In our lives, we procure what we love to have. In order to obtain and achieve our needs, we procure making procurement a lovable process in our daily lives.

Procurement is a much more complicated process when it comes to businesses. The entire success of any business mainly depends on how, when, where and at what cost the procurement is done. It is the beginning of the entire gamut of processes in any industry finally culminating in the sale of its final products to the end consumer.

Procurement management is the key factor to running a successful business because effective procurement is what helps a business to meet its goals and live up to the expectation of its stakeholders.

Hence it is inevitable that the entire procurement process right from managing the order, receipt of the goods, review and approval of the items received is made as enjoyable and awesome as possible.

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A few years back, being cashless was scary. Today, being cashless gives a sense of security and confidence.

Need to transfer money for a service availed or a product purchased and realising that you are out of cash in your wallet was once a valid reason to drive you crazy. But not anymore, when that incoming message that you’re “Transaction successful” as the preferred alternative payment method surely relieves your heart.

When we look back at the older picture of the Indian economy, a cashless India or one with minimum or lower cash transactions seems to be unreal. But with the recent demonetisation drive and the Government’s all out initiative for a digital driven economy, the clear indicative signs are that cashless is not very far.

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