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AnyData Solutions: Vendor Analysis — Spend analytics, SRM and contract management solution overview, roadmap, tech selection tips, analyst summary

Spend Matters

In the world of business, procurement departments play a pivotal role in shaping an organization’s success. They are the gatekeepers of resources, responsible for sourcing goods and services that drive operations, impact profitability and influence overall efficiency.

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Episode 139: Speaking the Language of Non-Verbal Communication with Laura Scarfe

Una

Laura is the Director of Business Academy Online, specializing in CIPS procurement training, negotiation, influencing, and emotional intelligence. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Laura Scarfe.

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Value Creation Through Digital Transformation in Procurement

Una

81% believe more internal support is needed from within their businesses to realize digital transformation fully. And 50% aim to move to a business procurement-centric organization , acting as advisory consultants and business partners rather than executing routine processes.

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The Path to Procurement Salience

The Good Spending

The Stakeholder Salience Model Dr. Ronald Mitchell suggested in 1997 that stakeholder salience is: the stakeholders' power to influence the firm, the legitimacy of the stakeholders' relationships with the firm, and the urgency of the stakeholder's claim on the firm. Hence, we must remember all recipients of that value, i.e., stakeholders.

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Why is Not for Profit Procurement so Different

Claritum

Looking at the fundamental differences between the organisations in context of those things that could influence supplier selection. For FP organisations the focus is on conformance to a minimum set of regulations to do effective business. Procurement is constrained only by this minimum set. Often underestimate skills needed.

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The Importance of Supply Chain Collaboration

The Good Spending

By sharing information, parties will align their critical planning and fulfillment decisions that influence the end-to-end supply chain performance. The sharing of information stimulates prediction and intentionality processes, i.e., parties develop mutual trust by better understanding each other's incentives and anticipating further actions.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

In this position, professionalism and innovation aren’t just respected; they’re assets that directly result in cost savings, allowing the business to grow and achieve new heights. Data on procurement experts’ salaries continuously shows rising tendencies. What is procurement in business?