Sourcing and Supply Chain Management Explained Through Strategy Impact and Future Trends
It is time to dispel some myths. A sourcing strategy is not merely the identification of the cheapest pen supplier in the town, nor is supply chain management simply a fancy name given to the movement of boxes. Today, they have become key business fields of study that define whether organizations will live, evolve, or […]
Procurement vs Purchasing: Key Differences, Business Impact, and Why It Matters
You’ve probably seen it happen in meetings that someone gets up and says, “No worries, the procurement team is on it”, and 5 minutes later, they say, “We already finished the purchasing process; we are good”. Or maybe sometimes you experienced that your fellow employee says procurement when they really mean purchasing, and the whole […]