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Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships. For instance, instead of conducting lengthy RFP processes, your team can access ready-made contracts with industry leading suppliers. ’ and this is the way to get those.”
The solution streamlines and automates the management of inventory levels, the stock replenishment process and collaboration with suppliers for VendorManaged Inventory (VMI), addressing both indirect spend and direct materials needs. Increase supplier autonomy on replenishment orders within the agreed boundaries (i.e.,
With new accelerated payment capabilities, users can more readily capture supplier discounts, support growth, and strengthen the supply chain. . Ivalua’s global reach of buyers and their suppliers helps us deliver on our mission-providing access to working capital to businesses so they can grow and thrive. It Pays to Partner!
The pandemic put a strain on already tight public sector budgets and demand for new projects only continues to climb. With so many competing priorities and budgetary constraints, when does it make sense to go with a vendor-paid eProcurement model? And for good reason. Having ownership gives you more control over the platform.
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