Still treating prequalification as an administrative task? You’re not just behind the curve, you’re putting your sourcing strategy at risk.

In modern supply chain management, the terms procurement and sourcing are often used interchangeably—but they’re not the same thing. Knowing the difference isn’t just semantics; it’s the key to smarter, more strategic operations. Procurement ensures goods and services are acquired efficiently and on time. Sourcing is about identifying and building