procurement

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 16,2023

What are the advantages and disadvantages of procurement?

Procurement is a vital function of various businesses. The procurement team needs to be flexible for better results. Procurement deals with various challenges, but can be overcome with certain tactics. You need to know the advantages and disadvantages of the procurement. Keep on reading the article to know the advantages and…
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June 16,2023

Procurement and Acquisitions

People do often refer to procurement and acquisition as synonyms but do they mean the same? What is the difference between procurement and acquisition? What makes each term unique? Keep on reading this article to get the key differences between these two words. What is Procurement? It is the process…
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June 16,2023

Procurement and Contracting Process

The contracting process is a crucial part of procurement as it signifies the official start of the process. It is sequential steps that need to be carried out for an organisation while procuring goods and services. When the manager needs to sign the contract, the contracting process comes into the…
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