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 Ask a company: “How much do you spend on office supplies?” The answer is often surprisingly difficult to produce. Finance may have the total expense. Procurement may have purchase orders. Individual departments may have their own records. Branches may be buying locally. And some purchases may be happening through petty cash, corporate cards or
Introduction Ordering office supplies sounds simple. You need paper, files, pens, printer consumables, housekeeping products or packaging material. You check the price. You place the order. Done. But in a growing organisation, office supplies procurement can involve much more than selecting a product and comparing quotations. A small mistake in the specification can result in
Introduction A company with one office can usually manage stationery and office supplies without much complexity. But what happens when the company has: A simple question suddenly becomes complicated: Should every location purchase its own office supplies, or should the company centralize procurement? Both models have advantages. Centralized procurement can improve pricing, standardization and control.
Introduction Every procurement team knows the conversation: “Supplier A is ₹10 cheaper. Why are we buying from Supplier B?” On paper, it sounds like an easy decision. But procurement is rarely that simple. A cheaper product can sometimes lead to higher consumption, more wastage, frequent replacements, operational delays, employee time spent resolving issues, or emergency
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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