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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions. Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests.

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Business process management (BPM) examples

IBM Supply Chain Blog

Get the COO’s Pocket Guide to Enterprise-wide Intelligent Automation 3 main types of business process management Integration-centric BPM focuses on processes that don’t require much human involvement. Standardized workflows can be created that guide contracts through each stage of the lifecycle.