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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Key technologies changing the game in procurement include: E-Procurement Systems E-procurement software provides a centralized platform to manage the entire procurement process online. Conduct supply chain audits and due diligence on high-risk categories. Dual sourcing and supply chain digitization can help.

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The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Collaboration and Stakeholder Engagement: Digital platforms and cloud-based solutions facilitate collaboration among procurement teams, suppliers, and other stakeholders. In the context of spend analysis, IoT can provide real-time data on inventory levels, consumption patterns, and supply chain activities.