Best Procurement Strategies for Small and Medium-Sized Enterprises (SMEs)

For small and medium-sized enterprises (SMEs), procurement is a critical function that can directly impact operational efficiency, cost control, and overall competitiveness. However, many SMEs struggle to implement effective procurement strategies, often due to limited resources or a lack of specialized expertise. By adopting the right approaches and leveraging modern technology, SMEs can streamline their procurement processes and gain a significant edge in today’s competitive landscape.