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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 264
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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

Zycus recently conducted a virtual event for CPOs, Procurement Leadership Agenda and Narratives (PLAN 2023), where we invited industry experts and procurement thought leaders across the Europe to discuss the upcoming technology trends and procurement strategies for 2023.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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Procurement Conference — 10 Best Procurement Conferences

Procurement Tactics

Gartner Supply Chain Symposium 2023. The Gartner Supply Chain Symposium 2023 is a well-known conference by many supply chain professionals. Supply Chain USA 2023. Supply Chain USA 2023 , organized by Reuters, is said to be the most comprehensive supply chain event in North America.

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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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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Importance of Innovative Procurement Models In the era where change is the only constant, innovation has become a necessity rather than a luxury.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

This enables proactive identification of cost-saving opportunities, risk mitigation strategies, and more informed decision-making. Agility and Adaptability: Digital transformation equips organizations with the agility and adaptability required to respond to changing market dynamics and evolving customer needs.