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Improving Your Company’s Procurement Process

Purchasing used to be the preferred term to refer to the process or department that handles a company’s supply chain. Each organization has a team that ensures that every material, supply, equipment, and services-from paper clips to flat-screen TVs to commercial cleaning supplies that are needed to run the business are available on time for employees to use to ensure delivery of products and services to end customers. In the 1960s, you have titles on business cards that read “Purchasing Manager.” Today, companies have Chief Procurement Officers (CPOs), and they typically form part of the executive leadership team that drives the corporate engine.

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Build Loyalty in Your Company

Good employees are the backbone of every company. However, changing times and a stricter economy has made retaining them a tall order. Companies are waging salary wars, and head-hunting is an accepted norm. The companies with higher offers often get their men, but it’s not always the case. Cultivate loyalty in your employees, and you’ll find out that it’s not always about the money.

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