ProcMart

We're honored to receive an award to achieve this prestigious award for "BEST PROCUREMENT TECHNOLOGY PROVIDER" presented by SCMPro Forum in the 6th ILSC Awards 2020, Powered by the Institute of Supply Chain Management (ISCM) for impacting procurement success through the development of an effective, agile, efficient, and innovative technology platform for indirect purchasing.

As a purchasing manager, you have to decide everything within your power to make your company’s procurement team as efficient and effective as possible.

By leveraging procurement analytics and tracking the following eight key performance indicators (KPIs), you will be able to clearly see whether your procurement team is delivering the value-add you plan.

SOME TIPS TO MAKE VMI WORK

1. Trust and collaborate to elucidate expectations and make them realistic
Both parties must be engaged in truthful discussions to guarantee everyone realizes the risks and yields of this arrangement.

2. Share information flawlessly
The quality of information shared between the two parties determines the success of a VMI system.

3. Strong communication to synchronize data
Each side must prevent a breakdown in communication by discussing goals and progress towards achieving them.

4. Align objectives
Fix goals very clearly such that both parties work together in achieving aligned goals. Decide whether the joint objective is to add operational and working capital efficiency to a mature, stable process via VMI or to enhance the effectiveness of a process by tackling definite pain points?

5. Let business directions and parameters administer the process
Minimum safety stocks, demand-variable safety stocks, lead times, manufacturing, and shipping calendars help certify you achieve service levels and manage risk efficiently.

6. Re-assimilate orders
The orders must automatically post to the supplier's order processing system.

7. Be flexible
A good VMI tool must accommodate variations in demand or transportation status.

As more and more people are now e-customers, thus have increased the demand for shipping.

As a result, businesses are becoming more willing to spend to increase the investment, efficiency, and quality of their shipping.

Shipping is now a more important part of logistics than ever and businesses must provide better shipping options to their customers to stay competitive.

The current crisis is an opportunity to reorganize a system by creating smart supply chains which are key to building a global trade and investment network that’s capable of surviving future storms.

Thank you 🤗 for making the workplace a fun place to be.

It has been a pleasure to work with you. Farewell, and wish you all the success for your future endeavors.

All the Best🎉 👍

The MRO spend category incorporates a multitude of products, services, and suppliers that are crucial for a business’s day-to-day operations.

Certain studies show that it accounts for between 15 and 40 percent of a company’s annual procurement budget therefore, MRO spends category has a high opportunity for cost savings.

But the sad news is, MRO procurement often doesn’t receive the time and consideration essential to enhance its performance and offer effective cost reduction, inventory accuracy, and lasting value.

Understanding and executing best practices for MRO spend can help in achieving the following goals to enhance the competence of the business as a whole.

Thank you for being such a valuable member of the team. We greatly appreciate and value your hard work.

We wish you continued success in your career. Happy 2nd Work Anniversary!

🔸Celebrating The Spirit of Freedom🔸

Happy Independence Day 2020 from the entire Team.

On your 3rd anniversary with , we want you to know what a pleasure it is to work with someone so driven and dedicated as you are.

Thank you for being such an important asset to our team. Congratulations!

Every single Procurement Policy must include these five pillars, if any of them is ignored the entire procurement system falls apart.