Outsourcing Procurement: The 2 Types of Procurement and how to Minimize their Cost

Direct Procurement: The process of acquiring raw materials and goods for production means direct procurement. Indirect Procurement: The act of purchasing supplies or services to function properly on a daily basis is considered as indirect procurement. Today, companies fancy outsourcing procurement for the reason that they do not have the expertise to minimise the costs and to be as time …

The Barriers to Entry in Supply: From Start-up to Corporate

1) What do You Mean by the Barriers to Enter a New Market? To enter a new market, a firm or an industry have to compete against some issues. This may refer to the challenges of technological hindrances, procedures and licensing rules laid out by the government, economical expenses of starting a new business etc. George J. Stigler explained a …