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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Metrics : Procurement tracks savings, efficiencies, supplier performance, and risk. Procurement is strategically important because it: Drives significant cost savings through economies of scale, supplier negotiations, and process efficiencies. Increases efficiency by standardizing, streamlining, and automating processes.

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Business process management (BPM) examples

IBM Supply Chain Blog

BPM is intended to help improve the efficiency of existing processes, with the goal of increasing productivity and overall business performance. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes. BPM is often confused with other seemingly similar initiatives.