When procurement is done right, it leads to: ✅ Smarter spending ✅ Stronger supplier relationships ✅ Seamless operations ✅ Better results But often, inefficiencies creep in: ❌ Delayed approvals ❌ Missed cost-saving opportunities ❌ Supplier conflicts ❌ Repeated errors Here’s how to master procurement: 1️⃣ Need Identification Understand what your organization needs and define clear specifications. KPIs: Percentage of accurately identified needs, number of specification revisions. 2️⃣ Purchase Requisition Formalize internal requests and streamline approvals. KPIs: Requisition approval cycle time, percentage of requisitions approved without revisions. 3️⃣ Supplier Identification Research and shortlist suppliers based on capacity, reliability, and quality. KPIs: Number of qualified suppliers identified, supplier qualification lead time. Etc Website: https://stan.store/Kingslys/p/cargocheatsheets-membership