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Tail Spend: Your Guide to Full Spend Visibility and Savings

Una

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. Even with the help of procurement tech, it takes time and resources to bring an unruly tail spend under control.

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CPO Spotlight: Kendall Smith

Procurement Heads

I am the Chief Procurement Officer, which means that I am responsible for the procurement of everything that we don’t sell in stores or online, so everything non-product. Building the team and having greater visibility internally. I wanted the company to know that we have a great procurement team! .

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The Intersection of Technology and Managed Procurement Services

Empowering CPO

Introduction Welcome to our exploration of a fascinating convergence shaping the future of business operations: the intersection of technology and managed procurement services. Before we dive in, let’s first set the stage by discussing EmpoweringCPO, a leader in the field of managed procurement services.

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Procurement and Sustainability are Your Yin and Yang!

Supply Chain Game Changer

Procurement and Sustainability are two disciplines and business functions that exist in a perfectly harmonious contradiction. Procurement is fundamentally centered around the act of acquisition and/or buying. Procurement, as an industry, is committed to positive growth and sustainable development. The Yin and Yang.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! You need to SELL what Procurement is actually doing.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL! You need to SELL what Procurement is actually doing.

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Finance and Procurement: How to Become Natural Allies

Procurement Software

No easy answer, but having some P2P automation software to reduce time and human error in both requisition-to-order and accounts payable can help. Natalia expands on this, and outlines perfectly some areas where procurement teams drive value beyond just P&L-visible cost savings. This was also something highlighted by Mathew.