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.
I am new to my position at a young company that offers something exclusive that I feel would be helpful to ANY industry that uses office chairs. How do I find procurement companies to get our information to?
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.
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! 📚🌐
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! 🌟✨
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.
This video was informative and helpful. I now have a clear understanding between procurement and finance within a organization. Thanks again 👍
Thank you so much! So glad you enjoyed it and learned more about procurement!
@@MVCLogisticsAcademy yes! Definitely helped me!
The document was really clear and precise. Now i understand the principle best. Thank you
You are very welcome, I am glad you found it useful!
These principles are very important and procurement staff should follow those principles when they dealing procurement activities.
Yes, I agree. I think having standardized S&OPs that include these as a basic guideline could benefit any department.
Thanks for the talk on supply chain management , procurement and finance related issues.
My pleasure! I am glad you are enjoying it.
Allow me to ask, is there any order here for the principles of procurement?
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.
Great Information! Thank you!
So glad you are enjoying the content, thank you for watching 🙂
Great prof.
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🚀💡
Thanks
I am new to my position at a young company that offers something exclusive that I feel would be helpful to ANY industry that uses office chairs. How do I find procurement companies to get our information to?
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.
Helpful thanks
Glad it helped
Could you plz more explain the Fairness, transparency, and integrity?
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! 🌟✨
Thank you it is so useful for me could you please send me the book about procurement and logistic
Procurement, Principles, and Management (11th Edition)
Author: Peter Bailey, David Farmer, Barry Crocker, David Jesson, and David Jones
please talk about marketing logistics
Thank you for the suggestion, we'll work on a video on it for you!
good Morning
very very good
Good morning, thank you so much! 😀
Raise your voice, professor
I will try to get better audio equipment. thank you for the suggestion.
Thanks
hello ma'am , i do not understand ur fast english but look this video only to see you becoz you are so cute☺ and charming
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.