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How to build a successful procurement strategy

IBM Supply Chain Blog

It can nurture collaborative partnerships with suppliers and integrate ethical and environmental (green purchasing) considerations into the sourcing strategy. A procurement strategy is a structured plan that an organization develops to guide its purchasing process in a way that aligns with its business needs.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. It tends to be a more reactive organization focussed on managing day to day tasks and fires. They have an end to end view of the Supply Chain.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. It tends to be a more reactive organization focussed on managing day to day tasks and fires. They have an end to end view of the Supply Chain.

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Shortage vs. Surplus: Causes and Definitions

Finale Inventory

Causes like supply management, marketing strategies and planning are all things businesses should focus on to prevent surpluses and shortages as much as they can. Continue reading for more information about shortages and surpluses and how Finale Inventory’s scalable inventory management system can help your business thrive.

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11 Best Procure-to-Pay Software for the Mid Market

Procurement Software

Onventis Onventis provides a Procure-to-Pay module for buyers that streamlines the procurement process from purchasing to payment. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. These modules can be purchased separately or as one complete suite. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application.