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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

MAY 8, 2024

Developing a Strategic Procurement Plan A detailed 3-5 year strategic plan turns the strategy into an actionable roadmap. The plan defines activities like category analysis, supplier consolidation, technology implementation, process re-engineering, skill building etc. Maintains relationships with suppliers.

Strategic sourcing 52
Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52
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A Deep Dive into Category Spend Analysis: Maximizing Value in Procurement

Empowering CPO

JUNE 27, 2023

It helps identify opportunities for inventory management, pricing negotiations, and demand planning. Cost Variations: Analyzing spending patterns within specific categories reveals cost variations across suppliers, geographies, or time periods.

Procurement 40
Procurement Supply Chain Optimization Supplier consolidation Suppliers 40
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