Modern Procurement Process Guide: Concepts and Steps

Definition and main stages of the procurement process. How to choose the right suppliers and draw up documents....

These are six supply chain strategies that you can implement in today's market. First the company should utilize a demand-driven planning and business operating concept founded on actual demand insights and demand optimization. There are digital tools today that allow supply-chain management teams to take decisive action more quickly and modify their supply chains based on actual insights to match expected demand. The cloud system is a powerful tool online which is currently playing a huge role in the supply-chain management space. This system allows the company to create unified data models that are augmented by outside sources. ...

In most of today’s classrooms, questioning authority isn’t high on the list of skill sets being taught. Especially in younger grades, we often see compliance being instilled more frequently than allowing students to question. ...

Enterprise Resource Planning is a crucial aspect of any business. ERP solutions for small businesses aid in monitoring, storing, and integrating data from various business sources and departments....

Companies around the world and at the national level ensure that customer interest comes first. They work to maximize their earnings by winning and retaining customers. They also see data analysis as a way to ensure that they can reach customers....

The demand for ERP solutions is expected to increase at a steady rate. In 2020, the ERP industry is worth more than $40 billion. Both supply and demand for ERP solutions are increasing, and ERPs are turning into more business focused solutions ...

In a world where we possess always more, it gets harder to find clarity with all the materials we own. This fog will reduce your productivity. In your personal life, this can be translated into a messy desktop, bad habits, unclear thoughts, and so on. In your professional life, this can lead into bad choices, arguments with colleagues, and more....

Materials management is a core supply chain function in every enterprise. Basically, materials management is the capability firms use to plan total material requirements. Plan is the keyword....

ERP is a convenient business toolkit, which many companies seek to take advantage of. The market for ERP products is quite mature - some vendors have been working on it for more than 40 years. It is quite difficult for an untrained entrepreneur to understand such a huge abundance of already developed modules. In many ways, the choice of product depends on the industry specialization of your business, as well as the necessary functionality in your particular case. In this article we will consider the 5 best ERP systems for doing business in 2020....

Once a small business gets their feet wet and sees how their specific industry works, it is not long before they realize they need more manpower. There are normal stages that companies go through before getting to the point where their entire system is automated, but sometimes small business owners skip those stages and catch on to the benefits of automation early on. ...

My father went to school for Information Technology (I.T.) so I grew up with him constantly lecturing me about how to properly handle the devices that were inside our home. He still works in I.T., so there are moments that he still tries to teach me something new. But with the inclusion of technology in the basic functionality of society, I know the basics that are specific to my life....

SAP has grown to be one of the world’s most popular software producers for business management. Business owners have migrated towards SAP because the software develops solutions that provide effective communication of information between clientele and organizers and data processing. ...

While there are many skills needed to be successful while working on ERP, technical and software skills are not everything. It is important to be skilled in multiple areas as every work day brings different challenges that usually need customized training to that are brought to the project by the implementation team....

Procurement processes are at the center of the Supply Chain, and they are necessary to perform any production or sales activity down the line....

With the rise of work from home solutions but also of the use of ERP programs in all enterprises, it can be a great time to learn new skills this year....