by ProcuseWise | Dec 5, 2023 | Supply chain management
When it comes to managing a company’s procurement needs, understanding the difference between direct and indirect goods and services is crucial. Knowing the distinction between these two types of goods and services can aid in better resource allocation, cost...
by ProcuseWise | Dec 5, 2023 | Supply chain management
When it comes to procuring materials or products for your company, you may come across the terms sole sourcing and single sourcing. Although they sound similar, they have distinct differences that can significantly impact your procurement strategy. Read more What is...
by ProcuseWise | Dec 4, 2023 | Supply chain management
Choosing the right Suppliers for a company is crucial for its success. The Supplier selection process involves several stages that help make the best choice. By following these stages, you can minimize risks, improve the quality of products or services, and build...
by ProcuseWise | Nov 30, 2023 | Procurement, Supply chain management
If you are the owner or manager of a company, you may have wondered whether it’s worth investing in hiring a Purchasing Manager. After all, managing procurement and purchases can be a complex and time-consuming task. But is hiring a dedicated professional in...
by ProcuseWise | Nov 30, 2023 | Supply chain management
In today’s dynamic and competitive markets, procurement departments play a crucial role in the success of organizations. However, to assess and measure the performance of the procurement department, it is necessary to define relevant Key Performance Indicators...
by ProcuseWise | Nov 28, 2023 | Supply chain management
Supply, purchasing, and sourcing are three terms that are often used interchangeably in the business world. However, they have distinct meanings and play different roles in managing an organization’s supply chain. Understanding the differences between these...
