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Webinar Recap: Procurement 2022, Big Trends and Predictions

ivalua

Enterprises will continue to undergo the financial burden of revenue disruptions, consumer , and uncontrolled supply chain variables. . As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . The Criticality of the Supply Chain (and Suppliers).

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Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.

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Time to Look into the Future of Procurement!

Supply Chain Game Changer

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? The fundamental objective of any organisation is lowering the cost of goods manufactured. A Paradigm Shift in the Procurement Function.

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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Negotiates cost-effective contracts with suppliers while following organizational policies and guidelines.

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Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence.

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.