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Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

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Or the automotive firms, who watched Tesla with the condescending view that electric cars would just be a fad, until they also realised the true potential. Project management means managing against robust plans, laying out deliverables, resources, costs, risks and so on.

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Top strategies for procurement to help support revenue growth

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It has been applied for decades in certain industries, notably automotive and aerospace, and is now recognised as a priority at most organisations. Efficient communication, the ability to securely share information and project-manage efforts are all key to scaling collaboration across more processes, suppliers & categories.

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5 Steps Towards Modernizing Supplier Management

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That means spanning the S2P process, allowing secure sharing of a variety of information, supporting project management and automating action or improvement plans. Leaders should ensure that collaboration supports this required depth and breadth.

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The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

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For example, consider the challenges in the automotive industry that stem from the supply chain issue in chip manufacturing. The platform supports collaboration from source-to-pay, enabling users to securely share information, enhance project management and automate improvement and action plans.