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Pareto Analysis in Procurement: How To Use Spend Analysis To Cut Costs

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A balance needs to be struck between supplier rationalization and ensuring you have flexibility and backup in place for key supplies. How to report and analyze indirect spend to identify savings opportunities.

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The Benefits of Localized Supply Chain

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Lower Costs Logistics are an expensive part of operations, often outweighing labor costs. To be successful, you must be flexible and adaptable. Download Free Copy. Written by. Keith Murphy.

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11 Cost Reduction Strategies in Procurement

Obobo

In the medium term, cost reduction strategies can lead to larger savings, including effective contract negotiation , consolidation of suppliers or products, and streamlining of procurement processes. Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing.

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P-Cards: What Are Corporate Purchasing Cards and How Do They Work

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Benefits of Using P-Cards Cost Effective to Manage Small Purchases When it comes to smaller expenditures like office supplies, going through the formal procurement and payment process could be time-consuming.

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