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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

Customers that have been on the receiving end of monthly price increases from their suppliers for over a year will now have an opportunity to turn the tide, push back, and create some rationalization and consolidation across their supply base. Procurement Will Still Need to Orchestrate Elements of the Fat Tail and the Long Tail of Spend.

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Demand Forecasting Methods: Choosing The Right Type For Your Business

Planergy

How to Choose the Right Type of Demand Forecasting for Your Business. Forecasting is the process of estimating future demand for a product or service. Businesses use demand forecasting to make decisions about production levels, pricing, inventory management, and other factors impacting their bottom line.

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Working Capital: What Is It, How To Calculate, and Why It’s Important

Planergy

Options worth exploring include: asking for upfront payments on orders, reducing credit terms, billing customers immediately upon sale, or getting a better grip on sales forecasting/demand planning. Flexibility in your operating cycle is necessary to remain competitive and make the most of your working capital.

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Direct vs Indirect Spend Analysis: What’s the Difference and Why It Matters

Empowering CPO

In the realm of spend analysis, two terms often come to the fore: “direct spend” and “indirect spend” These categories divide organizational expenditure into two broad camps, each with its unique characteristics, challenges, and opportunities.