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Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

5 steps to take when managing tail spend to avoid making purchases within an organization that go underutilized or unused. Tail spend refers to an organization’s high-volume, low-value transactions that are typically unmanaged by the procurement team. Managing Tail Spend to Avoid "Porcelain Dalmatians".

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7 Tips For Managing Project Budgets Successfully

Planergy

Budget Management Procurement Project Management. IN THIS ARTICLE. Managing a project budget is no small feat. To create a good budget, you will need to have a clear understanding of your project’s costs, which can be divided into three categories: direct costs, indirect costs, and contingency costs. King Ocean.

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Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

Supply Chain Game Changer

As such we have focussed on curating a wide range of content and resources that will have relevance to anyone at anytime no matter what their needs may be. ” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods.

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When Should My Small Business Create a Procurement Function?

Una

When Should My Small Business Create a Procurement Function? Tips for small business owners on how to implement a procurement function as your organization scales – and before it’s too late. could be saved by taking a proactive approach to procurement.

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Making What We Buy Sustainable Is Just The Start

Positive Purchasing

You may already be challenging what the business is specifying and have questioned the ‘needs’ versus ‘wants’ within each buying decision. Now, with the need to move beyond price and security of supply to sustainable and ethical sourcing, procurement must become a more strategic and proactive function.

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How to Transform Your Business With Group Purchasing

Una

How to (Actually) Transform Your Business with Group Purchasing Learn how to transform your business with group purchasing and add an average of 18-22% savings per category to your bottom line. By Mackenzie Oakley | April 9, 2024 Search Search Back in 2020, I refinanced my mortgage. For your business? in savings ?

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The Discovery of Procurement Value

The Good Spending

Procurement value demystified Unfortunately, "procurement value" became another buzzword – everyone tells us to generate, capture, and sustain it. It doesn't exist in its raw form; it's being created. This 1914 philosophical article defines value as the object of proper judgment. It is rather adjectival.