There are many terms when it comes to all levels of procurement management, which is a smaller part of the overall supply chain. While procurement often is a blanketed term that refers to the entire process,...
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How Firms Use eSourcing to Optimize Their Supply Chain Networks One of the most important things that a business needs to do is keep its supply chain healthy. If there’s a break in the chain, this can...
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You may think back to the decades-old methods of procurement when you dealt with bidding and suppliers by phone, printouts, and filing cabinets. For most who are part of procurement management, those days are...
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Imagine a software solution that allows the CPO and/or COO to explore changes in complex award scenarios in minutes to meet a change in constraints. What if key decision makers from procurement, finance and...
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Most professionals in procurement want to develop a strategy to win consistently in negotiations. I am not referring to a method to get price concessions every time. If you are using Excel for your complex...
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Many companies use Excel to make complex logistics awards. There are procurement professionals who have developed spreadsheets that can handle logistics awards but there are limitations and risks. Time –...
Learn MoreYou have probably heard about optimization and might be wondering if it will give your sourcing team a strategic advantage. Let me start with a brief recap on the excitement surrounding optimization from past...
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Optimization can put your team in a strong negotiating position that should translate into profitability and a strategic advantage. Today it is far easier to collect big data then it is to use it to create a...
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