Tag: #SupplierManagement
Project Procurement Management: From Transactional Buying to Strategic Partnership
The procurement process had followed our standard approach meticulously. We had issued a detailed RFP, received proposals from seven qualified vendors, conducted thorough technical evaluations, and completed reference checks. The selection criteria were clear: technical capability, cost competitiveness, delivery timeline, and past performance. By every rational measure, we should have selected DataSystems Inc., the lowest-cost…
Project Procurement Management: From Pain Points to Power Moves
1. Why Procurement Deserves More Respect Procurement isn’t just buying stuff; it’s risk management, value creation, and relationship building rolled into one. Projects increasingly depend on third parties for critical resources—missed deadlines, cost overruns, and quality issues almost always trace back to procurement missteps. 2. Core Steps to Smart Procurement 3. Real-World Stories That Hit…
