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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Moreover, early supplier involvement in product development helps businesses reduce time-to-market, improve product quality, and lower costs. Studies show that involving suppliers early can reduce development costs by 10-20%.

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Are you ready to be the manufacturer of the future?

ivalua

Analytics needs to serve as your primary compass for product development and how you bring your products to market. You must be able to capture buyer needs more effectively and create products that meet those needs in the shortest amount of time possible. Risk management. Mastery of analytics.

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Inflation & Procurement

Procurement Templates

Value engineering: Engaging suppliers early in the product development phase and involving them in value engineering can lead to cost reduction. Supplier collaboration: Engage in collaborative discussions with suppliers to explore ways to manage and mitigate inflationary pressures together.

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Hackett CPO Agenda: What’s Top of Mind in Procurement?

Jaggaer

Core activities like spend analysis are moving toward real-time, custom and predictive analytics, while less-mature analytics functions like risk management will join procurement’s list of fundamental responsibilities. Georg has been leading the Product Management team responsible for JAGGAER’s Direct software solutions since 2013.

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5 Things Startups Must Know Before Launching a Minimum Viable Product (MVP)!

Supply Chain Game Changer

Testing your idea with the help of MVP is a no-brainer since it comes with multiple benefits that can offer you an insight towards taking the direction of product development. If used properly, it could add lots of benefits towards the product improvement and provide your team with extra useful information.

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Generative AI use cases for the enterprise

IBM Supply Chain Blog

This includes technical documentation, user manuals and other relevant materials that accompany software development. Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale.

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Spend Matters names the top vendors in the 50 Providers to Know, 50 Providers to Watch and Future 5 start-up lists for 2023

Spend Matters

The progression of existing macroeconomic trends, combined with the proliferation of new technologies such as generative AI, have forced software providers to make crucial product development and resource allocation decisions.