by Deb Dulal Das | Jul 15, 2024 | Blog, Circular Economy, Procurement
Imagine a society in which trash is obsolete because we continuously recycle all materials and products. This is not a pipe dream; rather, it is the core promise of the circular economy, a revolutionary strategy that rethinks where, how, and when to use resources....
by Deb Dulal Das | Jul 13, 2024 | Blog, Procurement, Supplier Relationship
Controlling costs is a key focus for companies. They want to improve their competitive edge in the changing terrain of the procurement and sourcing domains. However, they must strike a careful balance to achieve cost reductions without compromising quality or...
by Deb Dulal Das | Jun 30, 2024 | Blog, Procurement, Sustainable Sourcing
Imagine yourself in control of a ship, sailing through the rough waves of global procurement. Every decision you make can affect not only your company but also everything else around you. Everyone is now concerned about the environment, and sustainable sourcing is no...
by Deb Dulal Das | Jun 24, 2024 | Blog, Predictive Analytics, Procurement
Benefits of predictive analytics in international sourcing: Accurate demand forecasting. Cost reduction. Enhanced supplier management. Improved market insights. Imagine navigating the intricate process of acquiring goods from various countries. Your decisions can...
by Deb Dulal Das | Jun 15, 2024 | Blog, material Sourcing, Materials Procurement, Procurement
What is Procurement Planning? Procurement planning determines the materials and services needed for a construction project, schedules their acquisition and aligns procurement with project timelines. It involves demand forecasting, supplier identification, and cost...
by Deb Dulal Das | Jun 14, 2024 | Blog, Procurement
Stages in the Procurement Process: Identifying needs. Supplier research & market analysis. Supplier evaluation & selection. Contract negotiation & award. Purchase order creation & approval. Delivery & inspection. Payment & invoicing....
