Within the rapidly changing and increasingly computerized world, procurement has evolved from an operative, administrative system to a more strategic function. Read views by Rahul Garg, CEO & Founder, Moglix on top five trends shaping the procurement organizations in 2019. Source https://bit.ly/2CxPtGF Procurement Trends 2019: Technology and digitalisation are dramatically changing customer experiences and expectations. Within the…
Harmful Effects of Air Pollution and How to Protect Yourself
What is air pollution? Air pollution is a threat to a healthy life. And, India is in the bottom five countries when it comes to the Environmental Performance Index (EPI). Air has ‘n’ number of pollutants that could be either natural or man-made. It affects everyone but majorly, people with respiratory diseases, heart diseases, children…
Diwali Corporate Gifts for Employees and Clients
The delight and excitement can be felt in the air of this festive season where Diwali will be soon knocking the doors. Diwali is an occasion that is celebrated across the country by exchanging gifts and wishes. And, the gifting is no more limited to friends and family but has entered the corporate world as…
Inventory Management Mistakes to Avoid.
One of the biggest challenges faced by businesses, especially SMEs, that come up time and again is the inventory management issue. Hard to digest, but the fact is that an inefficient inventory management can ruin your business growth. Inventory related mistakes can increase operational costs and affect the inflow and outflow of products thereby disappointing…
Bulk Buying for Business is a Go, Go!
Profit and savings are somethings that keep ticking the clock of a businessmen’s mind. The margin on selling price is one thing. You even need to save on the purchase made for business, and bulk buying is one such efficient method. It saves you from feeling the pinch on your bank accounts. Is it just…
5 Tips to Survive and Grow Your SME Business
In this competitive era, you cannot just wake up, start a business, and get rich. Everywhere there is a cut-throat competition which makes it necessary for you to do every little thing in the right way. You need to know about the cash flow, do a data analysis, study your competitors, know your customers, and…
Quick View: How is Blockchain to Benefit Procurement?
Managing multiple SKUs from multiple suppliers is not an easy task. There are issues of time, trust and transparency with procurement. Blockchain is a technology that eliminates such issues and transforms all digital transactions involved in supply chain and procurement. It acts as cooperation between machines and humans. It builds a trust with a clarity…
Why Does Your Business Need an Online Presence?
Today, every business requires making an extra effort to stand out the competition. To grow your business you need to expand your reach by taking your business online. It is a virtual version of your business allowing people from all over the nation to contact and shop from you.
SMEs of India — Boosting Indian Economic Growth
Small and Medium Enterprise or SME is a silent and powerful revolution occurring in the nation. India has approximately 42.50 million SEMs that make up 95% of the total industrial units. These make a significant share in India’s GDP of around 6.11% in the manufacturing sector and 24.63% in the service sector. Maintaining an average…