Ways to Increase your Profits through Value Chain or through any other way is one of those questions that you must have an answer to as a business person. Otherwise what you have is not business. In this post we are concerned with value chain specifically, what value chain consist of and how value chain …
Amazingly Easy Ways to Increase Your Profits through Value Chain Read More »
Purchasing and supply management is not an entirely new concept to most people. Take a look at the first part, purchasing. We all undertake purchasing, be it data for your phone, food, clothes etc. purchasing and supply management is one of those things you know hence you do not give it much thought. In business …
Purchasing and supply management important difference you must know Read More »
Procurement activities have led to the evolution of procurement from traditional purchasing and supply to what is currently the procurement profession. It has been mentioned that purchasing is reactive rather than proactive, transactional rather than relational, tactical instead of strategic, all of which are based on the traditional way purchasing and supply was looked, and …
Key procurement activities you must know for business growth Read More »
Advantages of tendering make it such that most organizations, as they grow, find the process appealing since it helps with the negotiations and transparency, if done properly. Say your organization needs new laptops, you can send someone to go and shop for such or you can invite suppliers to make you offers regarding such. The …
8 important advantages of tendering you must know Read More »
Importance of supplier evaluation becomes apparent if you are to ensure that your supply chain is effective. Think of it this way, your organization exists in a supply network in which there exist multiple tiers of suppliers. Wastage, hidden cost drivers or risks not taken care of, in one level of the network will trickle …
Importance of SUPPLIER EVALUATION in business growth Read More »
A stable supply chain is the basic element of every successful business. An effective evaluation of the suppliers brings about a close working relationship with your vendors, which will in return, enhance a streamlined production process, guaranteed quality products and you will minimize or eliminate supply chain hidden costs. Again it just comes down to …
Communication structure in most work places tend to be formal which is why tying to think of something positive to say about gossip in the work place may be frowned upon. But let’s be real, advantages of gossiping do exist. You just have to ask yourself when did people start gossiping and if it’s such …
A job interview is held with many objectives in mind. For the most part it just depends on which party you ask the question “why a job interview” Some of the objectives of a job interview include: Finding out the most suitable candidate for the job Giving a candidate sufficient information about the job and …
The whole point of being in a business is to make profit then you can choose to do whatever else you want otherwise you are not in business. But the question is always how to become profitable Here are some four areas you can improve on if you are to become profitable 1. How fast …
Bid rigging is one of those cartel behaviors that benefit a few at the cost of the majority in public sector procurement. Truth is when dealing with public funds any mistake will always be reflected in tax payers money. WHAT IS BID RIGGING? A quick internet search will have you know that Bid rigging is a …
Dealing with Bid rigging in public sector procurement Read More »
