Real-time Visibility Strategic sourcing Suppliers Supply chain resilience 
World of Procurement blog
MAY 8, 2024
Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.
Empowering CPO
JUNE 27, 2023
By analyzing and understanding how an organization spends its resources, businesses can identify cost-saving opportunities, enhance supplier relationships, and drive overall efficiency. Traditional approaches to spend analysis relied heavily on manual processes and limited data visibility.
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Empowering CPO
JUNE 14, 2023
It’s a strategic function that involves understanding market trends, analyzing suppliers, negotiating contracts, and managing relationships, among other tasks. Procurement is central to a business’s operations, with a purpose that encompasses cost-efficiency, quality control, risk management, and strategic sourcing.
Planergy
JANUARY 26, 2023
How to gain visibility and control of your indirect spend. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The best way to minimize disruption is to identify the various supplier risks and create a plan of action for what to do if the risk becomes a reality.
ivalua
FEBRUARY 25, 2021
They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Best-in-class solutions do a better job of capturing usage data for healthcare products at the time of patient use.
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