Procurement

Procurement is the process of acquiring goods and services. It is a critical function in any organization, and the right procurement processes can save your company time and money while ensuring that you get the best products and services. Our team of sourcing and procurement agents has prepared some articles to help you gain more insight into Procurement.

E-Procurement – What it is and why you should use it?

  Today, many procurement teams are struggling desperately to keep up with the ever-increasing market volatility and demand to out-maneuver their competitors. This is largely because more of them are stuck with old systems and processes that are no longer viable when there are smarter alternatives out there. Which brings us to the subject of […]

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Consumer Goods Procurement Strategies to blow away your customers

It is essential in today’s market to make sure that your goods stack up, that your customers are excited and happy and that you can meet their needs at all times. You must have a ready and uninterrupted supply, helping generate brand loyalty, meeting your targets and maximising profits. There are many different strategies you […]

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Budget considerations when sourcing new suppliers – A Procurement Agency’s Tips

When sourcing new suppliers, it can be a stressful and complicated process. However, if done right and with careful consideration, it can bring about great and positive changes for your business. In this article, we’re going to take a closer look at budget considerations when you are sourcing new suppliers, for your convenience. But first, […]

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How are procurement and purchasing different

How are procurement and purchasing different?

There is always a fair amount of confusion when it comes to procurement and purchasing. As the two process are so closely linked, it’s easy to get them mixed up. In this article, we’ll aim to clear up that confusion and outline the key differences between both processes, for your convenience. Let’s get stuck right […]

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What is a request for proposal (RFP) document for procurement

What is a request for proposal (RFP) document for procurement?

If you are new to the world of sourcing, procurement, and supply chain management, then the odds are that you’ve found yourself feeling a little overwhelmed by all of the abbreviations and terminology involved. For example, what is an RFP (request for proposal)? What is the document used for and why are they important? In […]

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Why use a Procurement Consultancy? And what you should consider

There are many aspects to keeping a business or organisation functional and trying to take them all on by yourself is an impossible task. Just as you would hire an accountant to handle the books, there are practical advantages do using a procurement consultancy. But, why use a procurement consultancy? And if you do decide […]

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Key Skills Every Procurement Specialist should have

If you have been thinking about a career change and you’re looking for a new challenge, then a procurement specialist could just be the perfect opportunity. But, what does a procurement specialist do, and what are the key skills that every procurement specialist should have? In this article, you’ll learn everything you need to know […]

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The Difference Between Procurement and Supply Chain Management

When you hear the terms purchasing, product acquisition, and procurement being thrown around, it’s easy to get them confused. After all, they all sound like three different ways of describing the same process, right? Certainly, there are similarities, but in fact, they are completely different processes. The same applies with procurement and supply chain – […]

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What’s the difference between Direct and Indirect Procurement?

In the world of sourcing, procurement, and logistics there is a multitude of different abbreviations and terminology being thrown about – so it’s no wonder why many people who are new to the industry end up feeling a little lost and overwhelmed. For example, what’s the difference between direct and indirect procurement? Is there an […]

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Understanding the procurement process

The promotional products industry in Asia is big, and it’s not going anywhere. As promotional products become more popular, the promotional product industry will continue to grow. But with growth comes problems. Namely, how do you get noticed? How do you get your promotional products into the hands of people who might want them? And […]

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