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Category management is much more than strategic sourcing

Future Purchasing

Data gathering focuses on spend analysis and supply market research. Implementation focuses on applying competitive tension through RFPs, negotiation, and contracting. Commercial teams take the lead and have intermittent touch-points with business stakeholders.

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What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

His job involved buying, negotiating, contracts, overseas travel, sourcing, suppliers, parts, services, managing, supplier qualification, product qualification, terms and conditions, quality issues and delivery problems. I seem to recall that one of his business cards included both words. Procurement. ” [link]. Purchasing .

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Strategic sourcing: Improve your buying power

TYA Suite

moves into the negotiation phase. By negotiating smarter contracts, this ensures that both the company and the supplier are happy with the agreement, making the relationship more The final step is maintaining good relationships with suppliers. Negotiations may cover pricing, delivery schedules, quality standards, and payment terms.