“All models are wrong but some of them are useful.” (G. Box) What are eAuctions and when to use them? One of the most powerful tools procurement softwares offer are eAuctions. eAuctions in Procurement are a unique market concept where buyers and sellers don’t negotiate face to face, but sellers compete with each other on [...]
“Research is creating new knowledge.” (N. Armstrong) Gathering Market Information Through RFI Regardless of the industry your business is in or which products or services you purchase, it is very important for you to conduct a quality market research before starting the procurement process. Supply and demand are constantly changing, and adapting your business to [...]
“Risk comes from not knowing what you're doing.” (W. Buffet) Risk Management in the Supply Chain The main risk of the 21st century is lack of knowledge! If we don’t have enough knowledge of our procurement department and our company in general, it is very likely for us to become run over by the competition [...]
