Why South African businesses should leverage trustworthy data for better procurement choices
Mitigating the risk of procurement fraud and other irregularities is possible by equipping organisations with the tools necessary to improve transparency, decision-making, and cost-effectiveness in procurement, says Sameer Kumandan, Managing Director at SearchWorks – South Africa’s largest online data aggregation platform.
The procurement department serves as a pivotal entity within an organisation, entrusted with the monumental task of procuring goods, services, and works from external suppliers. Its significance lies in ensuring that the company gets the best possible value for money by making informed decisions that positively influence operations and profitability, while navigating a world of commercial complexities and avoiding the pitfalls of fraud and other irregularities with the...