Blog

What is Direct Procurement? Advantages, Process & Examples

Speaking of the traditional procurement paradigms, it is possible to categorize spending into two different categories, which include direct procurement and indirect procurement. Also referred to as direct cost and direct spend,” direct procurement refers to the process of obtaining the raw materials, services, and goods, which provides the prerequisite support to the production of …

What is Direct Procurement? Advantages, Process & Examples Read More »

What is the Function of Planning?

Function of planning refers to the steps you should take to reach a specific goal of your business. The planning process includes a careful analysis of the latest market trends and current resources. Moreover, it includes the prediction of future demand and emerging markets. The function of planning is regarded as an integral function of …

What is the Function of Planning? Read More »

What is Corporate Planning? Types, Process & Importance (2023)

Planning is considered an indispensable part of businesses, as it offers direction to complete daily actions easily. Corporate planning helps prepare the required course of action to complete different business activities. You will be able to execute the business plan easily through the corporate planning process.  As you gain an understanding of corporate planning, you …

What is Corporate Planning? Types, Process & Importance (2023) Read More »

What are Industrial Trends? Industrial Manufacturing Trends (2023)

Trends are critical for brands because they provide businesses with the best option for breaking the latest market boundaries. Analyzing industrial trends is critical for launching your business. The ideal industrial sector trends analysis presents the most recent opportunities and ideas. These trends enable the business enterprise to communicate its values to potential brands in …

What are Industrial Trends? Industrial Manufacturing Trends (2023) Read More »