what is procurement?

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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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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features of effective supply chain management

KEY FEATURES OF EFFECTIVE SUPPLY CHAIN MANAGEMENT

Supply chain / By / October 6, 2022

This article will go through an introduction on how effective supply chain management (ECM) can be used to increase efficiency, and profits and reduce costs. It aims to illustrate that by having an efficient supply chain, companies can be able to achieve their business objectives easily and efficiently. In the past years, organizations were unable …

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procurement vs purchasing

PROCUREMENT VS. PURCHASING: WHAT IS THE DIFFERENCE?

Procurement / By / October 5, 2022

While it’s important to understand the differences between procurement and purchasing, there’s a reason the two terms are often used interchangeably: they are closely related and can have overlapping responsibilities depending on your business model. The key difference between the two lies in where you find or locate your goods or services and how you …

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the basics of procurement

THE BASICS OF PROCUREMENT FOR BUSINESS GROWTH

Procurement / By / October 3, 2022

Procurement plays a critical role in the success of any business. Many companies are now realizing that their procurement processes have become more important than ever before. In fact, the market is increasingly becoming competitive and the need to make sure that you are doing everything possible to meet your customers’ needs is much more …

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