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 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
Introduction Procurement is no longer just about sourcing products at competitive prices. Businesses today face increasing risks from supplier failures, logistics disruptions, price volatility, regulatory changes, and unexpected market events. Without a structured risk management approach, these challenges can lead to stock shortages, delayed operations, increased procurement costs, and dissatisfied customers. Procurement Risk Management helps
Introduction Choosing the right supplier is only the first step in building an efficient procurement function. Long-term procurement success depends on how effectively businesses manage supplier relationships after onboarding. Organizations that build strong supplier relationships often benefit from better pricing, consistent product quality, priority service, faster issue resolution, and improved supply chain resilience. This process
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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