When we talk about procurement today, it should be viewed as much more than a simple financial transaction. In fact, when considered strategically and applied correctly, social procurement can help local communities achieve their government’s economic, environmental and social objectives while underpinning a productive supply chain. With the right implementation, social procurement can easily become a critical tool for achieving a stronger triple bottom line for corporations, helping them meet investor and customer objectives and reduce their risk over the long run.
THE OMX BLOG
Procurement opportunities, insights, and market intelligence
OMX is the world's most powerful procurement database and platform. We connect buyers and sellers in global supply chains and ensure that you have access to the best and most relevant opportunities.
Latest posts in procurement
In today’s global market, political and economic instability can catalyze market turbulence all too often. On top of this, changing trade laws and disruptive policy developments are beginning to perpetuate the business world. As a result of these unstable times, businesses are encouraged to enforce well-defined procurement processes in order to better manage their supply chain and any associated risks.
Partnering Up with SMBs and Building Your Business' Success
In the case of a strategic business partnership, bigger isn’t always better. In fact, opting to support small-medium-businesses (SMBs) could lead to the success of both your company and your new partnership. The reasoning behind this has been succinctly described by Business Tech Africa as when an entity grows beyond a particular size, it runs the risk of becoming slower in adapting to change.
Can you supply prototype tooling and composite parts?
Taiga Motors has just released an OMX-exclusive RFI for the production of prototype tooling and composite parts. This opportunity will expire at 05:00 PM EST on Thursday, January 31, 2019.