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Why Predictive Procurement in Health and Pharma is the Future

Arkestro

From April 2021’s “ A New Paradigm For Procurement ”: “As enterprises increasingly depend on an expanding and evolving supplier ecosystem, better optimization of strategic planning and procurement is paramount. Failure resulted in highly visible shortages, public scrutiny, and loss of life. The stakes couldn’t be higher. .

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

The procurement team manages the order, monitors quality, ensures on-time delivery, processes invoices, and handles any issues that arise during fulfillment. Common procurement metrics include spend under management, savings targets, supplier lead time reduction, procurement process efficiency gains, sustainability metrics and more.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility. Data Integration and Visibility: Connecting disparate data sources, such as procurement systems, supplier databases, and financial records, to create a centralized and holistic view of procurement activities.

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

The importance of these drivers depends on the planning horizons, from the shortest – the Execution Horizon and Sales and Operations Execution – through Integrated Business Planning to the longest horizons of Strategic Planning and Visioning. Doing so frees up time for executives to focus on the bigger picture. .