tag:blogger.com,1999:blog-91992776183951276362024-03-19T17:59:59.002+05:00Strategic Sourcing - Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comBlogger140125tag:blogger.com,1999:blog-9199277618395127636.post-8201276331115067902016-09-30T15:37:00.000+05:002016-09-30T15:37:40.677+05:00Success Tips for Procurement Executives
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-8792485582281252282016-08-23T13:29:00.000+05:002016-08-23T13:36:28.542+05:00Transformed procurement into a linchpin of an enterprise
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-69115001244957147962016-08-23T12:39:00.000+05:002016-08-23T12:41:49.604+05:00Convincing Supplier to Embrace eSourcing
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-69033964700747120462016-07-25T10:22:00.000+05:002016-07-25T10:22:53.739+05:00Cost Reduction in Purchasing
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-4037186076979304432016-07-12T18:09:00.002+05:002016-07-12T18:11:47.093+05:00How to become world class procurement organization
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-80833130132821651292016-06-21T14:06:00.001+05:002016-06-21T14:09:59.199+05:00Properly align and staff the supply chain organization
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-55042610441711410452016-06-20T14:52:00.000+05:002016-06-20T14:52:42.599+05:003 Easy Steps to Support Cost Reduction Efforts
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-87511736966593289532016-05-18T12:45:00.000+05:002016-05-18T12:45:16.556+05:00Efficient Supplier Discovery and Enhanced Procurement Speed
In modern competitive
enterprises, the role of procurement is rapidly evolving. Once a function
dedicated to cost and purchasing management, procurement is now a key strategic
player with a broad value plan. Concurrently as procurement's potential is growing,
their processes – especially those for discovering and qualifying suppliers –
need to develop as well. There is a shift toward less Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-43031174286337560312016-05-16T14:23:00.000+05:002016-05-16T14:23:07.930+05:00 Easy way to reduce procurement cost by building relationship
Managing
procurement spend with inadequate procurement process and limited resources is
a hard task and tough challenge for procurement experts. The more competence,
resourceful and equipped procurement department is, the more likely it for
procurement department to provide better results to overall business. However,
a lack of procurement resources can make it even more difficult to achieve
Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-13645999233840348242016-04-26T12:42:00.000+05:002016-04-26T12:42:01.064+05:00Pro Active budget Management a lead to success
When I am questioned about some
information in reference to difficult circumstance confronted by supply chain
division, two of my initial inquiries are: are you truly in compliance with
best practices followed by supply chain departments and have you done an
opportunity evaluation and the related business case?
It's that season of developing financial
plan for your company. The time whenTejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-41318621896374663052016-03-30T13:23:00.000+05:002016-04-07T12:32:33.150+05:00Challenges in 2016 for Procurement Departments - Part 2
Strategies the Right
processes which suites the culture of company:
As the matter of business growth, so
does the procedure of processing. Time is cash. Speed in delivering results is
force. From starting supplier contracts to final accounts payable, viable
procurement procedures can accelerate the whole purchasing exchange—across
markets, organizations, and boundaries. The faster and Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-50793882218948250132016-03-25T16:45:00.001+05:002016-03-28T09:46:30.879+05:00Challenges in 2016 for Procurement Departments - Part 1
Unlocking the
procurement savings—and really making them stick—is a real test for every
procurement department, building a road map to the right people, processes and
technology is the answer to that challenge.
In actual,
procurement team are leaving millions of dollars on the table, and
subsequently, it's regularly asked how savings can be measured. As a fact,
organizations don't know Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-45381013404968475972016-02-29T11:35:00.000+05:002016-02-29T11:46:52.936+05:00Procure-to-Pay elevates Procurement to the next level
Numerous
organizations try to enhance their operations by utilizing procure-to-pay
processes.P2P
innovation can increase the effectiveness of sourcing and financial
transactions. Most case studies demonstrates that in spite of the fact that a
lot of associations have embraced innovations to automate operations, this has not been
consistent across all areas involved in procure-to-pay.
Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-45525449135062885462016-02-16T10:27:00.000+05:002016-02-16T10:30:09.287+05:00Cost saving, process efficiency and transparency are the synonyms of procurement
Authored by Usama Shahid
Business process is different today. Organizations claim less infrastructure, stock and assembling gear than any time in recent memory. They've outsourced everything from customer services to inventory network. Also, a developing segment of their workforce isn't even on their full-time finance.
Business is no more about executing a procedure inside Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-12219093648762112872016-01-29T17:23:00.000+05:002016-02-02T13:32:29.472+05:00Procure-To-Pay (P2P) Provides transparency and countless benefits to organizationAuthored by Usama Shahid
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Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com0tag:blogger.com,1999:blog-9199277618395127636.post-51177945346457725392016-01-14T14:52:00.001+05:002016-01-14T14:53:47.515+05:00Best Approach to Leverage Strategic SourcingAuthored by Usama Shahid
Strategic Sourcing is an
organized and collaborative approach to leveraging targeted spend across
locations with select suppliers that are best suited to create knowledge and
value in the customer-supplier interface. We cannot overemphasize the
importance of operating in a collaborative manner.
Over the
past several decades, most in our supply chain profession Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-2209528242152435892015-12-23T16:14:00.000+05:002015-12-23T16:15:16.193+05:00Efficient Supply Chain Holds the Key to SuccessAuthored by Usama Shahid
Analyzing
and streamlining the supply chain is one way to help companies respond more
quickly to market changes while boosting operational efficiency.
Streamlining
supply chains helps businesses look beyond tactical order fulfillment and gain
a better understanding of future customer needs. Analyzing and streamlining the
supply chain is a learning Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-84357830676296334892015-12-16T10:43:00.001+05:002015-12-16T10:43:53.473+05:00Significance of Healthy Supplier RelationshipAuthored by Usama Shahid
In most client-provider partnerships, procurement
departments generally maintain professional working relationships with
suppliers that border on being overly formal.But such formality can hamper the good communication and
trust needed to bring about long-term value to both the supply chain and
organization.
To create the best partnership possible, procurement Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-31211388916373735992015-11-25T12:50:00.003+05:002015-11-25T12:55:54.724+05:00Procuring is an ArtAuthored by Usama Shahid
Since the beginning of time people have been trading
goods and services.One party sells them and the other buys
them. A simple transnational procedure, that should be relatively
uncomplicated, as well as being mutually beneficial for both parties.
But
there has been a step change in the past 10 to 15 years, which has made it
harder for Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-19987257168617037642015-11-20T13:13:00.000+05:002015-11-20T13:14:49.952+05:00Key Challenges Faced by CPO’s Authored by Usama Shahid
Managing a budget is often a
challenging task. For CPOs, they need to have a strong team across the
end-to-end sourcing and procurement process to ensure costs are contained.
Without a dedicated team to run a quality sourcing event, requirements are
often not accurately captured or scrutinized and money is wasted on
unnecessarily high-specification products and Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-62920067365313244802015-11-16T11:26:00.000+05:002015-11-16T11:27:11.593+05:00Evade Procurement CorruptionAuthored by Khizar Farooq
For
an ethical company procurement corruption is a nightmare. At times corruption
is evident, but sometimes it is delicately complex and appears harmless such as
when procurement division receives small gifts from suppliers. Even though it
seems insignificant, procurement corruption can affect a company`s financial
well being and its repute. However, there are Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-48166151041347486802015-11-03T09:44:00.002+05:002015-11-03T09:45:52.733+05:00Bring Success to your Procurement DepartmentAuthored by Usama Shahid
Best-in-class companies recognize strategic sourcing as a
value creator and consider it to be integral to their overall strategies for
growth. Here's what it takes to bring your organization up to that level.
Managerial
Focus: It is important to explain the
linkage and alignment between an organization's competitive positioning and its
supply chain Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-35493550054989177132015-10-12T10:07:00.001+05:002015-10-12T10:08:47.180+05:00Procurement Intelligence drives more Profitability and Sustainability to OrganizationAuthored by Usama Shahid
In
the course of the last 20 to 30 years, the obtainment and inventory network
space has significantly developed and the officials running acquirement
associations have thus received much more dynamic and refined instruments
and methodologies for the execution of their techniques. Additionally, with the
expanded acknowledgment of acquisition's Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-81398183185846692872015-10-07T11:20:00.000+05:002015-10-07T11:20:47.784+05:00Implementing Sourcing Techniques for Complex Investment AreasAuthored by Khizar Farooq
Implementing sourcing processes in intricate areas is quite
challenging task to be highlighted in procurement industry. Generally, in most company’s
procurement procedure is more complicated than simply developing specs, floating
a RFQ, acquiring regular products etc.
However, experts analyzed that when an event is created,
such as an auction and Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.comtag:blogger.com,1999:blog-9199277618395127636.post-10629602479986060422015-09-17T11:17:00.000+05:002015-09-17T11:18:29.041+05:00 Analysis is the most important part of ProcurementAuthored by Usama Shahid
Procurement
is an important part of your business so you need to undertake regular
procurement analysis to ensure that you are making the best use of your hard
earned money. Procurement analysis is the analysis of what goes on in your
purchasing department, are they keeping to the purchasing strategy and are
inventories being kept to the optimum levels. Tejari Pakistanhttp://www.blogger.com/profile/09501107648467569883noreply@blogger.com