6 mistakes inexperienced procurement executives make
Everyone makes mistakes. Let us discuss the 6 that inexperienced procurement professionals make. And how to avoid them
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22/04/2021
Opportunity cost
Another selfish attempt to clarify a term to me. I have heard of “Opportunity cost”, but never went deep into it until a friend asked me what this means.
09/02/2021
Procurement jargon
In procurement, we use a lot of three-letter acronyms and this resulted in a jargon that is sometimes confusing. So, what are RFQ, LPO, LPR, SLA, SRM, preferred suppliers, reverse auctions, e-tenders …?
25/01/2021