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The Beautiful Complexity of Procurement Planning

The Good Spending

Where's the procurement planning when you need one? Once, we wrote about demand management in this blog. It's a good enough topic, which misses one crucial element - demand management mastery comes after sophisticated planning. The lion's share of procurement value could be created in the planning stage.

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The Impact of Employee Skill Proficiency on Business, Innovation, and Supply Chain Performance

Skill Dynamics

Additionally, if your employees are highly proficient, they can help to create an atmosphere that fosters innovation and can even influence your business’ stock market performance. A proficient team will drive innovation Skill proficiency and innovative thinking are closely intertwined.

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

SCaaS offers a solution by enabling hospitals to engage in strategic procurement, ensuring standardized operations throughout the contract duration. Two fundamental questions arise: the definition of procurement outsourcing and the most efficient approach to its implementation.

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Inventory Forecasting — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

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From Spend to Supply — Coupa’s direct spend management progress

Spend Matters

One consideration is the range of scenarios direct procurement encompasses, which can vary significantly from one customer to the next. prior to P2P execution) and/or downstream activities, new or existing products, procurement and/or supply chain functions, etc. The specific processes and needs involved may include upstream (i.e.,

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4 Challenges for Procurement in Launching New Products

Zycus Cognitive Procurement

For procurement officers, this can be a particularly daunting task. There are several things to take into account when procuring for a new product, from ensuring you have the correct supplies to planning for potential delays. The root cause of the problem is the failure to forecast demand accurately.

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Collaboration will drive future sourcing and supplier management success

ivalua

Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills. It requires the building of trust and the development of shared goals.