With the increase in the adoption of online purchases, the courier & small parcel industry has witnessed a sudden increase in business.
Preparing a list of eligible suppliers before publishing an RFP or RFI is one of the most important steps during the execution of the strategic sourcing process.
To answer this question, it is much simpler first to list down the reasons when a specific category should be taken up for Strategic Sourcing.
Spot Buying is for immediate, Ad-Hoc & one-off purchases. It’s estimated that around 40% of the company’s indirect spending is from spot buying.
Procurement is about securing the inputs such as materials, supplies, equipment, and services to a business.
A cartel is formed when businesses agree to act together for an anti-competitive purpose instead of competing against each other.
What is Baseline? Baseline preparation is one of the most important phases during any Strategic Sourcing process.
Before we dive into this topic, let us define what exactly is Blind RFI. It can be defined as the process of preparing and publishing an RFI, to the shortlisted vendors with the objective
