Vendor relationships have the potential to make or break a supply chain. In recent times, many new challenges have emerged in the supply chain such as shipping delays, shortage of right materials, and high costs. This makes it almost impossible for the businesses to deal with weak supplier relationships. Nowadays,…
Similar to all other fields, data is now also making inroads into the procurement process. By relying on data-driven decisions, businesses are now able to streamline their supply chain processes. With the advancements in the supply chain, traditional methods of procuring goods are in danger. Many risks mount such as…
To acquire procurement success, you need more than just getting the lowest price. Businesses that build strong sourcing partnerships gain an advantage by cutting costs, reducing supply chain risks, and ensuring quality. These partnerships focus on long-term collaboration, market expertise, and smooth operations rather than one-time deals. There are myriad…
Procurement in the Middle East is evolving at a rapid pace. Governments in the region are coming forward with sustainability initiatives and using digital technologies to streamline the sourcing process. Saudi Arabia’s Vision 2030 and the UAE’S Net Zero 2050 are getting more attention as these encourage businesses to build…
Sustainability is changing how businesses handle procurement. A key strategy gaining attention is the zero-inventory model. The approach delivers goods on time and maintains efficient distribution networks to reduce inventory management problems. Businesses using the zero-inventory model can quickly adapt to customer needs, save money, and avoid overstocking. This blog…