Industry Insights

Industry Insights

Definition of Procurement

Procurement is the process of finding, agreeing terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services, or works at the best possible price, when aspects such as quality, quantity, time, and location are compared.[ Corporations and public bodies

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Industry Insights

What is a Logistics Manager?

According to the Department of Labor, a logistics manager is responsible for managing the entire lifecycle of a product, including how it is acquired, allocated, and delivered. A logistics manager oversees purchasing and distribution in a supply chain and while their role is critical to operations, they are often forgotten. Logistics managers must supervise employees,

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