At one time, all of the steps for procurement management were completed by hand. Everything from the RFP to vendor management was created and filed “analog” style. Keeping in touch with vendors was done in...
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Even those not involved in procurement or purchasing, are familiar with how a regular auction works. A seller has something they are trying to sell, and a buyer bids on the item. Typically, multiple potential...
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Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Everything was done by hand—there were no computer software programs to help, there...
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At one time, all of the procurement process steps were essentially an “analog” process—in other words, everything was done on typewriters or by hand and filed in cabinets. You would have spent endless hours...
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Objectives of Procurement Management The objectives of procurement management can range from the most general, such as “buying goods and services,” to the more complex, such as “supporting...
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Procurement Manager Responsibilities and Tasks A procurement manager is also known as a purchasing manager and even the head of the purchasing department. If it’s a company that is responsible for...
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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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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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