Procurement Principles (Supply Chain Basics) 

Thank you so much! So glad you enjoyed it and learned more about procurement!

​@@MVCLogisticsAcademy yes! Definitely helped me!

Yes, I agree. I think having standardized S&OPs that include these as a basic guideline could benefit any department.

You are very welcome, I am glad you found it useful!

My pleasure! I am glad you are enjoying it.

So glad you are enjoying the content, thank you for watching 🙂

Glad it helped

Thank you so much! 🌟 Your kind words mean a lot to me and the entire team. We're thrilled to hear that you enjoyed the content🚀💡

Hello, thank you for commenting. I would say there is no particular order, but rather there will a flow to the procurement principles based on the way your team/department works internally and externally.

Thank you for the suggestion, we'll work on a video on it for you!

Since you are a young company, I would go with a social media strategy that highlights the useful features of your products in a fun manner that would target the viral trends out there. This would be cost effective if your budget is limited, and has the potential to access a large audience if done right.

Procurement, Principles, and Management (11th Edition) Author: Peter Bailey, David Farmer, Barry Crocker, David Jesson, and David Jones

Of course! 🌟 I'd be delighted to provide more insight into the principles of fairness, transparency, and integrity in procurement. Fairness: In procurement, fairness means ensuring that all suppliers and bidders are treated equitably and have an equal opportunity to compete. It's about creating a level playing field where no one has an advantage over others. Fairness is achieved through open competition, unbiased evaluation processes, and clear criteria for selecting suppliers. It's essential to prevent favoritism or discrimination and to build trust among all stakeholders. Transparency: Transparency is the cornerstone of a sound procurement process. It means that all actions, decisions, and transactions are visible and can be easily understood by relevant parties. Transparent procurement processes involve clear documentation, open communication, and disclosure of information to suppliers and the public when necessary. Transparency fosters trust, accountability, and confidence in the procurement process. Integrity: Integrity is about maintaining the highest ethical standards throughout the procurement process. It means acting honestly, ethically, and without conflicts of interest. Procurement professionals should adhere to codes of conduct and ethics, avoid bribery or corruption, and make decisions solely based on the best interests of the organization. Integrity ensures that the procurement process is conducted with credibility and trustworthiness. I hope this clarifies these principles for you! If you have any more questions or need further explanations, feel free to ask. Your curiosity and engagement in our content are greatly appreciated! 📚🌐

Thank you so much for the broad explanation@@MVCLogisticsAcademy

You're very welcome! 😊 I'm thrilled to hear that our explanation was helpful to you. If you have any more questions or if there's anything specific you'd like to learn about, feel free to ask. We're here to help you on your learning journey! 🌟✨

Good morning, thank you so much! 😀

Hello there, thank you for your kind comment. I have tried to speak more clearly in more recent videos, so I hope you can better understand those. I also add captions to all the videos, so it might help to turn those on.

I will try to get better audio equipment. thank you for the suggestion.

Thanks