How To Elevate Your Company’s Procurement Process
The turbulence of recent years has underscored the critical importance of an organization’s ability to manage its cost base, as a business’s expenses can determine its success or failure in volatile environments. In response, the expectations placed upon procurement teams have evolved far beyond the traditional role of supply chain management. Today’s procurement leaders are […]
How Procurement Is Influencing Top Business Priorities
Procurement leaders have helped their midsize companies navigate significant supply chain disruptions, changing consumer preferences, new sustainability commitments, and more over the last few years. And in the coming year, their contributions can be even more critical to the core business. Recent Oxford Economics findings indicate that procurement organizations worldwide are shifting away from their […]
Survival Of The Techiest: How AI Is Helping Future-Proof Procurement
As the US government continues defining its rollout of new tariffs, procurement professionals are keeping a close eye on how shifting trade policies will impact prices, supply chains and existing relationships. These tariffs have contributed to the ongoing disruption of procurement following the pandemic, which dramatically expanded the scope of the function. According to Gartner, […]
What Is Inventory Turnover and Why It Matters for Your Business
In today’s increasingly competitive business environment, operational efficiency is not just a goal but a necessity for long-term success. One of the most critical aspects that business owners in Malaysia must pay attention to is inventory management. More specifically, a key indicator of efficient inventory management is inventory turnover — the rate at which a […]
Why Every Malaysian Supplier Needs a Solid Business Plan to Succeed
A business plan is far more than just a formal document. It serves as a roadmap that helps entrepreneurs navigate their business journey, measure progress, and face challenges with well-prepared strategies. For suppliers in Malaysia, a well-developed business plan can be the difference between a business that thrives and one that struggles to stay afloat. […]
Customer Review: The Secret to Gaining Trust
Imagine an online store that starts off with low traffic, but suddenly experiences a surge in customers, all because of one positive customer review that went viral on social media. On the other hand, a single poorly handled negative comment can significantly damage a brand’s reputation built over many years. This demonstrates just how powerful […]
