Global procurement is the process of buying raw materials, products, or services from companies all around the world. Rather than keeping business locally, they are able to secure what they need at a better price point, thus enabling them to maximize their efficiency and boost their growth. While global procurement may sound like a great […]
Titanium is one of the most common elements harvested from the Earth, and is also the metal that is most compatible with animals and the human body. Due to its abundance and mostly safe usage, there are many different types of titanium alloys. One particular alloy that is used in a wide range of products […]
Goods and raw materials don’t just end up where they are supposed to be out of chance. There is often a lot of work put into the back end to get them where they need to be – and when. Large companies – global companies – that rely on these transported goods need to make […]
Procurement companies are vital to the operations of many businesses around the world. Whether a procurement company secures goods or services for their contracted clients, these services are often what help keep businesses and supply chains running smoothly. Below we’ll take a look at the different services a procurement company can provide for companies. […]
Metals play a very big role in most industrial processes. That means ensuring you have access to these materials is vital for the success of your business. To do this efficiently, many turn to metal procurement companies. Simply put, no longer will you have to focus on building a network of suppliers and nurturing those […]
When trying to determine how to reduce your procurement costs, you have to look at the bigger picture. Remember, procurement is different from purchasing since it involves so much more than just making a purchase. How to Reduce Procurement Costs Procurement costs are those costs that are associated with acquiring goods and services from external […]
In order to have a successful growing business, you need to have a healthy supply chain. It is a major component in staying competitive with others in your industry. After all, anyone can have a supply chain to keep things up and running, but those with proper supply chain management are the ones that will […]
Regardless of your industry, when it comes to shipping materials in the global market, there is a good chance that, at some point, you will encounter hazardous material or dangerous goods. And, when that time arrives, it is a good idea to understand the difference between the two as they will need to be handled […]
Businesses find that the role of purchasing in outsourcing is an important one, for many different reasons. In today’s global marketplace, supply chains are expanding into global networks, making the sourcing of purchases a vital area for any successful business plan. Outsourcing of purchasing allows your business the access to experienced purchasing professionals, optimizing your […]
Successful product manufacturing at the best possible rate makes a business profitable. Good procurement techniques directly contribute to successful manufacturing. When it comes to procurement, one of the newest opportunities available today is artificial intelligence. With an ever-expanding future potential, AI allows the ability to simplify complex procurement problems by effectively using computer algorithms. AI […]
