Strategic Sourcing
Strategic sourcing is an approach to Supply Chain Management that analyses the total cost of ownership (TCO). Supply Chain is […]
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Procurement
SIPOC
SIPOC stand for Suppliers, Input, Process, Outputs and Customers. In comprehensive process improvement, a SIPOC is a tool that captures
History of Purchasing
As a procurement professional, we must know about the history of purchasing. Ancient tribes acquire goods through barter system and
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Framework: Spend Analysis in Procurement
Spend Analysis is the process of analyzing current, previous and forecast future spending. It is a process of identifying, gathering,
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Cross Departmental Collaboration in Procurement
A recent research study indicates that the concept of drawing on the coordinated expertise of a group from different functional
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Difference Between Purchasing and Procurement
People use the terms interchangeably: Purchasing and Procurement Many people use the terms purchasing and procurement interchangeably but despite their
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