Spend Matters
MARCH 25, 2025
Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. Finance departments focus on spend visibility, payment optimization and cost control. appeared first on Spend Matters.
Procurement Templates
DECEMBER 11, 2024
Improve Transparency: Use dashboards and reports to provide real-time procurement updates to all stakeholders. Engage in Active Listening: Conduct regular meetings with stakeholders to understand their evolving needs and integrate feedback into procurement strategies.
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Spend Matters
FEBRUARY 13, 2025
This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company.
Procurement Tactics
SEPTEMBER 14, 2022
Sustainable logistics , also known as green logistics, refers to the processes and practices aimed at improving the sustainability of supply chain activities. These activities range from the supply of raw materials to the distribution and the management of the lifecycle of products. . Stakeholders engagement.
Jaggaer
FEBRUARY 5, 2025
The process creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Draw up selection criteria optimizing outcomes against risk. Draw up a portfolio of suppliers incumbents and alternatives.
Procurement Templates
MARCH 3, 2024
Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Stakeholders may include department heads, end-users, finance teams, and others who will be impacted by the procurement decisions.
The Good Spending
AUGUST 23, 2022
Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Moderation.
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