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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

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Protecting profitability in the face of inflation isn’t about squeezing suppliers in negotiations, but working together to find ways to reduce costs in the full value chain. Some suites have embedded MDM capabilities that can unify data across the enterprise and fix issues at the source.

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PKP ENERGETYKA ON TRACK TOWARDS FULL PROCESS AUTOMATION

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The Ivalua solution will automate some of the processes – proceedings, negotiations and approval of contracts as well as invoicing. We specialize in Procurement cost optimization (cost reduction projects), Global Sourcing projects as well as the implementation of specialist Procurement software solutions (Ivalua and NextBuy).

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5 Steps Towards Modernizing Supplier Management

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Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. Effectively managing suppliers is now one of the most important factors in organizational success.