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Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | ProcurementStrategy by Sara Omer What is the Saudi Vision 2030 Program? Developing and executing category strategies is critical to effective strategicsourcing.
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 procurementstrategies.
in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI). An Ardent 2021 survey of more than 350 CPOs and other business leaders found that there’s a strong push by procurement teams to adopt suites instead of a collection of standalone or one-off solutions. More on that here.
Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. . appeared first on Ivalua.
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