How to Prevent Procurement Fraud: Key Strategies and Best Practices
Fraud in procurement is still a big problem for businesses all around the world. People that use the procurement process to achieve what they want could lose a lot of money, damage their reputation, or even get in trouble with the law. Stopping fraud in procurement is...
13 Common Procurement Risks & How To Minimize Them
For a lot of them, the most important part of running a business is buying stuff. It gives people the tools, equipment, or services they need to do their jobs. But buying things can undermine a business’s reputation, cost it more money, and make it less...
What is the advantage and disadvantage of procurement?
A firm needs to buy a lot of things to run. It is in charge of finding and buying the items a business needs to run, such as goods, services, and resources. It is a planned procedure that can save money, help things run more smoothly, and create value. Buying items...
How important is supplier quality management?
Supplier Quality Management (SQM) is an important part of making sure that any business that makes things or provides services is successful. Good supplier quality management makes sure that businesses get goods and services of high quality. This is important for...