Remove Bidding Remove Contract management Remove Supply chain resilience
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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

The eSourcing solution includes the ability to create RFPs, receive bids from qualified suppliers, analyze supplier performance, and manage contracts all in one place. In addition, our Contract Management module helps Manufacturers to easily track milestones and consumption in real time across multiple agreements.

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4 Key Trends Reshaping Manufacturing Procurement in 2024

Arkestro

Sustainable bidding. Procurement can integrate eco-friendly practices into bidding strategies by setting clear sustainability criteria, prioritizing suppliers with established sustainability practices, and requesting detailed sustainability plans from suppliers. Contract management. Conduct risk assessments.

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The Rise of Women in Supply Chain: Career Choice

SCMDOJO

Key competencies: Direct & indirect materials Function Strategy & transformation Digitalization ESG Risk management Supplier Relationship management She is an invited lecturer and Award-Winning Speaker, nominated for ‘Best Procurement CPOs – Russia’ list.

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How to Build an Effective Procurement Strategy for 2024

TYA Suite

This strategy outlines the methods and processes for selecting suppliers, negotiating contracts, , and ensuring that procurement activities align with the organization’s overall goals and objectives. Relies on manual processes for sourcing, negotiation, and Focuses on cost reduction through competitive bidding and bulk purchasing.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. 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. Dual sourcing and supply chain digitization can help.

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Innovative Procurement Models: Exploring Different Approaches

Empowering CPO

At its core, procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Organizations are now expected to not only manage cost but also to ensure supply chain resilience, mitigate risks, and contribute to strategic objectives.