Category: Suppliers

What are the 7 stages of procurement? These are the 7 important steps in the procurement process: Watch, Read, Listen

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. The COVID-19 pandemic is a global health crisis without…

By 2022, the government plans that one third of its spend on goods and services will be with SMEs including VCSEs, either directly or through the supply chain. The challenge for SME’s is navigating the procurement process, for suppliers without big bid teams or appropriate expertise this can be a daunting task. The main factors determining…