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Cost Efficiency vs Cost Effectiveness: A Complete Guide

SCMDOJO

Head to our course guide Fundamentals of Systems Costs Our E-Book on Activity Based Costing in Procurement will also help you upskill your knowledge of costing in procurement. Additionally, it enables the verification of the KPI and automates routine processes.

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Public Procurement & Supporting Apprentices

Procurement Templates

Value for Money considerations Whilst procurement decisions should always be made on a quality/cost/risk basis, this can include taking into account incentivising investment in apprenticeships and skills as part of broader qualitative long-term benefits on the supply side alongside other ‘additionality’.

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Read More: 10 Must-Read Supply Chain Analytics Books for 2023 ] The benefits of SCM analytics are numerous. By providing visibility into every aspect of the supply chain, companies can identify bottlenecks, reduce waste, and minimize delays.