Remove Chief Procurement Officer Remove Sourcing Remove Spend management Remove supply chain budgeting
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Why Procuretech has Immense Potential to Grow

Procurement Software

Procurement is the function in companies that, on a general level, takes care of sourcing, managing vendors and tracking spend. In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. Typically, this is the CFO.

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Unlocking Savings Potential with Tail Spend Analysis

Empowering CPO

But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supply chain. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.

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5 Procurement Trends Shaping 2024

Pipefy

Procurement leaders are generally confident in the current state of their talent and the ability to meet their near-term objectives,” says Fareen Mehrzai, senior director analyst in Gartner’s Supply Chain Practice. In some cases, we may have only budgeted a 10% increase. So the challenge for procurement increases.