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Procurement Cost Savings – Measure, report and increase cost savings

Obobo

If you’re responsible for a procurement team , reducing costs is probably one of the main goals you care about. In fact, cutting costs is the primary KPI for most purchasing organizations. But what’s the best way to measure and report those cost savings ? This can help you reduce errors and improve efficiency.

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What Is Contract Management In Procurement?

Obobo

It’s a process often overlooked and undervalued that can cause a lot of headaches if not done properly. Procurement professionals need to understand how contract management works in order to maximize their success in the procurement process. Contract management can be a daunting and complex topic. Table Of Content.

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How To Improve Contract Management And Why Is It Important?

Obobo

That’s why it’s important for companies to take measures to improve contract management processes. Through proper contract management, organizations can reduce legal costs, increase their bottom line, ensure compliance with regulations and industry standards, and even strengthen customer relationships.

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A guide to efficient Oracle implementation

IBM Services

By implementing Oracle , one of the world’s leading enterprise resource planning (ERP) tools, organizations can transform their business processes and significantly increase operational efficiency. Which Oracle modules will my organization adopt? Before Oracle implementation Implementing Oracle can appear to be a daunting task.

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What Is Contract Management Lifecycle And Why Is It Important?

Obobo

Contract management is an essential process that contributes to the overall success of a business, but it’s often overlooked. To streamline the process, organizations can implement automation tools that can assist with each stage of the Contract Management Lifecycle to improve accuracy and efficiency.

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The most important AI trends in 2024

IBM Services

2024 thus stands to be a pivotal year for the future of AI, as researchers and enterprises seek to establish how this evolutionary leap in technology can be most practically integrated into our everyday lives. The evolution of generative AI has mirrored that of computers, albeit on a dramatically accelerated timeline.