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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

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Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. In this blog, we cover the key differences between procurement and supply chain management, and explain where the biggest disconnects typically occur.

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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Mastering these skills not only optimizes procurement processes but also positions managers as strategic business partners. Conduct Supplier Assessments: Regularly evaluate supplier performance using scorecards focused on quality, delivery, and cost. Workshops on negotiation and supplier relationship management.

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What About Procurement Objectives?

Procurement Templates

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Improve supplier performance and on-time delivery rates by 15%.

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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

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Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Key Benefits of Strategic Sourcing Building Long-Term Supplier Partnerships Strategic sourcing focuses on identifying and collaborating with suppliers who align with a companys long-term goals.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Supply chains are complex and varied; to manage them effectively, you need to understand exactly what’s happening in both your supply chain and your customers’ end markets. How can you create a more efficient supply chain and gain a better understanding of overall performance?

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Procurement Technology – What it can and can’t replace in a Manufacturer’s Journey Towards Supply Chain Resilience and Agility

ivalua

A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. There are many supply chain management lessons to learn from the Covid-19 crisis.

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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. Your procurement technology platform should help unify data and processes across tiers to avoid disruptions.