Procure to pay (P2P) process has always been hard. The cross-departmental alliance of getting right vendor, negotiating deals, reducing expenditure, and looking schemes to automate the goods buying cycle doesn’t come good without its own glitches. Although Procurement challenges vary business to business and based on an organization’s size. Here are few common procurement challenges that visit businesses of all sizes. [...]

How often do you track your shipment right after placing orders from some e-commerce site? One, twice, thrice, or most often until it reaches you? With the increasing technological advancement and customer awareness, the way businesses ran earlier has completely changed. Gone are those days when it would take weeks and months to deliver goods. People know that the entire shipment process is tech-aided and hence expect their delivery as soon as possible. Here is when strategic procurement comes into play. It's one of the most critical parts of the supply chain that should be adopted by every big organization. A well-designed strategic procurement means improved business performance that focuses on the bottom-line savings in the long run. [...]

Workplace safety is important to maintain but hard to manage when safety items, machinery equipments, fire protection devices, control panels are wrongly installed. Testing fire alarm system on regular basis, safety towards electrical wires and cables, lighting, motor, keeping an eye on storage area and check about smoke in Demarcated areas are somehow difficult to manage. Workplace safety can be managed easily before they cause too much damage, especially when the verified and authenticated fire detection tools are installed. With safe storage, correct installation of electrical products, hand tools, power products, clean environment, and regular maintenance, workplace safety can be ensured. [...]

Every single creature is fighting against COVID issues and seeking goodness with Personal Protective Equipments. Workplace safety is important to maintain during COVID pandemic in India, but hard to manage when safety items are wrongly used and not up to the recommended standards. Being an employer, Protect yourself and your employees with essential supplies such as Mask, Hand Sanitizer, PPE kit, Touch-less hand sanitizer dispenser, Oxygen Concentrators, Pulse Oximeter to check oxygen level required for breathing and other mandatory safety equipments. [...]

MRO stands for maintenance, repair, and operations. In terms of MRO sourcing, it refers to the products and tools such as electronic components, automation, and control, equipment related to testing and measurement, engineering tools and consumables that are utilized to keep an organization running. In the ever-changing world, MRO sourcing has been redefined with the integration of advanced digital technologies such as IoT, blockchain, machine learning, artificial intelligence, predictive analysis, etc. This investment in supply chain technology has enabled corporate companies in cutting down expenditures, eliminating unnecessary links. This optimization of the number of links is also beneficial in lowering the associated risks in the process of shipping and receiving. [...]

In the MRO sourcing world, various kinds of activities are pursued by the procurement services but since the present global scenario is compelling the companies to shift towards MRO outsourcing and only do the very essential within the company on their part. The primary aim has been improving the quality of the critical operations and significant cost reduction. This shift was due to the impact of the global financial crisis witnessed in 2009. Since then companies have prioritized cost savings over connecting with new suppliers. Though the modern-day distributors are the best in terms of providing service and competitive pricing, they do no justice in providing assured total cost savings from the angle of MRO procurement and that's what differentiates them from MRO integrators. [...]

Coronavirus has smashed the world at an unparalleled stage. Companies have to adapt to the next normal today in order to bounce back successfully in a post-covid marketplace. It has become challenging for most businesses to keep their financial wheels turning during the lockdown period due to less revenue levels and the general uncertainty happening everywhere.[...]

Online B2B marketplaces offer multiple benefits to business like huge transparency in product, service, and supplier availability along with the pricing and purchasing terms. Trend of new Pressures and Offerings, Inspite of Complex, indirect spend categories are reshaping the future of Indirect Procurement [...]

Amid Pandemic, high demandable Oxygen Concentrators are proving a boon for the people with breathing disorders. Not only it’s a light weight and cost-effective device but also good for hospital & home use. Oxygen concentrators are devices which work like an air conditioning unit helps to concentrate the room air into pure, medical grade oxygen. It should be of good quality to reap the best benefits of O2 therapy, Else a patient has to struggle for required oxygen to live. [...]

To make the Supply Chain transparent, usually online-verification codes are given to consumers but the effort required can inhibit widespread adoption. We all know that Supply chain transparency is a process in which companies get to know about the correct happening upstream in the supply chain and to communicate this useful knowledge both internally and externally. This process has become increasingly precious due to the more demands of consumers for the sake of safety. [...]