Giselle Lo

89% sourcing professionals are considering freelance as a long-term career

Full-time job opportunities have shrunk for sourcing professionals during the pandemic, according to the BuyHive report.  Sourcing and procurement professionals provide a vital link between exporters and global buyers and are typically employed by the latter for identifying and dealing with local manufacturers and suppliers. India is home to over two million sourcing professionals, according …

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BuyHive makes sourcing from Asia easier with new Global Expert Sourcing Network platform

Platform to serve international buyers worldwide; to provide buyers a trustworthy and quality sourcing experience powered by independent experts Hong Kong, February 17, 2022: Hong Kong-based BuyHive today announced the global launch of its ‘Expert Sourcing Network’ platform to serve B2B buyers from around the world. The company said its platform will provide buyers a …

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8 books every procurement professional should read

A procurement professional should know how to influence and negotiate, the basic business drivers in their organization and how they impact them, how to budget and set timelines, what world class procurement looks like and how to use rigorous spend analysis to drive prioritization and performance. These 8 books can equip supply chain professionals and …

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Top 10 things garment and textile buyers should consider

The fashion industry is unique in that it is extremely unpredictable, competitive, and has low barriers to entry for new brands. The price of high street fashion has fallen dramatically in recent years, as big brand houses fight to stay relevant and maintain both their market share and brand equity. For many brands, this means …

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Product Teardown – what makes up a tub of your favourite moisturizer?

The phrase ‘Knowledge is power’ is certainly true when it comes to sourcing products at the best price and terms possible. In this product teardown, we outline the components of a standard tub of moisturizer, share a free template of a cost card, and explain how powerful a product teardown can be to a procurement …

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​​The supply chain crisis: How procurement is key to future proofing our supply chains

In recent decades, US and EU markets have outsourced a lot of their production to lower cost centres in Asia. Now with the rampant rise in transportation costs (up approximately 500% in the US from a year ago[1]) and energy costs (oil prices are up by more than 65% since January[2] ), the entire supply …

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Top Four Barriers to Procurement’s Contribution to Innovation

It is understood that procurement innovation is vital to growth. In recent years, businesses have been working hard to reduce their costs to keep their companies going, while still maintaining customer satisfaction. As the economy begins to get back on its feet, organisations are repositioning their focus towards growth, which is heavily reliant on the …

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Top 5 Clauses Procurement Professionals Should Watch Out For in Contract Negotiations

When working in the procurement field, a procurement contract is something that is, obviously, unavoidable. A procurement contract (sometimes called a purchase contract) is a document that establishes a legally binding relationship between buyers and sellers. Procurement is an important element of any company, and their overarching corporate strategy. A contract review checklist and subsequent …

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