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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

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What Does Finance Think of Procurement?

Arkestro

Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget. Here are just a few of the metrics CFOs look at when examining procurement process efficiency: Cost of Purchase Order: What are the internal costs associated with each purchase?

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Overcoming Procurement Challenges with Procurement Outsourcing Services

Empowering CPO

In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth. But there’s a light at the end of the tunnel: Managed Procurement Services.

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Overcoming Procurement Challenges with Managed Procurement Services

Empowering CPO

In this environment, procurement is not just about purchasing anymore; it’s a strategic function that can significantly impact a company’s bottom line, reputation, and future growth. But there’s a light at the end of the tunnel: Managed Procurement Services.

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Everything You Need to Know About Procurement Solutions

Pipefy

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. Because of this, carrying out its operations manually is time-consuming and incredibly expensive for businesses.

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The Role of Spend Analysis in Strategic Sourcing: A Complete Guide

Empowering CPO

The answer lies in the powerful tool of spend analysis. Spend analysis, a cornerstone of procurement and supply chain management, is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing procurement costs, improving efficiency, and monitoring compliance.

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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. That’s where procurement, sourcing, and purchasing technology comes in. Finally, procurement teams are responsible for anticipating and responding to disruptions in the supply chain and their own process.