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IISCM

Integrated Institute of Supply Chain Management, a unit of Fhyzics Business Consultants Private Limited specialising in supply chain management consulting and education. IISCM trains and certifies SCM professionals in procurement, supply chain management, inventory, and warehousing.

Procurement Terminology – Cost-Out Approach

 

In the realm of procurement, the term "Cost-Out Approach" serves as a strategic methodology aimed at identifying and eliminating

In: SCM

Procurement Terminology – Buying Off Contract

 

In the world of procurement, the term "Buying Off Contract" refers to a situation where an organization procures goods or services without

In: SCM

Procurement Terminology – Capability

 

In the realm of procurement, the term "capability" represents a multifaceted concept that underscores an organization's capacity to

In: SCM

Procurement Terminology – Breakthrough Result

 

In the realm of procurement, the term "Breakthrough Result" signifies a momentous achievement that goes beyond incremental

In: SCM

Procurement Terminology – Annual Planning Cycle

 

In the dynamic world of procurement, the term "Annual Planning Cycle" stands as a cornerstone for strategic decision-making and

In: SCM

Procurement Terminology – Teams and Conditions

 

In the realm of procurement, one term that holds significant weight and importance is "Terms and Conditions." These terms serve as the

In: SCM

Procurement Terminology – Purchase Order

 

In the realm of procurement, the term "Purchase Order" stands as a pivotal concept, representing a formal document that signifies an

In: SCM

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