Remove Product development Remove Purchasing Remove supply chain budgeting Remove Supply chain resilience
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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

These models are often accompanied by practices such as annual rate contracts, bulk buying, and just-in-time purchasing. The focus here is primarily on cost reduction, with procurement seen as a cost center rather than a value-add function. It requires trust, transparency, and a shared vision for success.