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Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

As companies grapple with economic uncertainties and rapidly evolving market dynamics, the focus is shifting from mere cost-cutting to strategic cost management. In this context, Managed Procurement Services offer an effective path to achieve this objective, leveraging innovation, process efficiency, and expert insights.

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

SCMDOJO

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. They also manage the organization’s supply base to ensure coordination and efficiency.

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Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence.

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5 Tips For Effective Source to contract During Crisis

Zycus Cognitive Procurement

How is Source to contract affected during a crisis? Supply chains were severely disrupted on a global scale as countries closed their borders. Contracting was also impacted as employees could no longer come to the office and conduct paperwork. As linear supply chains evolve into interconnected DSNs, A.I.

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What Does “Good” Look Like: Strategic Sourcing

ivalua

A process flow or framework becomes a crutch when Procurement Professionals either don’t know what else to do or don’t have enough experience with varied approaches to recognize the signals in a supply market or competitive landscape suggesting that an RFP isn’t the best way to maximize results.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

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Category-based Procurement

Claritum

“As such, a category manager is the ‘CPO of their category’ and carries a weight of responsibility for their organisation’s application of the category – especially for direct categories that support strategic supply lines.”. Focusing by category allows optimisation of the supply chain for that specific category.