Empowering CPO

JUNE 30, 2023

Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.

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Supply Chain Game Changer

NOVEMBER 13, 2018

Check out What Exactly Is Procurement? And What is Purchasing? There has been transformation in the Procurement function over the past decade. From the starting point of the traditional buy-sell, transaction-based purchasing, the practice has moved through stages of change that redefines most aspect of the business.

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Jaggaer

OCTOBER 24, 2024

Maximizing Cost Savings Through Strategic Supplier Collaboration With the growing emphasis on long-term value creation, Chief Procurement Officers are increasingly turning to supplier collaboration as a cornerstone of cost reduction. What is Cost Saving in Supply Chain Management?

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Arkestro

JUNE 20, 2023

You may face challenges such as choosing reliable suppliers, controlling costs, and managing orders. Research-backed procurement strategies can help CFOs achieve their goals while minimizing risk exposure across global supply chains. With 36% of leaders prioritizing AI implementation in finance [1].

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NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.

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Arkestro

MAY 9, 2023

Resources / Blog / What CPOs Need to Know About Predictive Procurement Orchestration What CPOs Need to Know About Predictive Procurement Orchestration The vast majority of Chief Procurement Officers (CPOs) believe in the power of procurement data to make better-informed decisions across their organization.

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Slimstock

MARCH 26, 2019

This might seem like a simple and obvious way to improve your procurement operations, but maintaining a positive supplier-buyer relationship is a vital component in ensuring good delivery, service, and quality. Procurement professionals have great analytical skills. Improve Inventory Insights.

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Procurement Software

JUNE 25, 2024

This article will first of all guide you through the essentials of procurement cost savings. We’ll then take a look at how we can move beyond just purchase cost reduction. Cost Reduction Cost reduction in procurement transcends mere price negotiations. Will CPOs evolve into Chief Value Officers?

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Supply Chain Game Changer

JUNE 2, 2020

Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “ Seasoned Leadership in Action ™” Interview series at Supply Chain Game Changer.

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Pipefy

DECEMBER 18, 2023

Procurement teams also want less time spent on “low-value” work caused by inefficient and manual purchasing processes so they can focus on innovative high-level activities. This means a solution that: Maintains oversight of purchasing patterns overalls. Reduces the need to outsource.

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Empowering CPO

JUNE 20, 2023

Definition of Tail Spend and Its Importance in Procurement Tail spend, or non-strategic spend, typically refers to the approximately 20% of a company’s purchases that account for about 80% of its suppliers. However, when taken collectively, these costs can add up to a significant portion of a company’s total spend.

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World of Procurement podcast

OCTOBER 11, 2021

I think there's a danger sometimes when you work in procurement, particularly when you're, when you've got pressure for you, from your CFO, from the budgeting perspective that you can fall back into a pattern of being a purchasing team, really focused on cost commodity buying, but you're right. Lots of lots of instances.

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