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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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7 Spend Analytics Software for Mid-Market Businesses

Procurement Software

Spend analytics software would be the first tech investment I’d make in a greenfield Head of Procurement role. To do this quickly and efficiently, spend analytics software is your best friend. This usually justifies the business case to invest in spend analytics software to categorise this quickly and more easily.

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Procurement Best Practices You Should Know

World of Procurement blog

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

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Procurement Best Practices You Should Know

World of Procurement blog

Leverage Technology and Automation Adopting procurement software and technologies can significantly streamline processes, from e-sourcing to electronic payment systems. Implement Strategic Sourcing Strategic sourcing involves a methodical approach to finding, selecting, and managing suppliers.

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Strategic Procurement — Everything You Should Know

Procurement Tactics

Strategic procurement is data-driven and uses a combination of tools and techniques that go far beyond unit price reduction. However, the entire department must work together for a strategic procurement process to happen. Thus, integrating procurement software eliminates errors and improves productivity within procurement.

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Procurement Tracking – Everything You Should Know

Procurement Tactics

By the end of this article, you will have an idea of the importance of procurement tracking in your business and which procurement tracking software you would want to utilize. It typically looks for details such as supplier information, item descriptions, quantities, prices, or arrival dates. What is Procurement Tracking?

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Vendor Scorecards — Everything You Should Know

Procurement Tactics

These KPIs might include factors such as on-time delivery, product quality, pricing, responsiveness to inquiries, and customer service. Strategic sourcing managers and procurement managers are typically responsible for managing supplier scorecards. Pricing Performance Pricing is an important point when choosing a supplier.