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The Complete Procurement Competency Framework 2025

Skill Dynamics

Negotiation Your procurement specialists must be able to negotiate effectively with your suppliers. Strong negotiation can lead to cost savings, more advantageous counteract terms, and overall a much more optimized procurement chain.

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Procurement Fraud: Identifying Risks and Effective Management Strategies

Skill Dynamics

Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future. Not only will it ensure that you comply with regulations, but it will also help you maintain operational effectiveness throughout your procurement chain.

Risk 52
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The Impact of Employee Skill Proficiency on Business, Innovation, and Supply Chain Performance

Skill Dynamics

Additionally, if your employees are highly proficient, they can help to create an atmosphere that fosters innovation and can even influence your business’ stock market performance. For example, one of the primary objectives of procurement is cost savings.