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Showing posts from September, 2019

e-Procurement or Manual procurement?

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e-Procurement or electronic procurement refers to the process of purchase and sale of goods or services through electronic methods, primarily the Internet.  Supply Chain Management is vital for any business. Organizations invest a lot of resources in the process of procuring goods, services and raw materials. So, an efficient and stream lined procurement process is a huge advantage for businesses. e-Procurement consists of Indent Management, RFX creation, e-Tendering, e-Auctioning, Vendor Management and Contract Management among other processes. An e-Procurement solution can automate the whole process, thus saving the organizations from the hassle and irregularities involved in manual procurement. The e-Procurement suites may differ on the basis of what they offer to the user. The main components of a typical e-Procurement suite are the follows- 1. Indent Management: This process is basically the first step involved in e-tendering . Indent creation or the creatio...

Five Reasons You Should Consider a Career in Logistics

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Logistics is one of the most important career fields in the world. Without the planning and execution of the distribution of resources, society as we know it would cease to function and food shortages would cause chaos around the world. Every company uses logistics even though full-time logistics managers may not be employed. The work of a logistician begins with bringing in the supplies and raw materials necessary for a business or organization to operate.  Inbound logistics are then used in conjunction with outbound logistics to distribute products or services where they are in demand.If you are thinking about a career change, the field of logistics has much to offer. New opportunities are opening in logistics:  Estimates provided by the U.S. Department of Labor show that logistics jobs will increase in number by 25.5 percent from 2010 to 2020. This estimate means that an additional 27,800 jobs will have been created in this timespan. Advancement op...