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The Beautiful Complexity of Procurement Planning

The Good Spending

Where's the procurement planning when you need one? Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. In some companies (and I'm quoting my own experience), procurement planning barely exists.

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Value - Procurement Framework in the Context of Servitization

The Good Spending

It all started in the attempt to understand the theoretical concept of servitization , i.e., the transformational shift from a product-centric to a service-centric business model and logic that we observe extensively in the area of IT procurement, in particular. My Udemy course "Value-based Procurement."

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Maximizing Procurement Team Performance with the Belbin Team Role Theory

The Good Spending

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. This blog post will explore how the Belbin Team Role Theory can be applied in procurement.

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Procurement: With Great Power Comes Great Responsibility!

Supply Chain Game Changer

Hey Procurement! ” Procurement organizations can have the power to spend and control as much as 75-80% of a company’s revenue. Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts. Procurement! Subscribe Here!

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5 steps for Procurement to impact on financial results

Claritum

Claritum Article - Procurement Blog. Address Procurement Strategy. Focus Procurement on supplier optimisation. Don’t lose Procurement’s focus on costs. Keep Procurement up to date. Procurement is a complex multidisciplinary team activity that crosses all areas of the business. Introduction.

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5 steps for Procurement to impact on financial results

Claritum

Introduction Procurement is a complex. multidisciplinary team activity that crosses all areas of the business. The variables and complexities of purchasing products and services, from basic supplies through to strategic purchases, make Procurement a key. resource within the business. the procurement function.

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Procurement as a strategic advisory resource

Claritum

Claritum Article - Procurement Blog. Defining the Perfect Procurement World. Achieving the perfect Procurement world. Procurement needs to transform and continue to transform to align to the business. Procurement has to move away from a transaction based function and become an advisory resource.