Remove resources 10-procurement-outsourcing-services
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Global Supply Chain — Everything About Supply Chain

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Success! In this article, we will define what the global supply chain is. After reading this article, you will be able to grasp deeply what the global supply chain is. To put it simply, it is the worldwide system that companies use to produce products or services.

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Sustainable Community — Embracing Sustainability

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Community — Embracing Sustainability A sustainable community is one of the aims of integrating sustainability in every business. This article will discuss what sustainable procurement and community are.

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7 Signs of Supplier Financial Instability

Una

By Hugo Britt | April 16, 2024 Search Search Part of your job as a procurement professional is to ensure a stable and reliable supply chain. In this article, we explore the signs that indicate your supplier might be in financial trouble. So, why not outsource this job to a group purchasing oganization (GPO)?

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Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

By Eric Edwards | January 10, 2023. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team. However, if properly managed, tail spending can significantly reduce costs by as much as 10 percent or more of a company’s indirect expenses. .

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Outsourcing Spend Analysis: Pros, Cons, and Considerations

Empowering CPO

Spend analysis is a systematic process that involves the collection, cleansing, classification, and analysis of expenditure data with the goal of decreasing procurement costs, improving efficiency, and monitoring compliance. These complexities have led to an emerging trend in the business world – outsourcing spend analysis.

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Strategic Sourcing for SMEs

Una

Overcoming Challenges with Strategic Sourcing for SMEs Explore how strategic sourcing for SMEs can help procurement professionals overcome the unique challenges of operating a small business. With limited resources, time, and purchasing power, every decision needs to be well-planned and supported by data.

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Business process reengineering (BPR) examples

IBM Supply Chain Blog

The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization. Leaders, senior management, team members and stakeholders must champion the BPR initiative and provide the necessary resources, support and direction to enable new processes and meaningful change.