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Expanding the influence and impact of Procurement

Spend Matters

In his assessment, Utz previously excelled in the operational aspects of procurement, such as transacting business, supporting manufacturing operations and maintaining raw material inventory the day-to-day firefighting of procurement. For the third piece of tech, a contract management system, the Legal Department was a strong ally.

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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

At a high level, procurement focuses on sourcing the goods and services an organization needs, while supply chain management oversees the broader flow of those goods, from raw materials to end customers. However, automating the contract lifecycle can free up resources and ensure consistency.

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AI in procurement: How different industries are harnessing its power

Spend Matters

Manufacturing and industrials: Strengthening the supply chain backbone In the manufacturing world, procurement is about much more than just tracking spend its the heartbeat of supply chain management.

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Cost Performance Index (CPI): What is it and How to Calculate it?

SCMDOJO

Procurement Cost Efficiency CPI can track procurement cost efficiency by comparing budgeted vs. actual spending on raw materials and supplies. Example: If a company planned to procure materials worth $100,000 but ended up spending $120,000. Below are some key areas where CPI can improve supply chain efficiency: 1.

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Procurement analytics: your key to cost savings

TYA Suite

Pfizer has implemented procurement analytics tools to ensure strict adherence to supplier contracts, especially for critical pharmaceutical raw materials. With detailed spending analytics, companies can consolidate suppliers, negotiate better contracts, and optimize budgets.

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Upskilling Supply Chain & Procurement To Gain Strategic Skills

Skill Dynamics

Professionals now need to look beyond merely negotiating contracts and look to develop long-term partnerships that align well with company goals. An end-to-end (E2E) supply chain describes the process that covers all stages across the supply chain from sourcing raw materials right through to delivering the final product.

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What is the Best Procurement Software?

Procurement Express

Fishbowl Inventory Source Fishbowl is an inventory management system built for manufacturers that order a lot of raw materials. While it has a procurement element to it, FishBowl is something of an outlier compared to say, ProcurementExpress.com or Procurify.