Introduction Most companies have a list of suppliers. But having a list of suppliers and having an Approved Vendor List (AVL) are two different things. A supplier may have supplied your company for years. Another may offer the lowest quotation. A third may be recommended by a branch manager. But should all of them automatically
Introduction Office supplies are often treated as a small administrative expense. A few reams of paper.Some pens.Files and folders.Printer consumables.Cleaning materials.Packaging supplies. Individually, these purchases may not look significant. But across multiple departments, branches and months, they can create substantial procurement spend—and even more administrative work. This is where a simple Office Supplies Procurement Policy
Every procurement professional has heard this request: “Just get the lowest quote.” It sounds logical. After all, procurement is expected to save money. But there is a problem with this approach: The lowest purchase price is not always the lowest procurement cost. A good procurement team doesn’t simply find the cheapest vendor. It finds the
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