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Unleashing the Power of Procurement Buyers: Delving into this Impactful Role

Arkestro

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

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How Spend Analysis Supports Supplier Diversity Initiatives

Empowering CPO

This empowers them to make data-driven decisions that not only enhance efficiency and reduce costs but also foster a diverse and inclusive supplier base. We believe in empowering companies to contribute to a more diverse and equitable business landscape, one procurement decision at a time.

professionals

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Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation. Risk management and mitigation is a primary purchasing challenge today. Before, purchasing managers often prioritized spend management. Implementing compliance.

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Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? As we have all seen in the last few years, school districts across the United States are not making budget and there have been a lot of cuts. What are We Seeing Firsthand?

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3 Key Steps to Increase Operational Efficiency in Procurement

Procurement Software

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management.

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3 Key Steps to Increase Operational Efficiency in Procurement

Procurement Software

Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance. Sustainability initiatives within the supply chain. Third party risk management.

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How to Implement a Strategic Sourcing Process

Una

DOWNLOAD PLAYBOOK Table of Contents Introduction In procurement and supply chain, staying ahead of the game is not just a goal – it’s a necessity. Risk Management Strategic sourcing assesses and mitigates risks associated with suppliers, market volatility, and geopolitical factors.