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Procurence: Vendor Analysis, 2022 Update (Part 1) — SxM and main new modules overview, market analysis and tech selection tips

Spend Matters

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). Procurence’s solution (Meercat) provides customers with rich features to manage their suppliers and their risk, emphasizing supply quality management and project-based procurement.

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The Beautiful Complexity of Procurement Planning

The Good Spending

The business must provide specific requirements for each strategic category - need-by dates, critical technical requirements, quality management provisions, etc. As part of category planning, procurement will prepare the contract management plan to identify valid multi-year contracts and upcoming contract renewals.

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How to build a successful procurement strategy

IBM Supply Chain Blog

Understand the organization’s needs—whether it’s increased sales, managing cash flow, shorter time-frames, improved forecasting, quality management or sustainability—and how they align with the overall business strategy and long-term plan. Be flexible.

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Digital Procurement Tools: How much do they cost?

Procurement Software

May also have integrations with other data points, or offer vendor intake or contract management capability. Full Stack Contract Management Software Icertis Icertis as a platform not only optimises contract management but also provides deeper analysis and actionable insights, thanks to its AI-driven applications.

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Adapting Pharmaceutical Companies’ Distribution and Supply Networks

Jaggaer

Next, teams must take a close look at the quality management process, making sure it covers the whole distribution flow. Contract managers must ensure clear rules are defined, specifically regarding product reception, batch recall, quarantine management and reverse logistics.

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Spot the mistakes Strategic Sourcing Framework

Procurement Templates

Quality Assurance : By evaluating suppliers’ past performance, certifications, and quality management systems, organizations can assess their ability to deliver goods or services that meet the required quality standards. This helps ensure that only reputable and reliable suppliers are considered for the contract.

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The Key to Successful Procurement Negotiations? Be Prepared!

Jaggaer

Negotiating is an important part of any relationship, including those with stakeholders and adjacent functions like logistics, research and development, and quality management. . It’s often said that the most challenging negotiations are not the ones with suppliers, but rather the internal ones. Be Prepared!