Knowledge Bites
"Knowledge Bites" a collaborative hub of knowledge. Share your bite-sized wisdom, and let's grow together!
Welcome to Knowledge Bites! 🎉
We are pleased to introduce "Knowledge Bites," our latest initiative aimed at sharing quick, insightful tips and best practices in procurement and supply chain management. Whether you're a seasoned professional or just starting out, "Knowledge Bites" is designed to offer you valuable nuggets of information to help you stay ahead in this ever-evolving field. But we don't want this to be a one-way conversation—we invite all of you to join in! Share your own experiences, insights, and tips. Your contributions will help enrich our community and provide diverse perspectives that everyone can learn from.So, let's make "Knowledge Bites" a collaborative hub of knowledge. Share your bite-sized wisdom, and let's grow together!
Knowledge Series — Episode 4: Legal and Contractual
“Strong supply chains are built on stronger contracts.” In supply management, contracts are not just formalities—they are the guardrails of business partnerships. They define expectations, allocate risks, and protect both parties when the unexpected happens. The legal and contractual aspect of supply management often gets less attention than cost savings or logistics, but its impact is far-reaching. A well-drafted contract can prevent disputes, ensure compliance, and hold suppliers accountable. On the other hand, a vague or incomplete agreement can lead to delays, financial losses, and reputational damage. Read More..
Knowledge Series — Episode 3 Negotiation: Turning Strategy into Value
Why Negotiation is a Strategic Capability? Negotiation isn’t just a conversation over price — it’s a structured and purposeful process that influences supplier relationships, contract terms, service levels, and long-term value delivery. High-performing procurement teams understand that the real value isn’t just agreed upon—it’s negotiated. Negotiation is the critical link between strategy and execution in supply management. It's where preparation, insight, and communication converge to generate real business value.Read more
Knowledge Series — Episode 2 Mastering Category Management: The Key to Unlocking Retail & Procurement Success
What is Category Management? Category Management is the practice of managing product categories as individual business units. It goes beyond just stocking shelves — it’s about aligning products, pricing, promotions, and placements with customer needs and business goals. “Category Management: The Strategic Approach That Transforms Product Groups into Customer-Centric, Profit-Driving Business UnitsRead more
Knowledge Series: #1 – Let's Talk Sourcing
Sourcing is the foundation of an efficient and agile supply chain — and it’s much more than just finding the lowest price or fastest delivery. In today’s complex global environment, sourcing has evolved into a strategic function that plays a critical role in ensuring business continuity, cost efficiency, and competitive advantage. In the world of supply chain and procurement, sourcing is about: Building strong, value-based supplier relationships, mitigating risks across borders and industries balancing cost, quality, compliance, and sustainability, enabling innovation through supplier collaborationRead more
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