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Strategic Procurement — Everything You Should Know

Procurement Tactics

Supplier Management Supplier management involves the handling of relationships between suppliers and the company. Contract Management Contract management is an important part of strategic procurement as it lays out the foundation of the relationship between the supplier and the business.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

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What is Digital Procurement? Ultimate Guide to Procurement Transformation

Pipefy

Digital procurement means letting go of manual data entry, paperwork, and complex request management and instead opting to use software that streamlines procurement through integration and automation. These include the need for greater efficiency and the desire to build procurement processes with more structure and less fragmentation.