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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Enables adherence to policies and regulations through ethical, sustainable, and compliant practices. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement.

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The top capabilities of E-Procurement solutions

Spend Matters

I have seen top performers with catalog content that includes volume/promotional pricing, real-time price checks, multi-currency, multilingual and custom or specialty attributes for industry-specific inventory data, which were also embedded into shopping lists and more.

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

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The 10 Hottest German Procurement Startups

Procurement Software

At the same time, it also provides AI-powered management of contractual obligations and deliverables. Specific and sustainable supplier catalogues are included, allowing users to benefit from Hivebuy’s bulk buyer conditions. It eliminates manual typing and processes orders quickly and accurately.

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What is supply chain resiliency?

IBM Supply Chain Blog

Just-in-time (JIT) became an artform and masters of the practice achieved new levels of precision. The time has come to change the maniacal focus on efficiency for one that balances both efficiency and resilience. How to get started with supply chain resiliency . And this list is far from comprehensive.