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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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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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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.

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Case Study – Børge Langedal from Ignite Procurement & Arndt Romer from SEG Automotive

The Procuretech Podcast

Based in Stuttgart, Germany, they were spun off from Bosch in early 2018 and therefore had to develop their own in-house systems as part of the divestment. It’s a spend management solution to make strategic procurement easy, with data management and procurement analytics as the core offering. Negotiation strategy.

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The 25 Hottest US Procurement Startups

Procurement Software

Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spend management platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. Part Analytics’s enterprise parts catalog, Part IQ, accelerates new product development.