Ravacan, a sourcing and supply software-as-a-service, announced that they have brought on Molekule, the leader in reinventing air purification, as a customer.
Now that an economic crisis is looming, you might look at ways to reduce your Cost Of Goods Sold (COGS). Here are some things I have learned as a cost reduction manager in the Automotive.
Purchasing comes from the verb purchase which means to acquire (something) by paying for it, in other words, to buy.
Learn what sourcing is
Direct Purchasing is the operation by which a company obtains the ownership of goods from another company, in exchange for a payment of an amount negotiated under conditions stated in a contract they have signed.
Procurement is the action of obtaining or procuring something.
RAVACAN, the first direct materials procurement collaboration tool, is thrilled to appoint Noah Eisner, founder of Coupa, to its advisory team. Noah brings an impressive track record of success, and a vast network to help Ravacan continue to grow.
Spend Matters has published a review of RAVACAN on their website.
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