Procurement of materials is not just Purchasing, it is about CREATING VALUE”- IPR General Trading
Industrial giants in Middle East and Africa mainly industries such as Energy, Power plants, Smelters, Oil, Gas and Petro-chemical refineries shall understand that Procurement has become Crucial department as 80% of their organization spend goes through Purchasing General material and Raw materials.Procurement goes with V-E-D, Vital essential and desirable items and procuring from their current suppliers and OEMs at the best competitive price to enhance their plant operation and augment business performance.Procurement has become a catalyst of change during the pandemic when the entire supply chain globally was disrupted and post covid prices have skyrocketed in 2021-2022 with lack of supplies for some crucial commodities.Procurement is now not merely Procurement-To-Pay by connecting with suppliers regarding competitive bids and attain fixed term contracts that fairly based on price. We must think…
