Going once, going twice…. It can be a procurement professional’s worst dilemma: A trusted OEM partner announces a time-tested and often-used part…
procurement
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BusinessNewsProcurementProductsSupply Chain
AI- Powered Procurement Platform Automates Vendor Negotiations
by Dawn Allcotby Dawn AllcotProcurement negotiations often create inefficient bottlenecks, causing buyers to overpay or base their business partnerships on sub-optimal terms. Bid Ops, an artificial…
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EducationProcurementResourcesSkills
How Is Procuring Services Different From Procuring Goods?
by adminby adminBy Beatriz Alegria Securing intangible assets needs a different strategy than procuring physical goods. The increasing focus on reducing a company’s purchase…
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A purchase order (PO) is the official confirmation of an order. This document is sent from a purchaser to a vendor in…
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BusinessNewsOperationsSupply Chain
Addressing Financial Losses and Enhancing Supply Chain Efficiency by Improving Spend Management Capabilities
SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of its latest spend analysis engagement for a medical devices manufacturer. The…
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How did the role of the procurement become what it is today? The history of this profession seems to stem all the…
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When we think about procurement, we think of purchasing parts and managing spends. But procurement far surpasses that role. In reality, procurement…
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Procurement is the process of finding, agreeing terms, and acquiring goods, services, or works from an external source, often via a tendering or…
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EducationOperationsProcurementResources
Buying Electronic Components From an Authorized Distributor: Pros and Cons
As we discussed in our first article in this series, groups and departments within your organization will need to find parts. Instances…
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EducationOperationsProcurement
Buying Electronic Components Directly From a Manufacturer: Pros and Cons
Typically, there are three main ways organizations can purchase electronic components: through a manufacturer, a distributor, or an agent/broker. Let’s explore the…