What people get wrong? They always focus on price. Tip: Understand what the requirements of the business are. Focus on the things that are important to the company. Quality Cost Collaboration Compliance My recommendation is to do it the opposite way, start with...
In this 8-minutes video, Trent Morris will answer these following questions that are certainly very helpful for those confused between the difference of Procurement and Purchasing. What’s the difference between Procurement and Purchasing? Can we use the terms...
Procurement Tips: Know the business strategy; understanding what the business wants to do and how the business wants to do it. Understand who and establish who has the authority to do what within the business Understanding what the business’ objectives are around the...
Every supplier relationship your company enters into is an investment in the future and growth of your business. It’s an investment that also impacts your customers, for better or for worse. Therefore, investing a little extra in evaluating the financial...
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