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Data is central to successful digital transformation to relay real-time information and greater visibility into operations and resource allocation. We’ve always been focused on ensuring that we have high-quality data that’s accessible and secure. Then look at generating quality data in the source-to-pay process.
Frank is the Director of Market Strategy at Cleo, where he is focused on helping companies get ahead and stay ahead despite persistent supplychain complexity. Every business has the opportunity to implement a procurement solution that promotes better overall spendmanagement while working cohesively with other procurement strategies.
If Procurement can impact everything from customer satisfaction and product & service quality to cash flows and profitability – shouldn’t it be on top of every team’s 2023 training list? Supplychains are becoming more and more complex, constrained, and daunting by the day.
This can result in the products being purchased across the company having an inconsistent quality, which can be damaging to the companies brand. A lot of time and energy can be spent inefficiently sourcing the goods, which can be bought from a huge variety of suppliers at vastly differing prices and quality.
This can result in products and services being purchased across the company with no consistency of supply or quality. Which can be bought from a huge variety of suppliers at vastly differing prices, quality and approaches to corporate social responsibility. 4 Sourcing the right way for Promotional goods and services.
It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers.
Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability. With s2P software, a sourcing module may help to discover new potential vendors, or uncover additional categories of spend that existing, incumbent suppliers are able to serve. Competitive bidding, which optimises cost.
Raindrop Raindrop is one of a number of US procurement startups offering enterprise-level spendmanagement platforms. Raindrop has also been recognised as a cloud-enabled procurement focused Contract Lifecycle Management (CLM) application. With this, you get a complete, cost effective solution to your technology spend issues.
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