Remove Global Sourcing Remove Negotiation Remove Transparency
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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. The permanent transparency helped drive a rationalization of its supply base to improve performance, relationships and deliver savings and lower risk.

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PKP ENERGETYKA ON TRACK TOWARDS FULL PROCESS AUTOMATION

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The Company also cares about the user experience, suppliers and the transparency of Procurement operations within the entire organization. The Ivalua solution will automate some of the processes – proceedings, negotiations and approval of contracts as well as invoicing.

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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. As with transparency, the key to maximizing value here is to enable broad and deep collaboration.