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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important? Budgeting should be part of regular financial planning.

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Delivering on promise and purpose in the retail supply chain

IBM Supply Chain Blog

The good news is that sustainability and profitability go hand-in-hand, especially in the retail supply chain. Promises Ultimately, every consumer wants to know that their chosen retailer is going to meet order promises. 3 Tips for delivering on promise and purpose in the retail supply chain 1.

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Inventory Forecasting — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

The pandemic wreaked havoc on businesses and their supply chains, but even in these trying times, there’s a silver lining. The job of sourcing professionals is to understand the risk in the supply chain and manage it so they can react quickly when a problem occurs.” But cost reduction is no longer sufficient.

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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

The procurement department is an integral part of any organization, playing a crucial role in the purchasing process. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

This is achieved by helping business owners determine the right time to restock their items or purchase materials for production. By employing the right Inventory Control Techniques, you can ensure that your business maintains a sufficient stock level to meet consumer demand.

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What Skills Does an ESG Procurement Manager Need?

Una

Organizations are feeling the need to fill highly-skilled ESG procurement manager roles to meet consumer demand for sustainable goods. By Hugo Britt | October 26, 2023 Search Search You don’t need a crystal ball to see that demand for ESG (Environmental, Social & Governance) Procurement Managers will continue to grow.