Eid Mubarak from Strategicsourcing.pk!

EID-UL-FITR is celebrated on the first day of Shaw'waal, at the completion of Ramadan. The Eid-al-Fitr is a very joyous day; it is a true Thanksgiving Day for the believing men and women. On this day Muslims show their real joy for the health, strength and the opportunities of life, which Allah has given to them to fulfill their obligation of fasting and other good deeds during the blessed month of Ramadan.

Have a blessed EID-UL-FITR everyone!

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Roles and Benefits of Out Sourced Procurement

Authored by Usman Ghani

Supply chain is a hot and complicated topic and has to be understood its core values and importance in today’s market. One’s company target would be to lead in the market here we have some personal understanding regarding outsourced procurement to how cut or reduce the costs.

Effectiveness of Marketing Spend

Authored by Fahad Amjad

Marketing spending is an organization's total expenses on  marketing activities. This usually includes advertising and non-price promotion.  It also sometimes includes sales force spending and price promotions. 

Discovering Opportunites through Spend Analysis

Tejari Pakistan is back for a second year with their series of free online briefings aimed at Procurement and Supply Management professionals within the Middle Eastern Region. The series was a huge success last year with briefings on Running Successful eAuctions, Best Practices in Programme and ProcessManagement and Visibility through Contract Management.

What can you expect?

Top Tendering Tips for Buyers

Authored by Azra Sultan

The primary objective of an efficient procurement policy is to obtain goods and services at the lowest possible price and to achieve the best value for the money spent ultimately. Buyers need to sure that they are providing the right information to vendors helping them to meet this objective. Here are a few top tips for tendering:

Strategic Spend Analysis Mechanism

Authored by  Junaid Khan

The Spend Analysis mechanism works through data mining algorithms and allows the improvement of many aspects i.e. better understanding of spend patterns, identification of key suppliers spend visibility until the point of order, accurate categorization which outcomes are important savings for the company. Understanding the components of spend analysis mechanism is very important before the implementation of different other solutions. Jason Busch, Widely recognized as the leading expert on spend management wrote in a recent article about the roots of spend management technology at spendmatters.com. He noted that the initial goals of spend analysis software were to build a tool set that would include the following capabilities.

Cultivating Relationship with your Vendors

Authored by Usman Ghani

Vendors are very critical and important to your business they can generate business and can be ideal for your company if you have a strong relationship build with them,here we have some tips for making strong relationship with your vendors.

Purchasing Best Practices – Ways to Increase your Cost Savings

Authored by Usama Shahid

Why do you need purchasing best practices? Well because purchasing cost can greatly benefit on company’s profits. Every time you save money on purchasing you are directly contributing to a company’s bottom line. One Dollar saved is One dollar earned.

Importance of Supply Chain Management in Global Economy

Authored by Fahad Amjad

Supply chains are backbones of the global economy. Their complication and critical role have businesses and governments progressively concerned about managing major disturbance. This calls for a better strategy around flexibility to build agile, transparent and expand systems. Supply Chain Management is an essential element to operational efficiency. SCM can be applied to customer satisfaction and company success. supply chain management is the most critical business discipline in the world today, the impact that SCM has on business is significant e.g. SCM impacts customer service by making sure the right product variety and quantity are delivered in a timely way, it has also tremendous impact on the bottom line as well, also cash flow is increased because if delivery of the product can be quicken, profits will also be received quickly.

How to Manage your Supplier Scorecards

Authored by Azra Sultan

Supplier scorecards are an essential component of the supplier performance management (SPM) function. In order to achieve business excellence, measuring and tracking supplier performance is a key ingredient of the process. At the same time, the matrices which are designed to derive optimal results from a supplier scorecard should also be aligned with organization’s goal, business requirements and SPM strategy.