Transform Global Sourcing

Authored by Usama Shahid

Over the next decade, procurement officers will need to take on more expansive roles within their organization. They will need to become guardians of the corporate brand, advocates for sustainable business practices and innovators who help develop new products and services. Companies that embrace this broader perspective for their procurement teams will find themselves in a better position to tackle the 10 change dimensions—from managing and anticipating risks to embracing the need for greater transparency across the supply chain—that will transform procurement by 2025.

E-Sourcing the Golden Key for Organisational Collaboration

The organisational purchasing is the responsibility of procurement team with the business reliant on them to source the right goods and services at the best price. But different departments within an organisation will often have very specific and specialist requirements and there are significant merits in empowering selected personnel to source exactly what they need.

Kraljic Purchasing Models

Authored by Usama Shahid

The infrastructure of purchase department depends on the fundamentals of purchasing. These fundamentals may involves many strategies in different phases. These strategies varies from large and complex procurement to small procurement with in same organisation. But the question is still there what is the best way to manage procurement and what is the best strategy for purchasing and supply. The answer is very simple that there is no single best way to overcome these issues but if you know the category of product that is being purchased, there would be a best way for procurement of this specific category. Below please find The Kraljic Portfolio Purchasing Model which was created by Peter Kraljic and it first appeared in the Harvard Business Review in 1983. It is very old but still know a best useful model currently being used in many companies worldwide.

Developing Adequately Association in Procurement Procedure

Importance of effective partnership in a whole procurement process is consider very vital for the smooth operations. Developing effective partnership and transparency during procurement process apparently helps to achieve better results.

Future Visions of Contract Lifecycle Management

Authored by  Junaid Khan 

Before moving forward I have some questions from all supply chain professional, have you ever felt a sense of frustration ever the pace of progress in your organization? Have you ever take any initiative to improve operational and cost performance. If the answers are yes then you need to focus your attentions on this article where we will understand the vision of eProcurement and its benefits.