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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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Using an Automated Procurement System at Your Business!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Reality of Automation in Procurement! All of these are the challenges of working in procurement, necessitating an automated procurement system. But procurement is one of the most integral parts of running an operation. Understanding The Procurement Process.

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

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. Scope : Procurement spans the entire process from identifying requirements to contract closure. Stakeholders : Procurement involves multiple internal stakeholders across the organization.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Brief Overview of Procurement Welcome to our deep dive into the world of procurement. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. This is especially true in procurement, where the landscape is rapidly evolving. Introduction A.

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How a Collaborative Network Will Change the Construction World!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What is the Digital Supply Chain? Using supply chain collaboration technology, construction firms will see meaningful productivity gains. Subscribe Here! Email Address. As construction in the US is a $1.27

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The New Age of Negotiation!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! You put time, energy, focus, and emotion into a negotiation, so naturally, you want to come out feeling as if you’ve done a good job, get a good price, or ‘won’. Subscribe Here! Email Address. We negotiate on a daily basis.