Remove Global sourcing Remove Stakeholder engagement Remove Suppliers
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What About Procurement Objectives?

Procurement Templates

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

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Deloitte Global CPO Survey 2023 — A focus on digital maturity and how to get there

Spend Matters

Happily, nearly all CPOs in the survey understand the power of digitization and cite it as the second most important priority after (unsurprisingly) supplier collaboration. Supplier management and enablement layer between all enterprise functions and third parties of all types.

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Procurement Challenges Condensed

Claritum

Stakeholder engagement. Knowledge of technology impact on sourcing (innovation opportunities). Knowledge of technology impact on logistically how and physically what you are sourcing (innovation opportunities). Multiple / global sourcing of critical components. Reach to multiple potential suppliers.