Remove Eprocurement Remove Risk management Remove Supply Chain Efficiency
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Essential Procurement Skills for the Leaders of Tomorrow

Skill Dynamics

Strategic Sourcing and Supplier Relationship Management Strategic sourcing skills are crucial for procurement professionals to effectively identify and then leverage opportunities within the supply base to create value. Strategic sourcing can also help reduce the overall risk in a given supply chain.

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What is Source to Pay? Steps, Benefits, and Best Practices

Jaggaer

Rather than treat procurement as a series of disparate tasks, global organizations in all sectors implement efficiency across the source-to-pay journey. Each stage contributes to a more strategic approach to procurement: Spend management: Despite the title, source to pay cannot really start with sourcing. the public sector).

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Modern CPOs on their way to Smart Procurement

ivalua

Today, they are tackling new priorities like risk management, supplier compliance, actionable insights. If procurement is to do more, it must be more efficient and free up capacity for higher value activities that support new strategic priorities. Compliance in Times of Uncertainty.

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Building a Procurement Strategy Roadmap for Success

Skill Dynamics

The Foundation of a Successful Procurement Strategy To put it simply, a procurement strategy is a plan that outlines how an organization optimizes its external spending, manages its various supplier relationships, and maintains streamlined internal processes to support cost-effectiveness and generate efficiency.

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Who Did “AI Pick” As The Best Solution Provider For LCBO?

Procurement Insights

Supporting the Liquor Control Board of Ontario (LCBO) during a rail strike requires a procuretech provider that offers strong supply chain visibility, risk management, and flexibility in sourcing and logistics. Supply Chain Visibility and Risk Management 3. Here’s why: 1.

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Procurement Terminology is a Mess!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. categorically be boiled down to the ability to communicate efficiently. See Image Below, also from CIPS where the cycles of eSourcing and eProcurement are visualized). eSourcing is the discipline of all activities leading up to the eProcurement cycle. Subscribe Here!

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What Are The Pressures That Procurement Faces In 2023 And Beyond?

Barkers Procurement

The increasing pressure from macroeconomic factors that include Inflation, Continued Supply Chain disruption and Geopolitical tensions are primary areas of concern for the procurement professional. McKinsey reports that supply chain disruption is costing companies 0.47% on average each year. How can Barkers help?