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Strategic Procurement — Everything You Should Know

Procurement Tactics

Become a T-Shaped Procurement Professional Download Whitepaper →  Or receive our famous weekly newsletter Importance of Strategic Procurement Strategic procurement is important as it allows companies to align their sourcing strategy with their business goals resulting in an increase in efficiency and minimizing risks within the supply chain.

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Mastering the art of Supplier Negotiation: Tips and Techniques

SCMDOJO

The following are common types of negotiation in procurement: 1. Price Negotiation: This negotiation focuses on haggling over the cost of goods or services to obtain the best price for procuring products or services. These risks may include supply chain disruptions and quality issues.

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How to Repair Damaged Supplier Relationships

Una

Price Disputes: The characters often argue over money, particularly when experiencing job losses and periods of unemployment. Similarly, procurement professionals often face pressure to cut costs, and price negotiations can become heated, potentially souring the supplier relationship. Deliver on your promises and be reliable.

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Elevating Procurement Excellence: Key Strategies to Optimize Procurement Processes

Skill Dynamics

Numerous platforms and needs, on top of a multi-tiered supply chain, have made origin tracing even more challenging. Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. As a result, training on how to navigate these complexities is a must.

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Solving 6 Critical Procurement Challenges With Business Process Automation

Pipefy

A resilient procurement process can help businesses adapt more quickly to changes in the market and disruptions to the supply chain. Of the primary drivers reported, reducing errors and increasing efficiency and productivity ranked among the top. With the right tools, teams can achieve this and more. Disjointed communication.

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How to be a better procurement manager in 2022: The latest updates on procurement digitization

Zycus Cognitive Procurement

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. .

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An Indirect Path to Manufacturing Savings and Cost Reduction?

Jaggaer

Whether your organization is purchasing raw steel, injection molded plastics, or fully finished office supplies and IT equipment, a st reamlined P2P system can be a game changer. By optimizing the areas where you spend the most, your compan y and organization can drive significant savings in your supply chain.