Hearing about the word "Procurement Sustainability" often directs us towards the impact our procurement processes might have on the environment and society. It is also synonymous with using recycled products, sourcing goods from eco-friendly suppliers, or integrating CSR. But the term "procurement sustainability" encompasses a whole other concept as well, which is similar. If we look at the word sustainable, its literal definition is "able to be used without being completely used up or destroyed." So, sustainability can be referred to as "a value-driven approach that are vital to long-term success."
When businesses and organisations make purchases, each one has to be justified and accounted for. All purchases should be recorded in detail so they can be easily reviewed when needed. However, managing purchase orders (PO) can get complicated. The bigger your business and supplies are, the more challenging it can get. This is where an efficient purchase order management process comes into play!
A good warehouse management system can aid your organisation’s operational efficiency. It can also help in inventory management and control. Even though you will find various warehouse management systems in the market, you need to choose one suitable for your organisation.
Maintaining a small or medium-sized warehouse inventory can test your limits. It is a task that requires nerves of steel along with proper planning. Inventory accuracy is one of the most crucial factors to run warehouse operations smoothly. In simpler words, inventory accuracy means that the warehouse stock is counted and matches perfectly with the number of products shipped from the factory.
A team from the Institute of Supply Chain Management are once again taking part in a charity walk to support Walking With The Wounded’s ‘Walking Home For Christmas’ campaign.
Excel is always talked about as an essential component in any modern business, yet few people understand just how crucial Excel can be to a successful operation. The package has many formulas and functions that can be used in data analysis, reporting, and planning. It's also versatile and can be customised to meet the individual needs of each business, department or user.
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