, and economies every day. Buying and selling of goods and services using the Internet, smartphones networks, and commerce infrastructure.[...]