World of Procurement blog
MAY 8, 2024
Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Buy fair trade, organic, and locally sourced goods whenever possible. Conduct supply chain audits and due diligence on high-risk categories.
Procurement Tactics
MARCH 16, 2023
Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives. Thus, integrating procurement software eliminates errors and improves productivity within procurement. What is a procurement strategy?
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Zycus Cognitive Procurement
JULY 25, 2022
Over the past two years, we’ve seen how supply chains are constantly changing and facing uncertainties. The latest updates can help you keep up with your industry competition, reduce costs and optimize your supply chain network to improve performance and mitigate risks. .
Empowering CPO
JULY 2, 2023
Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. Moreover, procurement is often directly involved in achieving strategic business goals.
Procurement Software
MARCH 11, 2022
In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration. Procurement as a growth partner to the business.
Procurement Software
MARCH 11, 2022
In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration. Procurement as a growth partner to the business.
Procurement Software
MARCH 11, 2022
What many companies don’t realise though is that direct materials have been negotiated to death. Old school, pure-play price negotiations don’t work, especially in an inflationary market. Direct materials that go into the production process are strategically sourced. 3) Vendors not actively managed.
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