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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

What is Procurement? Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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Building Blocks of Supply Chain Strategy!

Supply Chain Game Changer

Consolidation. Supplier consolidation is a major player in supply chain strategy. Analyzing a supplier’s performance to help rein in your business’s core suppliers helps cut down on unnecessary spending. View your supply chain in real-time to give you the power to adapt as demands shift.