article thumbnail

Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Low-Quality Documentation.

article thumbnail

Q&A With Women Making a Big Impact in Supply Chain

ToolsGroup

Over time, I’ve been fortunate to work in groups where both men and women were well represented, and I’ve had excellent leaders who championed my career by giving me the freedom to chart my own path. The truth is women have long been underrepresented in supply chain leadership. In short: resilience and trust.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Value-Based Purchasing in Healthcare Explained

Precoro

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). In the past 15 or so years, the US, which is known for its complicated and expensive healthcare system, has taken some steps towards value-based purchasing.

article thumbnail

Risk Management in Halal Supply Chains

The Logistics & Supply Chain Management Society

Also Malaysia has dedicated halal parks, 22 in total, supported by halal park guidelines and incentives. The halal trust of a brand is measured through a consumer survey, analysing the consumer perception of the halal logo, excellence, transparency, halal authenticity, and intention.

article thumbnail

Why You Should Conduct Internal Quality Audits

Arena Solutions

However, one crucial caveat to all this growth and opportunity is that—you need to follow industry compliance guidelines and deliver on quality. I take our major KPIs (like on-time delivery, product yield, incoming quality acceptance rate, customer return rate, etcetera,) and use those as guidelines to drive the internal audit process.

Quality 89
article thumbnail

Supplier Onboarding: Tips and Proven Methods

Precoro

And to do so, an excellent supplier onboarding process is needed. Reduces maverick spending Maverick spending refers to off-contract purchases from non-preferred suppliers. The set of requirements will depend on the company's goals and policies, industry, and the type of products or services being purchased.

article thumbnail

We’re hiring a Marketing Assistant!

Provenance

At Provenance, we envision a future where every great product comes with accessible, verifiable information about the people, places and materials behind its creation, helping us all make positive choices about the things we buy. Training and development opportunities. Flexible working options (both location and times).