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Strategic Procurement — Everything You Should Know

Procurement Tactics

Become a T-Shaped Procurement Professional Download Whitepaper →  Or receive our famous weekly newsletter Importance of Strategic Procurement Strategic procurement is important as it allows companies to align their sourcing strategy with their business goals resulting in an increase in efficiency and minimizing risks within the supply chain.

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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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How to be a better procurement manager in 2022: The latest updates on procurement digitization

Zycus Cognitive Procurement

Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. CPOs and procurement leaders everywhere are trying to identify ways to be agile to handle future uncertainties. . A significant amount of change has taken place in the procurement function over the past few years.

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Solving 6 Critical Procurement Challenges With Business Process Automation

Pipefy

Procurement requires precision, predictability, and the ability to problem-solve with agility and confidence. A resilient procurement process can help businesses adapt more quickly to changes in the market and disruptions to the supply chain. With the right tools, teams can achieve this and more. Disjointed communication.

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Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Build a more efficient and connected procure-to-pay process with The Definitive Guide to P2P Optimization Importance of procurement KPIs Procurement has evolved over the years from transactional functions (now associated with purchasing) to encompass strategic activities focused on maximizing and creating value for a business.

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What is Digital Procurement? Ultimate Guide to Procurement Transformation

Pipefy

These include the need for greater efficiency and the desire to build procurement processes with more structure and less fragmentation. Errors can cost companies directly if prices are entered incorrectly or discount deadlines are missed, or indirectly when mistakes have to be corrected. Benefits of digital procurement.