Best Practices for Negotiating Contracts in Procurement

BEST PRACTICES FOR NEGOTIATING CONTRACTS IN PROCUREMENT

Procurement / By / March 10, 2023

Negotiating contracts in procurement can be a challenging and time-consuming process. However, if done correctly, it can result in significant cost savings and improved relationships between buyers and suppliers. The Best Practices for Negotiating Contracts in Procurement. 1. Understand the Business Needs: The first step in negotiating contracts in procurement is to understand the business …

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understanding procurement metrics

UNDERSTANDING PROCUREMENT METRICS AND KEY PERFORMANCE INDICATORS (KPIs)

Procurement / By / March 3, 2023

Procurement is a vital function of any organization, as it involves the acquisition of goods, services, and raw materials that are necessary to maintain operations. With procurement being such a critical process, it is essential to have metrics and key performance indicators (KPIs) in place to measure the effectiveness and efficiency of procurement activities. In …

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THE ROLE OF PROCUREMENT IN SUPPLY CHAIN MANAGEMENT

THE ROLE OF PROCUREMENT IN SUPPLY CHAIN MANAGEMENT

Procurement, Supply chain / By / February 24, 2023

Supply chain management is an essential function for any business that wants to operate efficiently and effectively. It involves managing the entire flow of goods and services, from the acquisition of raw materials to the delivery of finished products to customers. One of the key components of supply chain management is procurement, which involves sourcing, …

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how technology is revolutionizing procurement

HOW TECHNOLOGY IS REVOLUTIONIZING PROCUREMENT IN AFRICA

Procurement / By / February 17, 2023

In recent years, technology has significantly transformed the way procurement is done in Africa. With the increasing importance of efficient procurement in business operations, organizations are increasingly turning to technology solutions to optimize procurement processes. One such solution that has emerged as a leader in procurement technology is Yaraa. Yaraa is an e-procurement solution that …

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SUSTAINABLE PROCUREMENT IN AFRICA

SUSTAINABLE PROCUREMENT IN AFRICA

Procurement / By / February 10, 2023

In today’s rapidly changing business landscape, organizations are paying more attention to sustainability and ethical considerations in their procurement processes. This is especially true for African companies, which are facing increasing pressure from stakeholders to ensure that their supply chains are environmentally and socially responsible. The concept of sustainable procurement refers to the process of …

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Streamlining Procurement In Africa

STREAMLINING PROCUREMENT IN AFRICA

Procurement / By / February 3, 2023

Procurement is a crucial aspect of business, especially in Africa where it is often complicated by a lack of standardization and fragmented systems. The traditional procurement processes are often slow, manual, and prone to errors; leading to increased costs, longer lead times, and reduced efficiency. In the current digital age, technology has the potential to …

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common procurement mistakes

5 COMMON PROCUREMENT MISTAKES AND HOW TO SOLVE THEM

Procurement / By / December 23, 2022

Procurement is a very important part of any business. Without it, you won’t have the right products at the right time and price. But if you don’t know what you’re doing, then your procurement process can cost your company in more ways than one! Here are some common mistakes that companies make when it comes …

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steps to implementing an e-procurement strategy

7 STEPS TO IMPLEMENTING AN E-PROCUREMENT STRATEGY PLAN THAT WORKS

Procurement / By / December 16, 2022

Implementing an e-procurement strategy plan that works can be daunting, but it doesn’t have to be. With the right steps in place, you can successfully implement an effective e-procurement plan that meets your business needs and helps you to save time, money, and resources. In this blog post, we will discuss seven key steps you …

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inventory management

7 STEPS TO STREAMLINING YOUR PROCUREMENT INVENTORY MANAGEMENT PROCESS

Procurement / By / December 9, 2022

Inventory management can be challenging, especially when dealing with large numbers of products or expecting big demand spikes in the future. It can be easy to fall behind in your business if you’re not sure how to effectively manage your inventory over time, which is why it’s important to follow these seven steps when streamlining …

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HOW TO GET PERSONALIZED APPROVALS IN PROCUREMENT

Yaraa's Key Features / By / November 14, 2022

Approval processes in procurement are rarely standardized, which can make it difficult to manage the flow of information and materials through your organization. Personalized approval can streamline this process by ensuring that each step of the process runs efficiently and that people throughout your organization are always kept updated on exactly what’s going on with …

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