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.
IBAN stands for an International bank account number and is an internationally accepted number used to identify individual bank accounts worldwide. Banks use IBANs to process money bank transfers and ensure payment arrives in the correct location. Which countries Use IBANs? IBAN codes are used in numerous countries across Europe, the Middle East, and the […]
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If you’re a business owner who relies on Chinese suppliers, then you’re probably aware of the upcoming Chinese New Year factory shutdown. This event takes place every year and usually lasts around two weeks. During this time, factory closures will happen so that employees can spend time with their families. What does this mean for […]
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There’s no doubt that branded t-shirt designs are a great way to get your name out there and attract attention to your business. But why settle for boring old t-shirts when you can go one step further to compress it in a can? Not only will this unique marketing idea get people talking, but it […]
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The arrival of winter always brings with it a sense of excitement, as we get to break out our heavy coats and scarves and enjoy all the festive activities that come with the season. However, the cold weather can also be a bit of a pain, especially when it comes to keeping our feet warm. […]
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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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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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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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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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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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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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