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Tail Spend: Your Guide to Full Spend Visibility and Savings

Una

The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.

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Achieving Healthcare Transformation, Powered by Supply Chain

ivalua

I have some real context of this, living in NYC and having a family member that works at a hospital. While it is a difficult time, you have to also applaud the heroic efforts of this industry as a whole. Across this supply chain there is typically a lack of visibility due to siloed information and data.

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Factors to Consider Before Redesigning Your Website!

Supply Chain Game Changer

Make Your Website Visible and Trustworthy! Thus a website is your strategic source of revenue and brand visibility , which are important considerations before redesigning your website. Still, as time passes, you might notice that your website enjoys fewer visits. Why Think about Redesign?

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Top 3 Reasons Predictive Procurement Orchestration is the Future of Procurement

Arkestro

Ensure your company has a steady supply of what it needs to produce its end product on time and at the lowest possible price. Strategic sourcing was in the spotlight. Onboarding takes time, including training and deployment. More specifically, what is the compelling use case for a buyer? Things continued to evolve.

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Digital Transformation in Procurement: Leveraging Technology for Efficiency

Empowering CPO

It is responsible for managing the entire process of acquiring goods and services, from identifying suppliers to ensuring timely deliveries. Traditional Procurement Methods Historically, procurement has been a manual and time-consuming process, relying heavily on paperwork, phone calls, and face-to-face meetings.

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Get Started on Your Procurement Transformation Roadmap and Strategy

Pipefy

Procurement teams are now expected to perform as a strategic, value-creating business partner that improves business agility, financial visibility, process resilience, and competitiveness. In 2022, the five biggest procurement issues experienced by B2B buyers were: Reliable delivery (43%). Complex purchasing systems (31%).

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How effective Tail Spend Management can drive cost savings

Procurement Software

Direct materials that go into the production process are strategically sourced. Below are 5 ideas of ways to extract real savings from your tail spend while improving your overall purchasing governance. One time purchases (such as project spend) can take up a lot of procurement time. Eliminate maverick spend.