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The Future of Managed Procurement Services: Trends to Watch Out For

Empowering CPO

Introduction In an increasingly interconnected and competitive business landscape, the role of procurement has transformed from a supporting function to a strategic powerhouse. Traditionally, procurement was seen as a tactical, back-office process, primarily focused on buying goods and services at the lowest possible cost.

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The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert

Arkestro

Resources / Blog / The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert For automotive procurement teams, navigating the complex landscape of procuring components for vehicles is no easy feat.

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An Interview on the Challenges Facing Procurement Today with Jon Hansen

HICX

Jon is a renowned writer and speaker in Procurement. Starting his career as a software company founder, he now runs the Procurement Insights blog and hosts a podcast, PI Window on The World Show which airs on Blog Talk Radio. How Procurement transformed into the function it is today.

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Top 3 considerations for adopting RISE with SAP to modernize your operations

IBM Supply Chain Blog

SAP, the leader in enterprise application software solutions, recognized the need for a flexible cloud-based solution and introduced RISE with SAP to help organizations modernize their ERP, accelerate business transformation and drive innovation. What are your current business process and operational challenges?

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Exploring the ROI of Managed Procurement Services

Empowering CPO

Introduction In an ever-evolving business environment, successful procurement operations are key to keeping organizations efficient, competitive, and profitable. But what happens when businesses lack the resources, expertise, or time to manage procurement effectively? This is where managed procurement services come into play.

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The Role of Spend Analysis in Strategic Sourcing: A Complete Guide

Empowering CPO

The answer lies in the powerful tool of spend analysis. Spend analysis, a cornerstone of procurement and supply chain management, is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing procurement costs, improving efficiency, and monitoring compliance.

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The most valuable AI use cases for business

IBM Supply Chain Blog

When thinking of artificial intelligence (AI) use cases, the question might be asked: What won’t AI be able to do? The easy answer is mostly manual labor, although the day might come when much of what is now manual labor will be accomplished by robotic devices controlled by AI. We’re all amazed by what AI can do.