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What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

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What Is Strategic Sourcing? – Definition

Obobo

What Is Strategic Sourcing? In the context of digital transformation, procurement and supply chain processes are evolving as a result of strategic sourcing, and the trend is poised to continue. This is what differentiates strategic sourcing from conventional purchasing. . How Does Strategic Sourcing Work?

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Best Practices for Supplier Management

Obobo

Consider these best practices as you build the right supplier management system for your business. The management needs to approve the policy that outlines how you will keep stakeholders informed. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. Table of Contents.

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The Top 8 Business Travel Management Tools

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The right travel management solution can help ensure compliance with company policies, provide valuable insights into travel spending, and streamline the entire travel process. But fear not, weary traveler!

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Best Practices for Supplier Management

Obobo

Consider these best practices as you build the right supplier management system for your business. The management needs to approve the policy that outlines how you will keep stakeholders informed. Your company may need a risk assessment professional or a risk assessment committee, depending on its size. Table of Contents.

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Corporate Market Data Renewal

SIG Speaks

I plan to take us through a corporate market data renewal example and will touch upon course material from ‘Week 2’ (Strategic Sourcing_2020) and ‘Week 9’ (Cross Functional Teams_2020). The data provided may be real-time-delivered, historical, or a combination of multiple time series. The contract and deal renewal are finalized.

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How To Calculate Procurement Savings

Obobo

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.