May 9, 2024

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TechWatch Watch AI Agents Transform Procurement APAC

Vendor Managed Inventory (VMI) for Businesses: A Comprehensive Guide

This blog post dives into Vendor Managed Inventory (VMI), a collaborative approach to inventory management that streamlines operations and reduces costs for both retailers and suppliers. What is Vendor Managed Inventory (VMI)? A collaborative vendor-managed inventory (VMI) strategy, where a supplier (vendor) takes partial responsibility for managing the inventory levels of a customer (buyer) at […]

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The Imperative of Responsible Sourcing for Sustainable Business

Sustainable Procurement / By Amit Shah

Environmental and social responsibility are no longer niche concerns for businesses. Today’s consumers and investors increasingly expect companies to source their materials and products ethically and sustainably. This is where responsible sourcing comes in. Responsible sourcing goes beyond simply finding the cheapest supplier. It’s about understanding the entire lifecycle of a product, from raw material extraction to

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The Definitive Guide to ABC Analysis in Inventory Management

Procurement Technology / By Amit Shah

In today’s fast-paced business environment, efficient inventory management is crucial for success. A key tool for achieving this is ABC analysis, a popular inventory optimization technique that prioritizes inventory items based on their value and importance. This guide delves deep into ABC analysis, explaining its core concepts, implementation steps, advantages, limitations, and best practices. What

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