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Buyer Benefits: Ways To Cut Down On Costs Through Digital Procurement

Procurement Freelancers

Cost reduction without sacrificing profitability is a major worry for many business owners today. Digital… The post Buyer Benefits: Ways To Cut Down On Costs Through Digital Procurement first appeared on Procurement Blog | Procurement & Supply Chain News.

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Everything You Need to Know About Procurement Solutions

Pipefy

In its long history , procurement has evolved from self-contained purchasing entities to an essential business partner handling processes involving several departments and many subprocesses. The risks of errors and bottlenecks alone in manual work make procurement a superb place to begin a digital transformation.

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Tail Spend: Your Guide to Full Spend Visibility and Savings

Una

A comprehensive guide designed to tame tail spend in a way that leads to reduced risk and increased cost savings. This comprehensive guide will go over tail spend in procurement and provide resources for how to implement an effective tail spend management strategy. This shape represents your entire procurement spend.

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Hello Automated Procurement, Goodbye Tedium

Jaggaer

Many tasks in procurement are repetitive, tedious, time-consuming and, when performed by humans, highly error prone. They absorb precious time – time that could be spent on more important strategic tasks that add value to the organization and make work more satisfying and rewarding for a procurement professional. Download it now.

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Will AI in Procurement make us all irrelevant?

Procurement Software

AI in procurement – especially generative AI – is going through the hype phase at the moment. However, it’s proven ability to cut down the time and resources needed to complete many everyday tasks is not to be underestimated. Could AI in procurement make us irrelevant? But make no mistake.

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An Indirect Path to Manufacturing Savings and Cost Reduction?

Jaggaer

In many manufacturing and direct materials companies, procurement teams place heavy emphasis on optimizing their raw materials purchasing, while neglecting the indirect business spend that’s necessary to keep their office running. Indirect Spend in a Direct Environment. You’ll have to look for other places to advance savings.

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Procurement KPIs: 22 Essential Metrics for Tracking and Visualizing Procurement Performance

Pipefy

Definition of procurement KPIs Key performance indicators (KPIs) are measurements of the efficacy of a business department, process, or strategy. They are essential to measure the costs and reliability of a business strategy, as well as the performance and results.