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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

But before we venture into the depths of innovation in this field, let’s first establish what procurement really is. It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Introduction A. Understanding Procurement A.

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A Gameplan for Procurement Transformation

NLPA (Next Level Purchasing Association)

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

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Procurement-Specific Leadership Skills

Una

The hard-won skills that you’ve developed over the course of your procurement or supply management career will always be relevant, no matter how high you climb. Procurement leaders may handle escalated issues and engage with suppliers at a strategic level to enhance collaboration and drive innovation.

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Technology Round-Up — April 21, 2023

CPO Rising

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

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What does a Procurement Manager do? Job Description, Skills, and Qualifications

Arkestro

The best procurement managers are masters of risk mitigation and budget management, while also maintaining high quality standards and a competitive edge. Even more importantly, they help drive an organization’s strategic goals, pushing for ongoing innovation and productivity. And what does it take to become one?

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Technology Round-Up — June 3, 2022

CPO Rising

CPO Rising’s Technology Round-Up Series returns today with fresh supply management technology news and updates covering a few recent major announcements.

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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. In addition, a well-crafted procurement framework fosters innovation and sustainability.