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Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategicsourcing.
When businesses start sourcing local goods and services, they are presented with new opportunities to network and form strong bonds with local business owners. Developing and executing category strategies is critical to effective strategicsourcing.
Not to mention, ERPs can’t connect you with the vendor communities and networks that sometimes come with a dedicated procurement solution, which means that fewer qualified vendors see and bid on your agency’s solicitations in the first place.
This helps organizations avoid supply disruptions in times of crisis such as during Covid-19, support strategic objectives such as increasing spend with diverse suppliers and improve quality and savings from strategicsourcing, especially for new categories where there is less knowledge of the market.
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