Cost Avoidance vs Cost Savings in Smart Procurement
You saved some dollars on paper towels this quarter. Well done, procurement superhero! However, your heating, ventilation, and air conditioning (HVAC) system malfunctioned once again, and its emergency repair bill caused your budget sheet to tear up. Now your question is, did I save anything at all? Hello to the daily dilemma of procurement, where […]
Difference Between Purchasing And Supply Chain Management
There is a debate in the construction and operations world that refuses to die: Is purchasing the same as supply chain management? It’s a bit like asking whether coffee is the same as caffeine closely related but certainly not identical. Let us get things straightened out. Purchasing and supply chain management go hand in hand, […]