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E-Procurement Strategy: 6 Steps to Implement a Plan That Works

Procurify

You are staring at Excel sheets trying to make sense of the numbers before the important meeting with your largest supplier that starts in a few minutes. . If it sounds familiar, you’d agree that manual procurement is very tedious and time-consuming. This explains why more organizations are adopting an e-procurement strategy.

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Procurement vs Purchasing: What’s the Difference?

Procurify

Procurement, on the other hand, is the process of sourcing and purchasing the goods and services a company needs to fulfill its business objectives, usually from an external source, like a third-party vendor or supplier. . An effective procurement strategy can do many things. Why is procurement important in business?