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Showing posts from July, 2021

Procurement

  Most of the people might know What is Procurement, what are its functions... But also, most people do not know How, When, Why and where it got started. Generally, procurement is an action of obtaining goods or services and it has a Procure-to-pay(P2P) life cycle and it starts from the Requirement, RFQ, PO Creation, Goods Receipt, Preparation of Goods Receipt, Creation of Payment Invoice, Payment and Reporting. For procurement that could mean sourcing the material when prices go down or renewing the contract before it lapses. Procurement is of THREE types – Direct, Indirect and Other 1)      Direct Procurement – Raw Material and Production Goods 2)      Indirect Material - Maintenance, repair, and operating supplies, outsourcing 3)      Other - Capital goods and services Also, Procurement functions in both Public and Private - Private procurement is typically in FP (for-profit) organizations, while public procurement functions to support NFP’s (not-for-profit). Let us

Gender Equality(Men, Women and Third Gender)

  Gender equality is the state of equal effort of access to resources and opportunities regardless of gender. UNICEF says gender equality "means that women and men, and girls and boys, enjoy the same rights, resources, opportunities and protections. It does not require that girls and boys, or women and men, be the same, or that they be treated exactly alike. Are men and women treating equally? Why there is discrimination between men and women? How to improve the equality? Are women empowered when compared to the past and present? Who are ignored? How to trace this equality? Mostly women are not treated equally, they are not getting proper recognition. Hence, women empowerment is now highlighted to improve the equality, women are still seen as weak because men are considered as strong. But now-a-days, women are considered as strong and they are running the businesses successfully, they have good decision powers which are equal to men. In 2016, approximately 163 million wome