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How to Use Group Purchasing as a Cost Reduction Strategy

Una

The hardest-hit industries were those in which consumer demand plummeted: restaurants, gyms, transportation, construction, theme parks, conventions, oil and gas, automakers, discretionary travel, live sports, hotels, and (of course), airlines. Industries seeking a new cost reduction strategy.

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SRM: How to secure the new value that sustainability can bring

Positive Purchasing

In supplier relationship management (SRM), the fundamental question we ask ourselves is, ‘What do we need from our supply base?’. Surely our requirements are to have products or services supplied to the correct specification at the right time and at an acceptable price? Not all catastrophes can be avoided.

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7 Trending Business Practices Disrupting Procurement!

Supply Chain Game Changer

Due to globalization, growing consumer demands on transparency, the pertinence of sustainable development and technological advancements, procurement and supply chain professionals have been highlighted as an integral part of their organizations. Responsible Sourcing. Total Value Ownership (TVO). Circular Economy.