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Common Global Procurement Mistakes Made By SMEs

The Global Small Business Blog

©iStock/HAKINMHAN Sourcing, business communications, supplier selection, contract management and supplier relationship management are among the most important activities in the procurement process. Here are eight of the most common global procurement mistakes made by SMEs.

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How to build a successful procurement strategy

IBM Services

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. What is a procurement strategy?

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All you need to know about Procurement Project Management

Sourcing Captain

In this context, procurement project management involves planning, implementing and controlling a procurement project. Managing a procurement project like this requires a wide range of skills and competencies, methods, processes, knowledge and well-defined objectives. Importance of Procurement Project Management.

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Procurement Outsourcing (PO) – Services PEAK Matrix® Assessment 2023

Everest Group

Procurement Outsourcing (PO) – Services Procurement Outsourcing (PO) providers are seen as strategic partners by organizations and are playing a critical role in helping them navigate the challenges posed by macroeconomic uncertainties and inflationary pressures by driving cost reduction and enhancing efficiencies.

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Problem Solved: Boost Resilience with Supplier Diversity

Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group

Supplier diversity programs are impactful and effective tools in your business strategy because they guarantee a diverse supplier base and ensure inclusivity within your ultimate procurement plan.

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Procurement and Purchasing are not the same: Here is how

Sourcing Captain

In the context of acquiring goods for business operations, the terms procurement and purchasing are often used interchangeably. For anyone who is into sourcing, it is essential to understand the difference between purchasing and procurement. Procurement. Here are the key differences between Purchasing and Procurement.

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Procurement Magazine UK, “How are smart procurement teams fighting inflation?,”

The Hackett Group

With inflationary pressures impacting procurement and trimming value off contracts, what are smart procurement managers doing to counter-act it? With insights from The Hackett Group’s Vicky Kavan, and our 2023 Digital World Class Procurement research. appeared first on The Hackett Group.

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The 2023 Supply Chain Crystal Ball: Challenges and Solutions

Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

Procurement strategies in response to network delays and bottlenecks. In this webinar, you’ll gain actionable insights from Olivia Montgomery as she walks us through Capterra’s extensive research on how businesses - notably SMBs - are addressing supply chain challenges in 2023. Forecasting techniques to manage inventory.