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The Importance of Supply Chain Collaboration

The Good Spending

Why is supply chain collaboration essential? Once, I was asked what makes the supply chain important to a company. Shadow procurement, supply chain, and logistics have become standard for many companies. The supply chain is the most collaborative function in the business.

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Value Creation Through Digital Transformation in Procurement

Una

Value Creation Through Digital Transformation in Procurement. The recent global pandemic exposed many economic vulnerabilities, not the least of which were weaknesses in many supply chains. In fact, it’s become necessary to meet the growing global challenges of rising costs from supply chain disruptions.

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

SCMDOJO

In the dynamic landscape of supply chain management, precise terminology is paramount. Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference.

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The Comprehensive Guide to Managed Procurement Services

Empowering CPO

Whether you’re new to procurement or looking to enhance your existing processes, this guide is designed to empower you with knowledge and strategies to succeed. Understanding Managed Procurement Services In the world of business, procurement is not simply about purchasing goods and services. So, let’s dive in!

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. This can range from raw materials for production, to office supplies, to strategic partnerships.

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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. The NfP also has a greater focus on adding social value to a supply chain. For FP organisations the focus is on conformance to a minimum set of regulations to do effective business.

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The New Look on Industrial Buying

The Good Spending

The increasing organizational interdependence in industrial buying Industrial buying is influenced by megatrends (Industry 4.0, globalization, disrupting value chains, etc.) and new forms of collaboration between business partners. T hese routine activities leverage integrated automated systems, enabling supply chain visibility.