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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

MAY 8, 2024

Cost benchmarking and market intelligence Data visualization and reporting Predictive analytics for demand planning Data-driven procurement not only improves efficiency, but also empowers more strategic decision making to maximize value. Conduct supply chain audits and due diligence on high-risk categories.

Strategic sourcing 52
Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 52
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A Deep Dive into Category Spend Analysis: Maximizing Value in Procurement

Empowering CPO

JUNE 27, 2023

By analyzing historical spending data, organizations can uncover insights such as: Seasonality: Understanding seasonal fluctuations in spending allows organizations to optimize procurement strategies and negotiate better deals during off-peak periods.

Procurement 40
Procurement Supply Chain Optimization Supplier consolidation Suppliers 40
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