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11 Cost Reduction Strategies in Procurement

Obobo

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

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How To Create Savings With Better Spend Management In Procurement

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Create Savings With Better Spend Management In Procurement. All organizations, regardless of their size and type, should develop a spend management process. Download Free Copy.

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Centralized Purchasing: Advantages and Disadvantages

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You’ll be able to streamline the process with automation, across different departments if you handle everything from a central location. Use PLANERGY to manage purchasing and accounts payable.