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What About Procurement Objectives?

Procurement Templates

Implement Lean Procurement Practices: Use lean management principles to minimize waste and streamline procurement operations. Create Contingency Plans: Develop risk management protocols for supply disruptions and emergencies.

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The digital front door for procurement leaders in the age of AI

Spend Matters

Stakeholder engagement: The platform has built-in collaboration capabilities and integrates with existing solutions like MS Teams or Slack, for supplier collaboration and internal communication, ensuring that all parties are aligned and engaged through a consistent interface.

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Talent Spotlight: Andrew F. Smith

Procurement Heads

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.

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Talent Spotlight: Andrew F. Smith

Procurement Heads

Andrew’s career started in supply chain and M&A roles in Unipart Group, before moving to Royal Mail where he was part of the procurement leadership team that transformed the function, achieving CIPS Gold accreditation in the process. Collaboration and stakeholder engagement are much-used terms within procurement teams.

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Deloitte Global CPO Survey 2023 — A focus on digital maturity and how to get there

Spend Matters

So while this year’s report places a lot of emphasis on operating model set-up and talent management, we wish to highlight the ‘Digitization’ section because Procurement has a clear imperative to build agility and resilience into supply chains. Category management is the core engine for scaling processes.

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Zip Forward 2024: Forging paths to sustainable success

Spend Matters

This last requirement may be rather technical, but the enabled capabilities allow for earlier, deeper and tailored stakeholder engagement to provide better experience/satisfaction, adoption — which, ironically, is a characteristic that Coupa has continually held as the North Star — spend compliance and influence on pre-sourced spend.

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How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Engage stakeholders Identify and collaborate with internal departments, suppliers and all those who may be impacted by the plan.