World of Procurement blog

MAY 8, 2024

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. Purchasing is more transactional and tactical. Purchasing focuses specifically on the buying transaction.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52

The Procuretech Podcast

OCTOBER 3, 2022

FinTech content at the time was a lot more attractive: Punchy articles, simple “How To.” This takes consultation and a lot of time. People often jump on a new technology without thinking about the bigger picture of change management. But it's not going to create value without a plan on how that fits your business. .

supply chain software solutions 40

supply chain software solutions supply chain budgeting Supply chain Supply 40

ivalua

FEBRUARY 25, 2021

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Demand planning capabilities. Efficient warehouse management. Point-of-use data capture.

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supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221