Basics of Procurement - Beyond Cost Control

Basics of Procurement - Beyond Cost Control

Welcome to this week's edition of The Networking and Learning Group (NLG)'s newsletter ! In this issue, we are brining to you a podcast which was recorded on the Basics of Procurement.

According to the Harward Business Review ,?"Procurement is the process of finding, agreeing terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process."

Featured Content

?? Podcast: "Basics of Procurement - Beyond Cost Control" ??Listen to the full episode on Spotify I Apple I Podbean I Amazon I You tube I

???Podcast Guest : In this episode of the NLG Talks Podcast, we are joined by Deepak Thiru alongside our NLG Panel member, Eshwar Padhmanabhan

??About the Guest Speaker - Deepak is an experienced ISM-CPSS? Certified Professional with a robust understanding of end-to-end sourcing and procurement operations. Proficient in handling various aspects of the S2P (Source-to-Pay) and P2P (Procure-to-Pay) cycles, along with expertise in risk management, vendor development, RFx management, category management, stakeholder management, change management, compliance, adherence management, and spend management. He Holds a Bachelor's Degree (B.E) in Mechanical Engineering and is currently pursuing a Postgraduate Executive Diploma in Logistics & Supply Chain from LIBA.

?? In this episode, Deepak discusses

  • Definition of Procurement
  • Purchasing Vs. Procurement
  • Subsets of Procurement
  • Sourcing

Also, please listen closely to the case studies where Deepak explains how cost control is not only the end goal of every procurement actions but it's all about value creation.

If you like the episode, please follow us and stay tuned to our upcoming podcasts.


Listen to the podcast by clicking below :

https://podcasters.spotify.com/pod/show/nlg-talks/episodes/Basics-of-Procurement---Beyond-Cost-Control-e2jrfcc


??You might be interested in:

  1. Fundamentals of Lean Management
  2. Sustainable Banking Practices: Integrating ESG for a Greener Future
  3. Optimizing customer experience with seamless SCM Operation


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#ProcurementDefined #ProcurementInsights #PurchasingVersusProcurement #ProcurementEducation #ProcurementExplained #SubsetsOfProcurement #SourcingStrategies #ProcurementInsights

Deepak Thiru CPSS?

ISM-CPSS? Certified |End-to-End Sourcing & Procurement Operations | Vendor Management |

5 个月

Jaison Abraham thank you for wonderful collaboration in the podcast.

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