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What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?
Featured Experts: LT COL Benjamin Pimentel × LT COL Benjamin Pimentel USMC, FutureG, OUSD(R&E) Lieutenant Colonel Pimentel entered the Marine Corps in May 2007 through the United States Naval Academy. He graduated with a Ph.D. in Information Sciences in June 2022.
The first, authored by Duncan Jones and published on December 10, is The Forrester Wave™: eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). Procurement leaders today see the value of suites and the market has responded. The Winner Takes it All.
The first, authored by Duncan Jones and published on December 10, is The Forrester Wave : eProcurement Platforms, Q4 2019 , which covers purchasing and invoicing (similar scope to Gartner’s P2P Suites Magic Quadrant ). Procurement leaders today see the value of suites and the market has responded. Lesson 2: The Winner Takes it All.
There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders. Balance Procurement Objectives. Before diving into specifics, I feel it is important to note how the crisis has emphasized the importance of Procurement / Supply Chain leaders having a balanced set of objectives. Collaborate.
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