Remove Contract Management Remove Procurement Strategies Remove Strategic Sourcing
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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing. Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supply chain risks, and facilitate informed procurement decisions. Analytics can help organisations to identify opportunities for cost savings, improved contract compliance and better procurement strategies.

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What’s the Difference Between Direct vs Indirect Procurement?

ivalua

However, it is important to understand the differences and varying degrees of focus between direct and indirect spend in procurement and sourcing. One thing in common with best in class procurement teams, is that they are turning to Source-to-Pay systems and other digital procurement technologies and this is a competitive advantage.