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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. Here we’ll discuss various potential supply chain disruptions and what you can do to mitigate the risks to keep your business up and running throughout whatever circumstances are thrown your way.

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Procurement Tracking – Everything You Should Know

Procurement Tactics

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. What is Procurement Tracking? Procurement Tracking is the process of monitoring and managing procurement activities.

professionals

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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

This blog intends to assist you through the labyrinth of procurement training by pointing out the most reliable courses that fit your objectives and aspirations and hence act as your compass in the realm of procurement training, whether you’re hoping to break into the sector, looking to up skill, or yearning for promotion chances.

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Demystifying Managed Procurement Services: What Every Business Leader Should Know

Empowering CPO

Introduction to EmpoweringCPO and How Our Services Fit Into This Landscape EmpoweringCPO is at the forefront of this procurement revolution. We are a dedicated procurement services company that specializes in delivering tailor-made managed procurement solutions.

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Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.

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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Additionally, since it requires minimal effort and resources compared to other cost analysis methods, it has become a popular choice among many businesses looking for ways to optimize their budgeting process.

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Cost Avoidance: The Invisible Procurement Performance Metric

Procurement Software

In this post, we’re going to look at two areas where Procurement teams typically spend a lot of effort, but often struggle to get recognition: Cost avoidance (including price increase deferrals). Driving value through strategic sourcing and supplier collaboration. Procurement as a growth partner to the business.