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Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

These multifaceted issues underscore the need for a diverse, well-informed procurement team that can navigate the technical, ethical, legal and community aspects of implementing effective public safety tools while ensuring responsible use of taxpayer resources.” Prioritize stakeholder engagement, including community input.

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Top strategies for procurement to help support revenue growth

ivalua

With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurement teams to prioritise supplier innovation and revenue growth opportunities. . Procurement’s role and status have been on an upward trajectory for many years, accelerating during the Covid-19 crisis.

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Supply Chain Innovation + Automation: How Körber is Positioning Procurement for the Future

ivalua

At our annual Ivalua NOW event in Paris, France–Ivalua asked, “Is your procurement team prepared to respond to unexpected supplier chain issues with speed and agility?”. For Körber, investing in procurement technology solutions frees up time to allow for more work on more strategic activities.

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The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

ivalua

Aside from mitigating risk and saving organizations money, Procurement teams have an opportunity to add value by working closely with suppliers to reduce carbon emissions while ensuring supply chain continuity through diversity and proper forecasting. Risk Metrics. Delivering Better Visibility Across Suppliers.

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4 Ways Modern Software will Empower Digital Procurement

ivalua

Other examples include excessive price variances, duplicate invoices or superfluous approvals. Training the software to recognize potential risk or mistakes and alert up to procurement staff enables a more proactive approach to managing the supply chain and ensuring business continuity. The Future of Procurement is Digital.