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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. Leverage e-procurement tools and online auctions to obtain competitive bids and pricing. Cost Savings - The total cost reduction achieved through strategic sourcing, price negotiations, product rationalization etc.

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. But before we venture into the depths of innovation in this field, let’s first establish what procurement really is.

Innovation 52
Innovation Procurement Supply Chain Efficiency Sustainability 52
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