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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation. scenario-driven demand plans. should-be cost models.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

The aim is to select the supplier that represents the best value and fit for the specific procurement need. Contract Negotiation After selecting the best supplier, the procurement team negotiates final contract terms like pricing, service levels, delivery timelines, warranties, and other legal and commercial conditions.