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Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners. Understanding the true cost of manufacturing parts and components around the globe, optimal manufacturing process, total landed cost from various regions is a complex task requiring highly specialized skills.

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Procurement & Supply Chain Management: Aligning for Operational Excellence

Skill Dynamics

When you look behind the scenes of a global business operation, procurement strategy and supply chain management are usually top priorities, though theyre not always working in sync. This blog explores procurement vs supply chain strategy and looks at how aligning the two leads to operational excellence.

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What Is A Pre AND Post-Implementation Case Study: Here Is One For the Cosmetics Industry

Procurement Insights

Indirect spending typically represents 15-27% of revenue in manufacturing companies, making it a significant area for cost optimization. The company likely has multiple facilities, a global supply chain, and sustainability priorities (e.g., Savings Potential: 5-8% via contract optimization. ingredients).

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New Service: Energize And Optimize Your Procurement Practice By Tapping Into Procurement Insights’ Proprietary Archives and Expertise

Procurement Insights

AI hype, supplier consolidation, ERP failure cycles) Content Originator Produces insights others republish SIG and Foundry have used Hansens writing to inform their communities Final Positioning: Procurement Insights doesnt replace traditional analyst or industry firms it makes their insights stronger, more usable, and more trusted.

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procurement cost reduction - importance, types, benefits & strategies

TYA Suite

By establishing strong, trust-based relationships with suppliers, companies can secure lower prices, longer payment terms, or favorable delivery schedules. A good can also lead to collaborative efforts to reduce costs, such as jointly finding ways to improve logistics, reduce packaging, or optimize product specifications.

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Peeling Back The Agent-Based Metaprise Onion

Procurement Insights

Budget Constraints Dynamic Cost Optimization: Autonomous agents analyze spend patterns, negotiate with suppliers in real-time, and reroute logistics during disruptions (e.g., PC retailer paying 21% over market price due to rigid supplier consolidation). supplier risk, ESG compliance) ensures tech investments deliver ROI.

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Introduction to Supplier Consolidation

World of Procurement blog

Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. This enables data-driven supplier management and performance optimisation.