Common Global Procurement Mistakes Made By SMEs

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Sourcing, business communications, supplier selection, contract management and supplier relationship management are among the most important activities in the procurement process. 

Procurement specialists at SMEs usually learn the main skills of the job by trial and error, which often leads to unnecessary costs to organizations. It is obvious that knowing and avoiding these types of mistakes will help small enterprises save money and increase profit. 

Here are eight of the most common global procurement mistakes made by SMEs.