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RFI, RFP, RFQ, ROI, RFT: What’s the Difference?

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Knowing when to use which document for what purpose can dramatically improve your procurement process. Use this document when you have an idea of what you want, but require more information from suppliers.

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What Are The Benefits Of Using Purchase Management Software In Procurement?

Obobo

In this blog post, we’ll explore the benefits of using purchase management software in procurement and how it can revolutionize your organization’s workflow. Benefits of using purchase management software include increased efficiency, improved accuracy, and reduced costs.

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11 Cost Reduction Strategies in Procurement

Obobo

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.

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Tail Spend Analysis: What Is It, How To Perform It, and the Benefits

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll cover what tail spend analysis is, its benefits, how to develop a plan for it, how to analyze data and trends, and how to best leverage tail spend analysis to improve efficiency.

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Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. In this blog post, we’ll discuss the basics of a corporate travel program, why it’s important, and how to implement one successfully. How to gain visibility and control of your indirect spend.

Finance 52
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What is RFX In Procurement? Understanding RFP’s, RFQ’s & RFI’s

Obobo

How will using eSourcing , as well as eRFx ultimately help business owners make more informed decisions when it comes to their strategic sourcing initiatives? RFx brings together RFIs , RFPs and RFQs , and is, therefore, an acronym that is used more frequently in strategic sourcing and procurement. .