A Request for Quotation (RFQ) or a Request for Proposal (RFP) is a business process/document in which a company requests a quote from suppliers for the purchase of specific products or services.
Whether you are starting a new business or looking for ways to expand your current one, the suppliers you choose are critical as they are an extension of your organization.…
The Indian manufacturing industry has been on the rise. The Indian Prime Minister’s ‘Make in India’ program has been implemented to place the country on the world map. India is…
As we move into a more modern and technologically advanced world, the global borders have, in a way, changed in dimensions. With increased trade between countries, the strategic sourcing process…
While the pandemic of 2020 isn’t the first time a disaster has impacted supply chains, it is one of the most widespread and significant in recent history. Despite massive efforts…
What has led to the massive successes of Amazon, Tesco, and Walmart? In part, it was their smart procurement practices. It enabled them to cut costs while maintaining profit to…
Strategic sourcing is one of the most commonly heard terms in any industry. However, it is also one of the vaguest concepts. You either hear too much information about this…
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