Author: Michael Higgins

At some point or another, every company faces a procurement issue. This could happen due to factors you can’t control such as low-quality suppliers and materials. It might also occur due to higher lead times from the suppliers. Sometimes, the market rates may also play their role in creating issues.  However, these issues can also be caused due to faulty and incompetent tools and processes. Many companies also face issues with internal communication which can result in procurement fraud and data duplication.  The Costs Involved  Poor procurement processes can lead to higher expenditures. In fact, your costs can increase by…