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Tariffs and Procurement (Part 3): Tech capabilities for proper tariff management

Spend Matters

Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.

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Tariffs and Procurement (Part 2): Tariff management and building an action plan

Spend Matters

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Also, businesses operating globally must be able to adapt to sudden trade policy changes.

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The Rise of Women in Supply Chain: Career Choice

SCMDOJO

In recent years, there has been a significant shift in the supply chain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supply chain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.

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Procurence: Vendor Analysis, 2022 Update (Part 1) — SxM and main new modules overview, market analysis and tech selection tips

Spend Matters

It currently offers a SxM solution that is rapidly growing to cover other processes (sourcing, contract management, order collaboration, cost optimization). By consequence, it also brought solution providers with dedicated capabilities for direct spend under the spotlight. Poland-based Procurence is one such provider.

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Total Cost of Ownership (TCO): Definition, Components, and Examples

Pipefy

A common misbelief is that lowering costs begins and ends with negotiating a lower initial purchase cost, but optimizing TCO requires a more big-picture strategy. In a similar strategy to spending more upfront to save in the long run, investing in preventative measures to reduce downtime helps optimize TCO.

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The Comprehensive Guide to Spend Analysis in Healthcare

Empowering CPO

Explanation of Spend Analysis and its Importance in Healthcare In the ever-evolving landscape of the healthcare industry, optimizing costs and maximizing efficiency has become paramount. Coordinating and optimizing this intricate network can be challenging, leading to inefficiencies and higher costs. Introduction A.

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Materials Management Objectives: A Strategic Approach

SCMDOJO

In today’s competitive business landscape, highlighting efficient materials management objectives is a critical step to be performed and achieved. Let’s talk about why material management objectives should be taken into consideration. Check out our comprehensive Supply Chain Track on SCMDOJO.