In order to efficiently manage your procurement, the first step is to understand your purchase spend, which is much easier said than done, especially without a dedicated procurement team. Below are tips to get you started with your procurement spend analysis. Identify Sources Before you can begin to collect data to analyze your procurement spend, […]
Startups and small businesses often rely on operations and lab managers for a variety of roles including managing inventory, ordering of equipment and consumables, and maintaining records. It doesn’t take long for these roles to lead their focus away from other priorities such as staffing, financing, and the direction of the company. Even with the […]
Companies small and large make the business decision to hire firms to do procurement services for them. Good procurement strategies are often what sets apart profitable companies from struggling ones. Procurement requires a unique level of knowledge on market trends, cost saving, and compliance. A strong procurement outsourcer can leverage its expertise and relationships to […]
