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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

At the same time, digital acceleration and the need for agility have expanded the role of procurement and finance from cost-management functions to broader champions of risk management, strategic decision making, and business agility.”. . We all remember the early days of the pandemic and shortages in critical medical supplies.

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

By measuring key aspects of the procurement process, these metrics provide insights that can drive significant improvements in cost-efficiency, operational performance, and supply chain resilience. However, not all these metrics will directly influence strategic objectives. That’s where KPIs come in.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Agility and Adaptability: Digital transformation equips organizations with the agility and adaptability required to respond to changing market dynamics and evolving customer needs. In the context of spend analysis, IoT can provide real-time data on inventory levels, consumption patterns, and supply chain activities.