Strategic sourcing is a “strategic procurement” methodology that helps converting the supply area into a key department for the financial balance of businesses. In other words, this concept shows that organizations shouldn’t focu...
Considered a sure bet for planning and decision-making in procurement management, Business Intelligence (BI) – a mix of technologies, processes and applications focused on business intelligence – can help companies to improve their acquisitions. T...
When comes to project management and innovation, agile methodology is number one among the trends, driven by the acceleration of digital transformation. In fact, agile methodology makes processes simpler, faster and more flexible, and also helps b...
Performance indicators, or KPIs, help converting the procurement area into a leading sector within businesses. Why? Because by showing what is really working and what must be adjusted, they allow conducting the management of such area based on fac...
Even today, there are organizations that face compliance as a major hindrance in their business processes. But to stay on a sustainable path, a company must establish guidelines on ethical and anti-corruption practices in the supply chain. In spit...
Choosing the right suppliers is crucial to leverage the results of your business. This is quite a challenge for companies, particularly in the case of direct procurement, that is, related to the marketed product or service. Therefore, before makin...
Procurement plays a key role in businesses and faces complex challenges, mainly related to the need of decreasing costs and to buyer productivity. To render the procurement area more strategic, buyers must be freed from manual, bureaucratic and de...
The procurement sector plays an important role in a company’s business. To act strategically, professionals who intend to work in this area must then understand the simplest concepts, such as the difference between direct and indirect procur...
Indicators can assist businesses in the development of strategies and are vital to optimize financial control. In this post, we will talk about saving in procurement, a key performance indicator (KPI) that shows the savings achieved in purchases. ...
Created in American military schools more than three decades ago, the acronym VUCA – volatility (V), uncertainty (U), complexity (C) and ambiguity (A) – pointed to the market situation at that time and indicated, for the armed forces, the required...
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