Rajat Narula

    Procurement in India has evolved from a transactional, cost-focused function to a strategic pillar that shapes business resilience, innovation, and competitiveness. Yet, procurement professionals in India face a complex landscape fraught with operational, technological, regulatory, and talent-related challenges. This article explores these challenges in detail, supported by real-life examples from various sectors. Key […]

Procurement and Procurement Spend. Purchasing. Commodity Management. Category Management. They are all running their own businesses within their companies, or at least they should be, whether they realize it or not. Goods and services spend in many companies is the largest, or one of the largest, expenses. And all of this is managed by Procurement

  Strategic Sourcing: The Foundation of Effective Procurement   Strategic sourcing is far more than simply choosing suppliers. It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. Done well, it can become a key driver of competitive advantage.   Key Benefits of Strategic Sourcing   Building