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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important? Budgeting should be part of regular financial planning.

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Sustainable Procurement Business Examples — The Ultimate Guide

Procurement Tactics

Or receive our famous weekly newsletter. Sustainable Procurement Business Examples — The Ultimate Guide. Sustainable procurement is being adopted by many companies to reduce their carbon emissions and achieve sustainability. Of course, there are companies that have already adopted sustainability in their supply chain. .

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Supplier Development: What It Is, And How To Manage It

Planergy

Supplier development is an important part of a company’s overall supply chain management strategy and is essential for ensuring that the right suppliers are selected to deliver quality products and services. The goal of these teams is to work with suppliers to identify ways to reduce costs and improve quality.

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Horizontal vs. Vertical Integration: A Comprehensive Guide

Planergy

Vertical Integration: By taking control of different stages of the production or distribution process, businesses can gain supply chain control, reduce costs, increase efficiency, and differentiate their products and services. What is Horizontal Integration?

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Hyperautomation: What Is It and Why It’s Important

Planergy

Supply chain management. Banks can reduce costs and improve efficiency by automating: Customer service. Insurance companies can reduce costs while improving the customer experience with real-time automation of things such as: Claims processing and administration. Supply Chain and Manufacturing.

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