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Unique Problems Require Unique Solutions

ivalua

Enormous, complex, global enterprises use procurement technology to manage their spend, suppliers, contracts and bids every day without seeming to run into the same stumbling blocks as the public sector, which operates on a smaller and more localized basis.

e2e 113
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Strategic Sourcing Success – Techniques Deployed by Leaders in S2P

Jaggaer

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Streamlining the onboarding process through digitalization can therefore deliver huge benefits.

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9 Steps to Improving Supplier Collaboration for Competitive Advantage

Jaggaer

Your goal might be to transition from purely traditional buyer-supplier business arrangements, fine-tune strong supplier relationships that yield average results, or something in between. Getting strategic about supplier collaboration positions you to succeed today and overcome tomorrow’s unexpected challenges.

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What Is the Source-to-Pay (S2P) Process?

Pipefy

Because this process ends when payment is issued, businesses adopting a source-to-pay model often use dedicated software to integrate procurement departments with accounts payable (AP) for end-to-end centralization of business and supplier interactions. They also make it easy for buyers to compare suppliers and negotiate.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. Improvements to end-to-end supply chain efficiency.

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Procure-to-Pay (P2P) vs. Source-to-Pay (S2P)

Procurement Software

Competitive bidding, which optimises cost. Improvements to end-to-end supply chain efficiency. Some of the more advanced procurement software offering source-to-pay functionality can also provide: Reverse auction capability, with complex functionality for bid and proposal evaluation criteria. Value Drivers (H3).

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How Digital Procurement Tools Can Eliminate Busy Work

Procurement Software

Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. RPA will over time take away a lot of the need for operational buyers and purchase admin roles. What is procurement tech?