As a layman or someone new to the business world, one might use procurement and purchase interchangeably. It might not make a lot of contradiction for small organizations, but with time, if you do not understand how different both of the terms are, it would make your business suffer. Failur...
What is main function of e-procurement? What are the e-procurement tools? What are the key elements of e-procurement? What are best practices for implementing e-procurement systems? What are the potential risks associated with e-procurement?
What are the five pillars of zero trust? The five pillars of zero trust, based on the Cybersecurity and Infrastructure Security Agency’s recently published Zero Trust Maturity Model Version 2, are identity, devices, networks, applications and workloads, and data. These five pillars work together...
Enterprise asset management (EAM) features a holistic network of controlled systems, software, and services dedicated to maintaining physical assets and infrastructure throughout their entire lifecycle—from asset procurement to disposal. An EAM system ultimately lets organizations optimize the performance and...
While ERP is not a one-size-fits-all fix, the underlying principles of successful ERP systems are similar across the board. The History of ERP The ERP solutions of today began over a century ago. In 1913, an engineer named Ford Whitman Harris developed a solution called the Economic Order...
Figure 1: MANAGING THE CHAIN.Five general phases of supply chain management. Encyclopædia Britannica, Inc. Is the supply chain the same thing as the value chain? Supply and value chains are related, but the answer is no. Their aims are mutually supportive, but different. The supply chain...
First they analyse the national context in which the ATI law is working: what are the strengths and the gaps; is it aligned with international standards? Is it Tromsø convention ratified? If so, has there been a recommendation from the Group of States Against Corruption, GRECO? Are they ...
Five broad overarching themes and 11 subthemes were identified based on the articles’ foci. They were: trade agreements (divided into EU FTAs and those that include the USA); use of TRIPS flexibilities (divided into compulsory licencing and parallel importation); patent expiry/generic entry/gener...
Outside of marketing, I’ve worked as a trainer and business owner. While I love the work I do, it’s just as important that I get paid for my efforts, so purchase orders (POs) are a big part of my day-to-day. A purchase order (PO) is a document that buyers send to suppliers...
Here are the five stages of a project, from its initiation to post-mortem. Additionally, project management professionals identify multiple discreet areas they must manage as part of their roles and responsibilities. The following areas commonly make the list: ...