Remove Price negotiations Remove Real-time Visibility Remove Supply Chain Optimization Remove Supply chain resilience
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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Purchasing's value-add is more limited.