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Spend Management — The Ultimate Guide of 2023

Procurement Tactics

Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management.

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Körber strengthens strategic and operational procurement with Ivalua and OptiBuy

ivalua

As an international technology group with about 10,000 employees, Körber offers products, solutions and services that inspire. The close cooperation between supply chain management and internal stakeholders as well as external partners made a major contribution to this.

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Using Digitization to Unlock Supply Chain Value for Manufacturers

ivalua

Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process. Digitization Benefit #3: Total Spend Management.

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Coupa and Cirtuo Revenue Growth, Profitability, and Implementation Success 2000 to 2025 (And Beyond)

Procurement Insights

in 2015 and climbing steadily to $1.21B by 2025 – representing extraordinary growth as the company established itself as a leader in the spend management space.

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Episode 82: Winning at the Game of Risk with Rohit Hajela

Una

Rohit started his career working in product development, and over time that evolved into vendor management roles in procurement. Today he continues that work and he has also co-founded a business called Vendor Management Office that helps track third party technology vendors. Get in Touch.

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Elements of a Diversified Procurement Strategy

Una

Traditional means of creating value include things like managing contracts with preferred suppliers , controlling maverick spend, and minimizing warehouse costs. Focusing on sustainability and partnering with a GPO can lead to greater cost reduction and better spend management, as well.

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How GPOs Can Help Protect Business Continuity

Una

While an independently managed supply chain might include one or two suppliers for a given product, many GPOs have dozens of redundant suppliers to guard against supply chain disruptions. Product development is an ongoing task so its essential that businesses can obtain the resources needed for new products and services.