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Why Procuretech has Immense Potential to Grow

Procurement Software

Procurement is the function in companies that, on a general level, takes care of sourcing, managing vendors and tracking spend. The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. Typically, this is the CFO.

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Top 5 Critical Skills Next-Gen Procurement Leaders Must Develop Now

Zycus Cognitive Procurement

According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. Risk management.

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Navigating COVID-19: Mid-term Procurement Strategies for a Managing the Crisis

Jaggaer

As the COVID-19 virus begins to subside in many parts of the world, supply chains are stabilizing. Procurement and legal teams need well prepared, highly organized document management systems to systematically look at force majeure clauses are written. supplychain #sourcing [link] pic.twitter.com/40kHrnlbvY.