Article Inventory Management Reduced Costs Strategic Sourcing 
Obobo
MARCH 23, 2023
For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.
Planergy Software
SEPTEMBER 12, 2023
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. By taking ownership of various stages in the production process, businesses can closely monitor quality standards, optimize inventory management, and reduce the risk of disruptions caused by external suppliers.
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