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Visibility is crucial for supply chains

Strategic Sourceror

For these reasons, many high-end supply chain organizations are investing their money into visibility solutions to get a better handle on their supply chains. Why is visibility so important? Reduced costs Ultimately, visibility boils down into long-term operational efficiency. Brought to you by the StrategicSourceror.

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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power. In addition to enhanced decision-making, flexibility and visibility, analytics engines paired with AI can help manage supplier risk.

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Tips to Streamline Your Purchase Requisition Approval Process

Pipefy

Why purchase request approval is important The purchase requisition approval process is the final layer of review that’s required for all purchase requests. Once purchase requisitions are processed and approved, a purchase order is generated and submitted to the vendor or supplier for fulfillment.

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Supplier Order Management Software – Everything You Should Know

Procurement Tactics

This includes tasks such as creating purchase orders, managing inventory levels, tracking shipments, and reconciling invoices. Supplier order management software, also known as “ purchase order management software” is a digital solution designed to simplify and optimize the supplier order management process.

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Are S2P solutions key to monitoring spend and reducing your costs?

Strategic Sourceror

The ease of use, simple implementation, and visibility across robust procurement workflows are unmatched with end-to-end platforms. When multiple solutions or “extra” modules must be deployed to extend to end-to-end coverage, customers encounter added cost. Learn more about how Corcentric can help you.

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Spendflo: Vendor Analysis — SaaS buying and management solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

SaaS management and buying tools such, as Spendflo, address the lack of buyer visibility. These solutions typically negotiate deals on behalf of the buyer, in addition to automating purchasing and renewal workflows.

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Integrated Logistics — What You Should Know

Procurement Tactics

Integration of different logistics activities provides visibility of the entire operation to key stakeholders and management, which can lead to better decision-making based on solid data. Reliable and real-time data is crucial for customers to plan effectively, anticipate demands, and understand purchasing patterns of their customers.

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