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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Dual sourcing and supply chain digitization can help. Supply Chain Resilience : Building flexibility and redundancy in the supply chain is critical. Strategies like nearshoring, inventory optimization and scenario planning enable resilience.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

Market volatility, globalization, and changing customer expectations have made procurement more complex than ever before. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.

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The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Sometimes, digitalization requires change management, process shifts, and organizational restructuring. Adopting solutions that enhance risk management, transparency, visibility & compliance is more important now than ever before. One of the best ways to support supply chain resilience is to ensure that you’re preemptive.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

Users can leverage a robust workflow with the necessary tools to segment suppliers for review and approval with subject matter experts and ensure changes and updates to existing records are completed through an effective and auditable change management process. How to Achieve Supply Chain Resilience and Agility post Covid-19.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Change management strategies for successful adoption Implementing digital spend analysis involves organizational change. Change Management: The manufacturing and retail company recognized the importance of change management in their digital transformation journeys.

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The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

Supply Chain Analytics: Consultants can implement data analytics tools and dashboards to gain supply chain visibility and insights. Talent and Change Management: Consultants ensure successful adoption of supply chain changes through leadership alignment, employee training, and organizational change management.