Critical to smart buying is the ability to determine whether the cost of acquiring certain goods or services is, by far, surpassed by the benefits that can be gained. It ...
Large manufacturers have traditionally been the dominant player in the supply chain, and hence had enjoyed the upper hand when it comes to impelling support and engagement from their supply ...
No doubt, one of the most important and useful skills that anyone can have, regardless of status or profession, is great negotiation skills. After all, in our everyday lives, we ...
A Statement of Work (SOW) is a document that a client or customer shares with a potential supplier or service provider, to communicate his requirements that must be satisfied. It ...
Contracting is a process where two parties enter into a legal agreement, where needs are defined and commitments and capabilities are aligned to meet those needs. It involves a legally ...
In an increasingly competitive world, organizations who have the ability to quickly and effectively transform, adapt and respond to the changing needs of the market survive and flourish. Agile ...
Research shows that when a company divulges information about the cost of producing its products, consumers become more attached to the product or to the company, potentially increasing loyalty among ...
As an organization grows and become more complex, new teams are created to focus on specific objectives. Teams grow and turn into an elaborate network, with multiple layers of workers ...
Most sourcing projects succeed as a result of an excellent collaboration and cooperative engagement between Procurement and the Stakeholders. However, in many scenarios these two parties are not in ...
Global Sourcing has increasingly become a buzz word in the supply chain industry and many organizations operating globally have, to varying extent, adapted this practice. But what makes global sourcing ...