Working in the Procurement Industry takes a lot of hard work and skills and despite putting in all the efforts, sometimes Procurement Professionals don’t get enough credits. Despite that being the case sometimes, people working in the procurement industries still do their job with a lot of passion.
Procurement, if you are not already aware of the term is the process of finding resources, agreeing to terms, acquiring goods and services and negotiating tenders with potential vendors and suppliers in the interest of a business organisation.
Procurement is a very important aspect as business and although people don’t talk about it too much (people are more prone to talk about the marketing or financing part of business), it requires a lot of hard work to build a procurement system that works.
It is no secret that a business cannot operate effectively without a proper procurement management. Therefore before you even begin thinking about running a business, you should always do your due diligence and do some research into how a procurement system works.
The term procurement in business might not be as popular as its other camaraderie like marketing or logistics but it is indeed one of the most important aspects in ensuring a business is successfully running and is able to make profits. Continue reading “The Procurement Landscape in Malaysia”
Starting a business in Malaysia and need some help with your procurement needs? Here are our list of the top 10 Procurement Companies in Malaysia.
Procurement is a big part of business that plays a huge role in helping businesses save cost and maximise their profit. However, unlike other departments like accounting and marketing, the role of procurement is seldom talked about. In fact, there are some people who still confuse procurement with stock take or delivery services.
In today’s age and era it is rarely that one thing serves only one role. Instead, most things whether it be businesses, organisations and even products often have multi-purposes. Such is true for procurement and churches.
Procurement can help businesses with a lot of things. It can help increase profit, it can help businesses source out top quality resources for their product and services and it can also help them build their brand – believe it or not.
Procurement does more than just sourcing out the best resources for a business and ensuring they have the best deals and quality materials. It also ensures your drivers have the best routes, best delivery deals and ensures your resources get stocked up even when everyone else’s stock is running low. Pretty simply put – it helps a business to stay running and continuously make profit.