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Your Ultimate Guide To Launching A Digitized Procurement Startup

Procurement Tactics

One of the main reasons for this is that these businesses are digitalizing procurement solutions. Hone your skills To make a success of your procurement business, you need to be confident in what you’re doing and talking about. You can do this by registering your procurement business as a Limited Liability Company (LLC).

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Strategic Procurement — Everything You Should Know

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.

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Inventory Management — Everything You Should Know

Procurement Tactics

Businesses use various methods of inventory management, each with its own advantages and disadvantages, depending on what they require. Keeping track of inventory is an important part of running a business. It can have a big impact on how successful and profitable the business is.

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Challenges in Sustainability Faced by Procurement Teams

Procurement Tactics

It refers to the acquisition of goods and services in an environmentally-friendly manner to fulfill the needs of the company for its daily operation. Furthermore, using new technology in sustainable procurement is crucial to achieving sustainability within your business operations. However, what are these challenges?

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TMS+: Go Beyond Transport to Optimize Cost, Service, & Resiliency

What’s also clear is that to not merely survive but thrive in the today’s volatile global market, companies need to take a more synchronized approach to their various business processes. These challenges didn’t end with the pandemic; it’s clear that disruption is here to stay as the so-called “new normal.”

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How to conduct a good procurement interview process

Procurement Heads

Often, hiring managers will seek to get ahead of the curve and get the ball rolling on a process, however, if the sign-off process takes a little longer than expected, candidates can (understandably) feel uneasy about how serious a business is about hiring. Sometimes what we really need is right under our noses the whole time!

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

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Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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