What is a Sourcing Agency and How does it work?
SCMDOJO Blog » Procurement
by Arva Nadeem
3M ago
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do. A sourcing agency is like a helpful guide in the complicated process of getting goods. Let’s uncover the mystery behind the role of sourcing agencies and see how they make the job of buying things much simpler.     Sourcing Agency   A sourcing agency is like a helpful middle person betwe ..read more
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Types of Procurement Reports: Definition & Benefits
SCMDOJO Blog » Procurement
by Arva Nadeem
3M ago
In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process. From the Purchase Order (PO) Status Report to the RFQ Performance Report, each report is dissected to provide a clear definition and a deeper understanding of its significance. This blog aims to empower procurement professionals by shedding light on how each report contributes to enhanced transparency, accountability, and efficiency within the procurement functio ..read more
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Mastering the art of Supplier Negotiation: Tips and Techniques
SCMDOJO Blog » Procurement
by Arva Nadeem
5M ago
Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. It is a skill that needs a strategic approach and it is not something anyone can do. It requires an in-depth knowledge of procurement processes to be able to bring the supplier on a mutual agreement. If you need to learn the art of negotiation, this is just the right blog for you as it is a compilation of comprehensive strategies to master procurement ..read more
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Sustainable Procurement: A Game-Changer for Supply Chain Resilience and Brand Reputation
SCMDOJO Blog » Procurement
by Ariba Khan
8M ago
In today’s rapidly changing business landscape, sustainable procurement has emerged as a game-changer for supply chain resilience and brand reputation. As consumers become more conscious of the environmental and social impacts of their purchases, companies can no longer afford to turn a blind eye to their procurement practices. Sustainable procurement goes beyond simply sourcing eco-friendly materials; it encompasses a holistic approach that takes into account ethical labor practices, fair trade, and carbon footprint reduction. By integrating sustainability into their procurement processes, co ..read more
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Why A Service Level Agreement For Your Goods Lift Is Important
SCMDOJO Blog » Procurement
by superadministah
8M ago
A service level agreement (SLA) is a document that outlines the expectations of both the provider (in this case, the company that installed your goods lift) and the customer (you, the warehouse manager). It details what services will be provided, how often they will be provided, and what standards will be met. Having an SLA in place ensures that everyone is on the same page and helps avoid potential issues down the road.   So, why is an SLA for your goods lift so important? In this article, courtesy of Mezzanine Floor Lifts, we explain further.   What does a service level agreement d ..read more
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10 Must-Watch Negotiation Movies: Master the Art of Persuasion with These Gripping Films
SCMDOJO Blog » Procurement
by Ariba Khan
8M ago
Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. However, mastering this art can be tough and perplexing. Thankfully, in our digital age, we have access to an array of mediums for training and communication that can aid us on this journey of honing our negotiation prowess.   In this article, we delve into an unconventional yet remarkably effective training tool: movies.  Movies, which combine fun and instruction, have a special ability to teach insightful knowl ..read more
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Importance of Contract Management in Achieving Value for Money in the Procurement System
SCMDOJO Blog » Procurement
by Ariba Khan
9M ago
Contract management plays a crucial role in the procurement process, as it helps ensure compliance, mitigate risks, and optimize supplier relationships. By effectively managing contracts, organizations can maximize the value of their procurement activities and minimize potential issues. In this guide, we will explore the key benefits and importance of contract management in procurement and provide insights on how to implement effective practices.   [Read More: Category Management in Procurement: A Comprehensive Overview & Best Practices]   What is Contract Management?   Cont ..read more
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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement
SCMDOJO Blog » Procurement
by Ariba Khan
9M ago
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. Whether you’re an aspiring procurement enthusiast or a seasoned professional aiming to advance your career, investing in procurement training and procurement training courses can be a game-changer.   You can successfully traverse the complexities of procurement processes with the knowledge, abilities, and tactic ..read more
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How Learning a New Language Can Benefit Your Career in Supply Chain Management
SCMDOJO Blog » Procurement
by superadministah
10M ago
Even if we take a quick look at the current supply chain management challenges like digital transformation and demanding forecasting evaluation, it becomes obvious that learning a new language is essential. It is a reason why so many bilingual specialists often manage to establish successful careers and deal with global challenges, congestion resolution, and frequent delays at ports that take place. The same relates to the field of e-commerce and the constant necessity to reinforce partnerships with supply chain management specialists worldwide. Knowing more than one language will always help ..read more
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Category Management in Procurement: A Comprehensive Overview & Best Practices
SCMDOJO Blog » Procurement
by Ariba Khan
1y ago
Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.   [Read More: What Does a Procurement Manager Do? Job Description and Requirements]   At a glance: What is Category Management in Procurement? Category Management as a Strate ..read more
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