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 – Season 2 | Episode 3: Sales and Operations Planning – Forecasting
In a world of shifting consumer demands, supply chain disruptions, and rising service expectations, organizations cannot afford to plan reactively. Forecasting, when embedded within an effective Sales and Operations Planning (S&OP) framework, acts as a strategic tool to navigate uncertainty and drive performance across the value chain. S&OP brings together diverse functions—sales, marketing, finance, operations, and procurement—to create a unified, forward-looking plan. At the core of this alignment lies forecasting, the process of predicting future demand to support balanced and informed decision-making. Read More..
Knowledge Series — Episode 5 Supplier and Relationship Management
Strong supplier relationships are no longer optional — they’re essential to building a resilient, innovative, and high-performing supply chain. Organizations must move beyond transactional procurement and invest in strategic partnerships that deliver long-term value. “In the future of supply chain excellence, your suppliers are not just vendors — they are strategic allies who can drive innovation, resilience, and sustainable growth.”Read more
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
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