Be yourself; Everyone else is already taken.
— Oscar Wilde.
This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.

Procurement, as a function, is an inevitable aspect of all business organizations. To operate and aid the expansion and optimization of performance, businesses obtain various goods and services from external suppliers. If organizations aim to harness the power of globalization, they need to work with the best local suppliers at the best possible price. When procurement can help an organization achieve its tactical as well as strategic goals, it is doing it right!
Definition of a Procurement Process
A procurement process is a series of steps that an organization identifies and follows in order to obtain goods or services for their goals and objectives. tweet
Why is the Procurement Process Necessary?
Procurement accounts for spending an organization’s revenue on acquiring goods and services. It has a direct impact on cost savings objective. Zycus’ annual survey of 400+ global procurement leaders, Pulse of Procurement 2018, revealed that 54% of the surveyed professionals recognized cost savings as procurement’s key focus area. Furthermore, 65% of large organizations, 66% of mid-sized organizations, and 55% of small organizations were mandated to manage to spend from an enterprise-level and for that, an effective procurement system was the only solution to reap higher profits.
Apart from achieving cost savings objectives, an effective procurement process helps an organization enhancing supplier performance, compliance, risk management, contract utilization, and sourcing cycle time. tweet
Why is a Periodic Assessment of Procurement Process Necessary?
By periodically assessing supplier performance with regards to fulfilling an organization’s sourcing requirements, a procurement process helps identify the strengths and weaknesses of the suppliers onboard and further ideates and innovates strategies for performance improvement. An effective procurement process also enables organizations to build long-term relationships with their suppliers. Hence, by focusing on supplier relationship management, the synergies created between the two parties resulting in high propositions that provide maximum value for both the supplier and the buyer.
A well-implemented procurement process enables an organization higher visibility into stakeholder performance. Greater transparency helps organizations enforce higher compliance in terms of costs, quality of goods/services, etc. tweet
How can Procurement Process Help?
Given today’s scenario of global political and economic instability, changing trade laws, etc., enforcing a well-defined procurement system can help organizations manage their supply chain and associated risks. By managing risks such as financial risk, operational risk, contract risks, etc., a procurement process prevents supply chain disruptions that concern profitability.
An effective procurement process ensures higher process efficiency at every stage of a procurement cycle in an organization, which in turn shortens sourcing cycle times.
Procurement is more than just purchasing goods and services for an organization. An effective procurement process involves in-depth understanding of requirements by all business units, identifying the right supplier for meeting those requirements, periodically evaluating supplier performance, and negotiating contracts that can provide the highest value at minimum cost. tweet
7 Steps of an Effective Procurement Process
After establishing the importance of the procurement process, the next step is to design the process. Here are the seven steps to effective procurement process-
Step 1: Identify the requirement for goods and services from all business units
The procurement cycle starts when any of the business units in an organization needs obtaining goods/services from an external supplier. Hence, the first step of the procurement process entails identifying and consolidating the requirements of all business units in an organization. Thi

https://thehandsmadeventuresltd.business.blog/
https://www.instagram.com/ek_themarketer
Fb.me/EKTheMarketer
https://handsmadeventures.secure.simplybook.me
https://www.facebook.com/groups/
https://handsmadev001.tumbrl.com
https://Twitter.com/Ek_themarketer

ne of the most fascinating aspects of research is its omnipresence. The practice of gathering data, analysing it and generating insight be applied in a staggering variety of setting – from science to social studies, business to politics and beyond. As well as its multitude of applications, research can also draw on a range of subject matter to improve and better the practice.
This means there is a lot of inspiration out there for researchers, and also a broad range of ways it can be applied. It is important to remember that research does not exist in a vacuum. It is surrounded by business operations, drawing on ideas that improve insight, process, communications and more. However, it can be easy to forget this – to fall into ‘research blinkers’ that narrow our field of view. These quotes have been collated to remind us of the unique, privileged position market research occupies and provide a taste of fields it can lean on.
If you find a quote you want to share, click on the Twitter icon beside the quote to automatically tweet it
via The Preliminary Preview of the Travels & Tours Industry. By Kaka EK.
Fabulous
Content marketing has grown and evolved since the early days of print advertising. It has since entered a whole new realm of digital advertising which is expanding and growing every year. Social media and digital advertising are now surpassing all forms of print and traditional advertising, and this number is only going to grow as […]
Content marketing has grown and evolved since the early days of print advertising. It has since entered a whole new realm of digital advertising which is expanding and growing every year. Social media and digital advertising are now surpassing all forms of print and traditional advertising, and this number is only going to grow as […]
News
Kenya logistics sector depicts growth – By Kaka EK : writerkakaek.business.blog
FacebookTwitterGoogle+LinkedInStumbleUponTumblrPinterestRedditWhatsApp
Kenya’s logistics market has continued to develop over the past decade, from the typical low specification warehouses commonly identified as ‘godowns’, to higher quality A- and B-grade warehouses.
With improved infrastructure, most operators are now considering relocating to less congested areas away from Nairobi City, such as Kiambu and Machakos counties where there is availability of relatively cheap land.
Logistics users are noted for considering ‘land banking’ for the development of bespoke facilities through a design-build model. However, some users prefer involving a land owner who is a developer as well to build a bespoke facility for lease or purchase.
New market entrants are noted for leasing an already existing warehouse unit to test the market before committing to developing a ‘build-to-suit’ unit.
Transport and Logistics users occupy the highest market share of approximately 26%, followed by manufacturing and engineering; and, wholesale, at 23% and 22% respectively.
The demand from these users are mainly driven by improved infrastructure; government support with regards to tax incentives and SEZ status; expanding retail platforms; and, Mombasa Port’s throughput growth.
The transport and storage industry registered a slight growth of 5.4% in Q3:2018 compared to 5.3% in the same quarter of 2017.
However, this growth declined from 7.8% registered in Q2:2018 which can be attributed to the increased cost of fuel effected in July 2018 from the introduction of 8% VAT.
The volume of port throughput grew by 10% in 2018, from 1.19 million Twenty-foot Equivalent Units (TEU) in 2017, to 1.31 million TEU in 2018.
This growth was driven by the performance of the Standard Gauge Railway (SGR) from Nairobi to Mombasa, which commenced commercial freight operations in January.
•
•
Watch out young people, your grammar will cost you and most likely be the barrier between your business proposal, resume or meeting request being acknowledged. I am seriously concerned about the grammar young people choose.
dear EK,
how r u? am looking for an appointment to meet u coz i hv a great biz idea. I finishd skul bt hv no job. plz gimme 5min of ua tym. am lukin 4wrd to ua response. thx.
There is everything wrong about such a message. Anyone in their right frame of mind will ignore it simply because the author has chosen to forego the formalities of business communication and instead use familiarity to express him or herself.
Businessmen like me often come across numerous requests from young people. Unfortunately, most of them go unread simply because of the grammar used on the subject line or in the body of the email.
Your and you’re (you are), its and it’s (it is), am and I’m (I am) all mean two different things. These are some of the few examples I have seen on emails. The Web gives you the resources needed to correct your grammar but you totally ignore this. This not only tells me that majority of us are ignorant but are also not willing to equip themselves with knowledge that will better their lives.
My young friends, any sensible person will continue to ignore you should you choose this mode of communication. I have no business wasting my time on those who do not wish to respect me or observe business ethics/etiquette.
Why should I trust you with a role in my organization or with funds for your business yet you cannot be responsible enough to use good grammar when it matters the most. How will you handle you daily responsibilities if you cannot communicate effectively?
I am aware that social media has simplified our way of communicating but this should not be an excuse for you to use short forms or slang when you are seeking professional guidance or assistance. It is a crime to write a professional email using short form or any form of slang. When it’s business, let’s do business. Keep your personal life and actions away from business.
Lao Tzu once said, “Watch your actions for they become your habits…”. Additionally when you continuously execute a certain action or way of doing things, it becomes habitual. If you continuously write using short forms, more often than not you will realize that you have embraced this mode of writing. Thus, you are better off sticking to the usual grammar and the thought of being referred to as old school so that your grammar is not affected.
Business aside, I still would not tolerate this mode of communication. It costs you nothing to write proper grammar so you may as well use it. Besides, it’s pleasing to the eye as opposed to the short forms.
Remember, when it comes to business, we are not friends. It pays to be formal and courteous when you are seeking guidance or assistance from anyone. Do not conform to what you see. Be your own person because in the end, you will sit alone in the interview room or when meeting potential investors.
Do the right by yourself and those around you. If you want to be taken seriously then be serious, sincere and focused in everything you do.
Unless you’re Jim Halpert and enjoy spending most of your time pranking Dwight, most of us want to become more efficient at work. Not only is this beneficial for your career, but it can also help maintain a healthy work-life balance.
But how can you become more adept at work? Well, here are 25-time management strategies that you should implement.
To-do lists aren’t just useful. They’re essential to our success, since the brain can only focus on three or four things at a time. So, we need lists for any work-related tasks that we have to get to later.
But, creating too many lists can stress us out. Lists don’t take into account how long it takes to complete a task, and they don’t help us separate the important from the urgent.
Don’t scrap your to-do-lists. Instead, rethink your approach to your lists. A straightforward approach would be to use 5×3 inch index cards for your to-do lists. You could also try the “1-3-5” method, “3+2” strategy, or six box rules. There’s also Warren Buffet’s technique where you write down 25 tasks, circle your top five, and then ignore the remaining 20. Or, you could try out if-then-planning.
We’ve all been guilty of multitasking at one point. Sometimes, it’s pretty harmless, like washing dishes while listening to a podcast. But, when it comes to working, it can be detrimental.
Why? Because the human brain can’t do more than one thing at a time.
When you multitask, you’re splitting your attention between tasks. As a result, the quality of your work declines. It also wastes time. The reason for this is that you spend more time switching between tasks than focusing on one thing at a time.
Stop trying to do more than one thing at a time. Instead, put all your energy into what you’re working on at the moment and then move on to your next item, task, or activity.
Go through your to-do-list for work. Outside of your primary responsibilities, what could delegate or automate? Are they even things that could be dropped entirely from your schedule? If so, delete them from your list and calendar ASAP. It’s a simple way to keep your list lean and mean.
In book Deep Work: Rules for Focused Success in a Distracted World, Cal Newport describes deep work as cognitively demanding tasks. Because they’re so important yet difficult, these types of tasks demand 100 percent of your attention.
Schedule deep work for the same time every day. Newport also suggests identifying your work habits and blocking out common distractions.
He also recommends getting comfortable with doing nothing. That may sound counterproductive, but you can use it to your benefit. For example, when standing in line, don’t look at your phone. Just let your mind wander for a couple of minutes.
Parkinson’s Law states that “work expands to fill the time available for its completion.” That means if there isn’t a deadline for a specific task, you’ll use up as much time as you want. If there is a time restraint, however, you’ll be more motivated to beat the clock.
Setting time limits can also encourage you to get into a flow state of mind.
It may not seem like a big deal. But, when your workspace is messy and disorganized, it’s distracting. What’s more, you’ll waste a bunch of time looking for misplaced items when you need them.
Set aside chunks of time to frequently clean and organize your workspace, like right before you go home for the day. Also, assign everything a “home” (or spot you’ll always put the item) and return them to that space when you’re finished using them.
You’re more likely to procrastinate when you feel overwhelmed. Don’t beat yourself over it. It happens to the best of us. To avoid this, whenever you’re facing a monumental project, break it down into smaller tasks that are more manageable to achieve.
Subconsciously, we all know distractions and time management don’t mix well together. But, we may not always be aware of what diverts our attention. That’s why you should keep a list of everything that distracts you. It will help you identify, and eventually, thwart these interruptions.
Your list could be a Google Doc or a piece of paper. Keep it close to you so that whenever you get distracted, you make a note of it. Distraction lists are also handy for whenever random thoughts pop into your head. Writing these down gets them out of your head so that you can get back to work.
Research from Behance found that “placing importance on hours and physical presence over action and results leads to a culture of inefficiency (and anxiety).” What’s more, sitting “at your desk until a certain time creates a factory-like culture that ignores a few basic laws of idea generation and human nature:
Instead, think about how much you truly accomplished. One way to do this is to create a done list of everything you did during the day. It will keep you motivated to be productive and not just busy.
Meetings can be a huge time drain, especially when they’re a waste of time. Even if they’re necessary, they can still pry you away from important work. As such, some people are scrapping meetings altogether and looking for alternatives like email, Slack or project management tools.
As opposed to jumping all over the place, group similar tasks together. It’s an effective way to reduce the cost of switching, and it can minimize distractions. For example, block out three times a day to check your email and social accounts so you aren’t worried about missing anything important when your phone is off. Another option is to batch your days, like scheduling all of your meetings on Tuesdays.
Author and happiness expert Gretchen Rubin has her own rule for making your life easier. It’s a simple concept called the 1-minute rule where if something takes you under 60 seconds to complete, do it.
“Because the tasks are so quick, it isn’t too hard to make myself follow the rule—but it has big results,” explains Rubin. “Keeping all those small, nagging tasks under control makes me more serene, less overwhelmed.”
Leaving something half-completed is stressful and distracting. Mainly, this is because it lingers on your mind until it’s finished. Even worse, though, is that you’re going to have to schedule a time to circle back to this task. It’s just more practical to touch things once and move on to something else.
How can a positive attitude aid you in time management? When you’re in a good mood, people will want to help you out if you’re in a bind. It also prevents you from indulging in time-wasting activities like complaining. It also boosts your confidence and encourages you to solve problems instead of making them any worse.
You can brighten your mood at work by showing your appreciation to your colleagues or customers. You could also organize your desk, listen to music, go for a walk outside, and take the time to get to know others in the workplace. It’s been found that having friends at work makes your job more enjoyable.
It’s been said that adults make 35,000 conscious decisions each day. It’s easy to see, then, that if you spend too much on unimportant choices, you’re wasting time and draining your energy. To counter this, automate as many decisions as possible. As an example, if you were thinking about buying a book, go ahead and purchase it instead of overthinking it.
You can try like prepping your meals and outfits for the week. Also, improve your decision-making skills by conducting a cost-benefit analysis, practice being more decisive and setting time limits.
Ultradian rhythms are the 120-minute biological intervals that our bodies go through throughout the day. We’re most productive during the first 90 minutes. After it peaks, your mental energy drops for roughly 30 minutes.
By knowing your body’s rhythms, you can schedule your day more effectively. As opposed to working during an energy lull, you would work when you’re most productive. When your energy dips, focus on less critical tasks or take a break.
I suggest using the Pomodoro technique to work within these 90-minute sprints, meaning you would work for 25 minutes and then take a 5-minute break.
Developed by Roger Seip, author of Train Your Brain for Success, this is where you spend 2 hours weekly to plan for next week. Unlike regular scheduling, however, this method encourages you to focus on your goals and examine what has and has not been working for you. The two-hour solution focuses on your goals by dividing your time into:
First proposed by Daniel Kahneman and Amos Tversky in 1979, the planning fallacy is when we underestimate how long something will take to complete. In turn, this cognitive bias can throw off our entire schedules and even cause us to miss deadlines.
After acknowledging this, you can take steps to avoid it. For instance, you could track your time so that you have a better estimate of how long your daily tasks take you to do. From there, you can plan accordingly.
The Journal of Consumer Research notes that when at a moderate volume, ambient noise is ideal for improving creative performance. If you don’t want to bother your co-workers, though, you should invest in a pair of noise-canceling headphones.
Also, white noise can sustain concentration because it’s constant. As a result, it will promote your focus and encourage you to work faster.
Learning new information, enhancing your skillset, and growing as a person is essential in life. After all, if you’re committed to improving, then you’re better able to adapt to changes and become more efficient in everything that you do.
If you believe that you don’t have time for this? Think again. We all have gaps in our schedules to learn or grow. For instance, on your morning commute, read or listen to a podcast. On the weekend, take a class. And, block out time in your calendar to grab lunch with your mentor.
Does this mean that you have to stand all day at work, literally? Of course not. The key is to alter between sitting and standing throughout the day. It’s beneficial for your mental and physical health. It also improves your mood and energy levels, which in turn may boost your productivity.
If you have to host a meeting, then consider a standing meeting. It’s been found that standing meetings can cut meeting times by 25 percent.
Perfection is one of time management’s greatest foes. Not only is it unrealistic, but it also holds you back from improving, discovering new opportunities and getting stuff done.
To fight back against perfections, set realistic goals and welcome feedback from others. You could also stop ruminating and comparing yourself to others.
“We are creatures of habit, and so are our brains,” writes Hallie Crawford, a certified career coach, speaker, and author. “When we establish routines, we can carry out tasks faster since we don’t have to ‘think’ about the task — or prepare for it — as much, and can work on autopilot.”
If you haven’t done so yet, establish a morning ritual and your ideal work schedule. After creating these routines, block them out in your calendar. It’s just a safe way to protect your routine from internal and external distractions.
When you’re exhausted, stressed, and don’t feel well, you’re not going to be all that efficient or productive at work. There’s just no way around it. Because of this, you must make your self-care a priority. Make sure that you get enough Zs, eat healthily and block out times to exercise, meditate and do things that bring you joy.
John Rampton is an entrepreneur, investor, and startup enthusiast. He is a founder of the calendar productivity tool Calendar. You can sign up for early access to Calendar here!
24 Time Management Strategies to Be More Efficient was originally published on Entrepreneur.
4,0Reacted to this138