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

ivalua

Lack of shared data, visibility, and KPIs leads to disconnects, including poor supplier performance tracking and missed savings. Integrated platforms unify procurement and supply chain teams, improving collaboration, compliance, and supplier relationship management. Procurement vs. Supply Chain Management: What’s the Difference?

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Here’s a comprehensive list of the top 100 skills that a Procurement Manager should master

Procurement Templates

Here’s a detailed guide to enhance procurement capabilities across various domains: Strategic Sourcing and Supplier Management Actionable Steps: Analyze Spend Data: Use spend analysis tools to identify areas where costs can be reduced or efficiencies improved. Workshops on negotiation and supplier relationship management.

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What About Procurement Objectives?

Procurement Templates

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Consider which projects or contracts require a plan B.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Building Stronger Relationship s : Effective Approaches to Multi-Tier Supplier Collaboration A chain is only as strong as its weakest link—but what if you can’t evaluate the entire chain? Tier 1 suppliers and their suppliers—and their supplierssuppliers—make up an organization’s multi-tier supply chain.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. ERPs tend to be built for the back office, so they lack the consumer-like user experience that leads to high user adoption among suppliers.

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The Big Interview with Lorna Baker

Procurement Heads

Procurement at Futures involves negotiating and renegotiating contracts for all goods, works and services. We’re responsible for the supplier management and then supporting the business in contract management as well. We’re a point of escalation, for dealing with issues and supporting through the exit of contracts.

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Intake & Orchestration in Procurement – Cutting Through the Jargon

Jaggaer

These could be service requests, inquiries, demand planning, or purchase needs. Orchestration AI then ensures the requisition is created, the PO is raised, and the supplier is notified. Maverick or off-contract spend has long been a thorn in the side of procurement and finance teams.