Published: Wed Jan 29 2025
How to approach cost analysis in Procurement
Taking the easy route when analysing cost might speed up the process but will it get you the better deal?
Direct procurement refers to the sourcing and purchasing of materials, components, and services that directly impact a company’s end product or service offering. These critical inputs—such as raw materials, parts, and production supplies—can significantly influence product cost, quality, and time-to-market. Effective direct procurement requires close collaboration with suppliers, rigorous quality control, and strategic inventory management. By optimising these processes, businesses can reduce lead times, prevent supply chain disruptions, and ultimately deliver greater value to their customers.
Published: Wed Jan 29 2025
Taking the easy route when analysing cost might speed up the process but will it get you the better deal?
Published: Mon Jan 27 2025
Discover the key signals it’s time to explore new procurement opportunities, reignite career passion, and decide your professional next move
Published: Tue Jan 21 2025
A dive into procurement imposter syndrome and how to turn negative personal sentiment into positive.