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The Importance of Supply Chain Collaboration

The Good Spending

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships.

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Why is Not for Profit Procurement so Different

Claritum

Looking at the fundamental differences between the organisations in context of those things that could influence supplier selection. The NfP also has a greater focus on adding social value to a supply chain. For FP organisations the focus is on conformance to a minimum set of regulations to do effective business.

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The New Look on Industrial Buying

The Good Spending

The increasing organizational interdependence in industrial buying Industrial buying is influenced by megatrends (Industry 4.0, globalization, disrupting value chains, etc.) and new forms of collaboration between business partners. T hese routine activities leverage integrated automated systems, enabling supply chain visibility.

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5 Procurement Trends Shaping 2024

Pipefy

In the Amazon Business report on procurement data, 98% of respondents report having plans for investments in analytics and insights tools, automation, and AI for their procurement operations in the next few years. A lack of agility or flexibility with existing tools was also listed.