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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

It also identifies required resources, budgets and milestones for a successful strategic transformation. Supplier Management Supplier management is a critical component of the procurement process. Conduct supply chain audits and due diligence on high-risk categories. needed to deliver on the KPIs.

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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

With new legislation being introduced for 2023 in Europe, such as the Supply Chain Due Diligence Act (SCCDA), CPOs and other procurement and sourcing leaders need to devise an agile procurement strategy to ensure compliance. Still, 50-67% of the companies failed to change their risk management standards.