Procurement

June 22,2023

How to negotiate with powerful supplier

The business industry has come across a revolution in which supplier is in a superior position. This shift of power occurred due to various reasons such as the elimination of the competition by the supplier, increasing demands for the goods and services, and the rise of price by the remaining…
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June 21,2023

The golden rules for successful procurement negotiation

Knowing the skill of negotiation will benefit the procurement team to practice the process effortlessly. The negotiation involved two parties the buyer and the supplier. You need to be prepared before being part of the negotiation, get familiar with the market condition, and keep a line with the limits of…
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June 20,2023

IT procurement key issues and negotiation strategies

The following are the IT procurement key issues: 1. Changes in technology: Since technology is growing every day at a certain pace, it has become hard for IT procurement to depend on or choose the technology that will sustain for a long time. The IT procurement needs to obtain a technology…
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June 16,2023

Purchasing Power- Definition, Latest News and Why

Every sector of the economy is affected due to the change in purchasing power, starting from the consumer, investors, shareholders, etc. You will also see various fluctuations in the stock market. This article will tell you about purchasing power, along with stating its importance, and the latest news in our…
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