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5 Big Ideas for CPOs in Europe to Develop Procurement Strategies for 2023

Zycus Cognitive Procurement

Technology: CPOs should look for an integrated platform to manage all the spending and processes, such as third-party risk, sourcing, supply chain, invoicing, contracting, and payments. As per Zycus’ Pulse of Procurement Survey, risk management was the top procurement priority for CPOs in 2022.

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The Key Benefits of Outsourcing to Managed Procurement Services

Empowering CPO

These experts don’t just handle the purchasing, but they also bring in their knowledge, skills, and technology to streamline the process, manage risks, and ultimately, unlock greater value for the business. The Need for Outsourcing Procurement Services Managing procurement in-house can pose a host of challenges for businesses.

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Supply Chain Risks: Different Types and How To Mitigate Them

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier risk is always there, but using various risk management strategies can help you minimize the impact. You can integrate systems in various ways, but the more you integrate and customize, the higher your risk.

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Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

To combat these issues, health and pharma need supply chain visibility—all the way down the supply chain. According to McKinsey , companies can minimize supply chain disruption through “greater visibility, rigorous risk management, and newer technologies that help companies better anticipate and respond to shocks.”.

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Procurement Transformation Imperatives for Malaysia in 2023 and Beyond

Zycus Cognitive Procurement

There is an incessant need for going beyond “some-what digital” to “truly digital” operations for business continuity, risk management, and operational excellence. Next-Gen Procurement technologies are driving significant changes in how businesses operate and undertake procurement. Developing supply chain resiliency.

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Digital Procurement Tools: How much do they cost?

Procurement Software

The reality is that procurement tech doesn’t have to be expensive. There’s plenty of digital procurement solutions out there for every budget. Third Party Risk Management Software Resilinc Resilinc offers a comprehensive solution for enhancing supply chain resiliency.

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The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Fact: A digital procurement roadmap is a cornerstone of any procurement organization’s digitalization journey. But, it doesn’t have to be the deciding factor, the end all to be all or the absolute first step in an evaluation of digital procurement solutions. That means you need to know your supplier.