Remove supply chain budgeting Remove Supply Chain Optimization Remove Supply market
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Getting to grips with tariffs, trade and compliance with Thomson Reuters

Spend Matters

While the imposition of import/export tariffs on goods is nothing new, the recent spate of quid pro quo mandates is increasing complexity and uncertainty for organizations trying to navigate their impact on supply chains. It might even effect a decision to no longer play in a particular market.

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Expanding the influence and impact of Procurement

Spend Matters

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. This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain. Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions.

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management as a Strategic Procurement Function Category management is regarded as a strategic procurement function as it helps drive value for the organization, such as reduced prices and costs, supply chain risks and timescales and focusing on building supplier relationships.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. As an industry analyst, he researched and advised organizations in various industries​ on best ​and innovative practices, digitization and optimization.

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SAP Spend Connect – See the bigger picture

Spend Matters

Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. The 2024 roadmap does however have some interesting focus beyond GenAI to also include spend channel optimization, exception handling (with feedback/learning) and other areas. using RAG ).

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Time to Look into the Future of Procurement!

Supply Chain Game Changer

It is defined as: “A disciplined, systematic process for reducing the total costs of externally purchased materials, products and services while maintaining or improving levels of quality, service and technology”. The Strategic Sourcing approach is designed to: Drive reduction in total cost of acquisition of goods and services.