Procurement is the acquisition of services or goods at optimum cost as well as in the desired quantity and expected quality. B2B procurement is a vital part of any business and involves many processes but there’s too much of confusion relating to this concept. Procurement materials could be divided into two broad categories namely indirect [...]
Archive for June, 2011
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How qualified are you? Procurement Competence
June 4th, 2011 
Procurement has come from obscurity and into mainstream business. Once known merely like a back office function, it’s now a mainstream business management activity for many organisations as it’s now understood that it’s more than just a cost-saving measure but a method to gain competitive edge within this day of business globalisation. Procurement competence has [...]
The Significance of Professional Procurement
June 2nd, 2011 What is professional procurement? Procurement, considered once a low level contributor/back office function, has established itself by having an important strategic role to experience in leading organizations, using the support and collaboration of senior executive management. Procurement and it is scope was simply regarded as buying of goods and services for that running of a [...]