Posts Tagged ‘procurement’
Category Management in Procurement and Supply
Why Choose this Training Course This is a 4-day training course. With increasing focus on procurement activities category management is gaining in importance. With procurements maturity and diminishing returns from strategic sourcing category management is raising its profile as a business approach. Category management is a continuous and embedded process that demonstrates agility to meet…
Read MoreMasterclass in Strategic E-Procurement
About this Training Course Effective procurement is nowadays even more fundamental to the success of an organisation. On average, organisations spend fifty percent of their income on buying the goods and services that they need to be successful – and in some sectors this can thiscan exceed eighty percent. It is imperative that this expenditure…
Read More5 Best Practices for Negotiating EPC Contracts
Estimated reading time: 5 minutes When managing Engineering, Procurement and Construction (EPC) contracts, it is important to be able to negotiate effectively through taking measurable steps to improve your negotiating position to have the upper hand. Especially for EPC contracts, where projects are complex and huge in scale, achieving optimal results requires a well-prepared comprehensive…
Read MoreRise of Procurement Fraud in Southeast Asia And How to Prevent It
Estimated reading time: 4 minutes In recent years, procurement fraud, also known as contract fraud, is becoming more commonplace across Southeast Asia. With the region’s predicted GDP to be US$4 trillion by 2022, it is going to become the fifth-largest economy worldwide. This puts the ASEAN market in the international spotlight, further highlighting…
Read More6 Best Practices to Increase Supply Chain Value
Estimated reading time: 5 minutes Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. SCM involves the integrated planning and execution of processes to…
Read MoreBilling Fraud and How to Spot them
Estimated reading time: 3 minutes Combating procurement fraud is vital due to the disastrous impacts’ procurement fraud brings. In Southeast Asia, procurement fraud costs US$140billion each year. Nearly all organisations will have been victims of procurement fraud and the consequences can be much greater than the value of the fraud. The most common types of…
Read MoreApplication of EPC contracts in the Global Power Industry
Estimated reading time: 2 minutes The private sector is learning more towards more Engineering, Procurement and Construction (EPC) contracts when taking on large scale infrastructure projects. In every project, it is necessary to have good contract management in place; otherwise it can have negative consequences for all stakeholders involved. It will also affect the…
Read MoreTips On Running A Successful Tender Process
The primary function of a procurement office is to obtain the required items at the right time, in the correct quantities and at the most favourable prices. As a process and a concept, tendering is basically a simple undertaking in which everyone involved understands where tenders come from, what information must be made available, and…
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