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PROCUREMENT ROLES IN CAPEX MANAGEMENT

World of Procurement blog

When we speak about Capital Expenditures or commonly called CAPEX in an organization, generally speaking, they are managed either by a Project Manager or their future users (the concerned department of the organization). It could be even worse as buyers may not be invited to get involved at all in CAPEX management.

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The 25 Hottest US Procurement Startups

Procurement Software

It promises to assist with improving buyer and supplier collaboration. This enables you to catch potential disruptions earlier in the design process to avoid delays in production. Part Analytics’s enterprise parts catalog, Part IQ, accelerates new product development.

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The 25 Hottest European Procurement Startups

Procurement Software

The platform offers trusted collaboration between buyers and vendors, based on a fully transparent, real time single source of truth. It gives constantly updated, precise cash-flow projections (for both parties), long before any invoices are issued. From platform education, to templates for negotiation and project management.

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BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

These are natural partners for a 360Âş Supplier Relationship Management (SRM) approach. Identify projects which help both improve supplier financial performance and deliver cost savings. Not ignoring the importance of regular, two-way feedback between buyer and supplier is also key.