Remove Risk management Remove Spend management Remove supply chain budgeting Remove Supply Chain Efficiency
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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Why is Business Budgeting Important? Budgeting should be part of regular financial planning.

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Supply Chain Risks: Different Types and How To Mitigate Them

Planergy

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. This can also include economic instability.

Risk 52
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Unleashing the Power of Procurement Buyers: Delving into this Impactful Role

Arkestro

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

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Procurement Strategy: Optimizing Your Path to Success

NLPA (Next Level Purchasing Association)

This strategy unlocks benefits like cost reduction, risk management, and strong supplier relationships. Are you focused on cost reduction, innovation, sustainability, or a combination? Value engineering (finding alternatives) and reducing waste can also contribute. Strong contract negotiation helps manage risks.

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Procurement Technology: 6 Solutions You Should Know In 2024

Pipefy

Procurement technology landscape Procurement technology is primarily designed to simplify procurement processes and reduce costs, but it’s grown to offer so many more benefits than that, with the greatest one being transforming procurement into a source of reliable strategic influence. Contract and compliance management.

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5 Steps Towards Modernizing Supplier Management

ivalua

Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. Gain control of your supplier data.

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7 Spend Analytics Software for Mid-Market Businesses

Procurement Software

You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend. Can you do spend analysis in an Excel spreadsheet? Mithra-Ai Mithra-AI Solutions B.V.