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Spot the mistakes Strategic Sourcing Framework

Procurement Templates

This assessment aims to identify what the organization needs to procure to fulfill its objectives effectively and efficiently. Risk Assessment : Identifying potential risks associated with procurement activities is essential for effective planning and mitigation.

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The Nature Positive Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. And given that nothing can happen without a leading and supportive Supply Chain, by extension what is a “Nature Positive Supply Chain”? Clearly these are breakdowns in end to end Supply Chain Management which impact on nature and our environment.

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How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

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The Reality of Automation in Procurement!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. Along with cost savings, procurement managers are focusing on optimizing and automating processes. Subscribe Here! Email Address. Benefits of Procurement Automation.

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Digital Procurement Tools: How much do they cost?

Procurement Software

Supplier Relationship Management (SRM) Full stack SRM software offering - depending on the tool - modules such as supplier onboarding, due diligence, supplier audit, supplier performance, internal stakeholder surveys, quality management, fraud checks, sustainability reporting.

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Implementing a Spend Analysis Solution: Steps and Best Practices

Empowering CPO

By examining spending patterns across various categories, such as suppliers, departments, and geographies, businesses can uncover hidden opportunities for cost savings, mitigate risks, and enhance their overall procurement efficiency. Mitigating Supplier Risks: Proactive supplier risk management is crucial for organizational success.

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Preparing for the EU AI Act: Getting governance right

IBM Supply Chain Blog

.” European Parliament News The EU AI Act in brief The primary focus of the EU AI Act is to strengthen regulatory compliance in the areas of risk management, data protection, quality management systems, transparency, human oversight, accuracy, robustness and cyber security.