Dynamic discounting is an early payment process that benefits both ends of the supply chain, i.e., the supplier and the…
Vendor Management
You will have multiple vendors to do business with as a business, and their numbers will grow up as you…
In the market of today, money and trust are everything. The world runs on money, and people run on trust….
The pandemic changed a lot of things about the way the world operates. While day-to-day operations became difficult, industries around…
re are times when a vendor goes out of business, which means leaving procurement to get products from someone else. There can be various reasons why a vendor may go out of business, the vendor has cash flow issues. The vendor cannot meet supply demand, the vendor has been hit by a global pandemic.
Making preparations for all kinds of situations entails various procedures to take care of; you need to adjust for both online and offline meetings.