Real-time Visibility Sourcing Supplier consolidation 
Spend Matters
OCTOBER 31, 2024
We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers.
World of Procurement blog
MAY 23, 2024
Supplier consolidation refers to the strategy of reducing the total number of suppliers that a company deals with and instead focusing procurement spending on a select few preferred suppliers. To mitigate supply chain risks and improve business continuity by reducing dependence on many small suppliers.
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Una
AUGUST 17, 2022
The figure’s head represents the top 1% of strategic suppliers to your organization. This is where strategic sourcing professionals spend most of their time, communicating directly with their top suppliers through an SRM program , and using cutting-edge procurement software to analyze spend and track risk.
Una
OCTOBER 25, 2022
When it comes to improving procurement efficiency, though, a sourcing hero’s work is never truly done. Instead of sitting back, the profession must make a long-term and ongoing commitment to sharpening its sourcing processes. Consolidate your supplier lists. Accelerate your P2P cycle time with an automated system.
World of Procurement blog
MAY 8, 2024
Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. What is Procurement?
NLPA (Next Level Purchasing Association)
MAY 8, 2024
By examining past purchases, spend analysis helps identify high spending areas, categorize suppliers, and uncover hidden costs. This data can then be used to negotiate better deals with suppliers, consolidate purchases, and streamline procurement processes. While valuable, past trends can’t always predict the future.
Jaggaer
OCTOBER 24, 2024
From bundling spend to identifying mutual efficiencies, these approaches not only drive down costs but also strengthen supplier relationships, ensuring sustainability and value over time. By building trust and transparency, procurement leaders can work with suppliers to achieve cost savings that are sustainable and equitable.
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