The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris…
SRM
Supplier Relationship Management Tips
Supplier Relationship Management is vital, but many organizations still fall short in getting it right. What are the common pitfalls in SRM? Without proper attention relationships can falter after the initial stages. Many businesses only focus on meeting KPIs, but this approach limits potential. Suppliers often have expertise and innovation to offer, and SRM provides the framework to tap into these advantages…