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How to build a successful procurement strategy

IBM Supply Chain Blog

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. Building strong supplier relationships to encourage favorable contracts and service is also a common goal.

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. And invariably they think of Procurement as the group to go to in order to squeeze more costs out of suppliers over and over again.

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There Are Not Enough Women Supply Chain Leaders!

Supply Chain Game Changer

Supply Chain is no longer a back-office, transactional function. What once used to be a field strictly about getting goods from point A to point B has become one where the top performers use sophisticated technology and supplier relationship management to provide untold cost savings, risk mitigation and innovation. What’s more?

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Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. And invariably they think of Procurement as the group to go to in order to squeeze more costs out of suppliers over and over again.

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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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The 25 Hottest US Procurement Startups

Procurement Software

The software was founded by a group of seasoned procurement professionals who have developed a full-suite spend management platform with two overriding principles: time to value and ease of use. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supply chains.

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

Procurement Software

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing. They are not an end-to-end procurement software suite.