Who Is Qualifying Whom in Procurement?
What is the link between marketing and procurement?
How Do Buyers Know They Obtained Value for Money?
We purchase goods and services to solve problems. The right solution is the one that solves the problem most completely. With complicated problems or ones that have complex implications for other systems, this can be very difficult to ascertain. Often a good or service may appear to be the right solution, only for this calculus to turn out to be incorrect because of a failure to acknowledge the full extent (or even the existence of) complex interactions with other aspects of the firm.
What Is Value-for-Money in Procurement?
People in procurement often talk about “value-for-money.” But what does that mean?
Primer On Procurement and RFPs
Supply chain refers to the operational part of running a business, i.e. all of the processes necessary to making and distributing the goods or services the company sells. It does not include sales and marketing. It does not include administrative work or management. It is both critical to the success of any commercial endeavor despite being discounted by managers and investors.