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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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Contingency plan examples: A step-by-step guide to help your business prepare for the unexpected

IBM Business Partners

Team members discuss possible risks, analyze the risk impact of each one and propose courses of action to increase their overall preparedness. Plans should be tested at least once annually, and new risk assessments performed. RTO is usually measured with a simple time metric, such as days, hours or minutes.

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A guide to efficient Oracle implementation

IBM Services

Companies large and small are increasingly digitizing and managing vast troves of data. ERP systems like Oracle’s streamline business processes and reduce costs, leveraging information to help organizations make better decisions in rapidly changing landscapes. Will my organization choose an implementation partner?

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Spend Management Strategy: How To Improve Your Strategic Spend Management Plan

Planergy Software

Spend Management Strategy: How To Improve Your Strategic Spend Management Plan. What is Spend Management? We’ve covered spend management on the blog before, so if you want a more in-depth look, take a look at our post: “ What is Spend Management? How Spend Management Improves Procurement.

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How professional employer organizations help business. And how to choose the right one

Mercans

These services help companies determine whether they’re salary range is consistent with the market, which skill sets to utilize in specific job categories, where to augment departmental headcount, and how rates of employee turnover compare to competitors. Leave of absence request management. Training in liability management.