article thumbnail

Strategic Procurement — Everything You Should Know

Procurement Tactics

Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. Category Management Category management sorts your spending into areas with the same supplier markets. It enables the company to foster a deeper collaboration with its suppliers.

article thumbnail

Building an Efficient Company From Top to Bottom

SCMDOJO

The right supply chain management software can make it much easier to track your orders, manage relationships with suppliers, and ensure all duties are allocated correctly. If your business has dispensing/impregnation needs for product creation, then you better look to good suppliers like bdtronic.