Procurement is a critical business function that involves sourcing, negotiating, and purchasing goods and services from suppliers. Procurement professionals play a vital role in ensuring that organizations obtain the goods and services they need at the best possible price and quality. To succeed in this role, procurement professionals need to have a specific set of …
5 KEY SKILLS EVERY PROCUREMENT PROFESSIONAL SHOULD HAVE Read More »
Procurement has always been an essential aspect of business operations, and its importance is only increasing as the world becomes more globalized and interconnected. The procurement function is responsible for managing the acquisition of goods and services from external suppliers, which means that it has a significant impact on a company’s bottom line. In recent …
THE FUTURE OF PROCUREMENT: Trends and Predictions for 2023 Read More »
As procurement professionals, we all know the importance of building strong relationships with our suppliers. A good relationship with suppliers can mean the difference between success and failure in procurement. It can also result in cost savings, improved delivery times, and better-quality products. However, building strong relationships with suppliers is not always easy. It requires …
HOW TO BUILD STRONG RELATIONSHIPS WITH SUPPLIERS IN PROCUREMENT Read More »
In today’s fast-paced business environment, organizations need to stay ahead of the competition by innovating their processes and practices. One way to achieve this is through the implementation of an eProcurement solution. In this blog post, we will explore the role of eProcurement in driving innovation and business growth. What is eProcurement? E-procurement refers to …
THE ROLE OF E-PROCUREMENT IN DRIVING INNOVATION AND BUSINESS Read More »
Procurement is an essential aspect of any organization that involves acquiring goods or services from external sources. However, procurement can be a challenging process that involves a range of complexities and potential problems. In this blog post, we will discuss some possible procurement problems and how to manage and mitigate them. 1. Poor Supplier Management …
POSSIBLE PROCUREMENT PROBLEMS AND HOW TO MANAGE AND MITIGATE THEM Read More »
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 …
BEST PRACTICES FOR NEGOTIATING CONTRACTS IN PROCUREMENT Read More »
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 …
UNDERSTANDING PROCUREMENT METRICS AND KEY PERFORMANCE INDICATORS (KPIs) Read More »
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, …
THE ROLE OF PROCUREMENT IN SUPPLY CHAIN MANAGEMENT Read More »
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 …
HOW TECHNOLOGY IS REVOLUTIONIZING PROCUREMENT IN AFRICA Read More »
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 …
