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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Moreover, traditional procurement models can be slow and bureaucratic, lacking the flexibility to adapt to changing business needs and market conditions. They can also create adversarial relationships between buyers and suppliers, as they often involve tough negotiations and a focus on short-term gains rather than long-term collaboration.

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The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Sometimes, digitalization requires change management, process shifts, and organizational restructuring. Adopting solutions that enhance risk management, transparency, visibility & compliance is more important now than ever before. One of the best ways to support supply chain resilience is to ensure that you’re preemptive.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Adding on a point solution to improve adoption is like putting a bandaid on the problem, but doesnt’ fix the root cause.