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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

MAY 8, 2024

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Conduct supply chain audits and due diligence on high-risk categories. Purchasing's value-add is more limited.

Strategic sourcing 52
Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52
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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

JUNE 14, 2023

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. It now plays a crucial role in cost savings, risk management, and value creation for organizations.

Innovation 52
Innovation Procurement Supply Chain Efficiency Sustainability 52
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