What Is eSourcing in Supply Chain Management? If you work in procurement or the purchasing department, you’re already aware of how it works. However, it’s the rest of the organization that might not...
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Ethics in Procurement Management Ethics in procurement management is important, particularly because of your relationship with suppliers and vendors, typically to finish a job or a project. There can...
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How Firms Use eSourcing to Optimize Their Supply Chain Networks One of the most important things that a business needs to do is keep its supply chain healthy. If there’s a break in the chain, this can...
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Sourcing and Procurement in Supply Chain Management The terms “sourcing” and “procurement” in supply chain management are often used interchangeably, although they are not quite the same. Procurement is a...
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Methods for Managing Procurement Risks There is always some level of risk when it comes to contract management in procurement. Learning how to best analyze and monitor these risks before they become a...
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What Is Strategic Supplier Management? Perhaps one of the toughest tasks of all in the entire supply chain and procurement process is mitigating the human factor and evaluating the relationships you...
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What Are the Goals of Procurement Management? The goals of procurement management are generally to acquire goods and services with the highest quality at the lowest cost to create an end product....
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What Is Procurement Management? If you’ve asked yourself, “what is procurement management?” the simple answer is that it is a strategic way to manage and optimize the way your organization spends...
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