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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Lack of Transparency.

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Top 5 KPIs for Purchasing Managers

Precoro

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

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Healthcare Procurement: 3 Common Challenges and Their Solutions

Precoro

Medical institutions might not typically consider optimizing the healthcare procurement process a top priority. Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. However, procurement in the healthcare industry has some unique aspects.

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This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

Dick’s joins a list of retailers that have recently noted the impacts of inflation on customer purchases, with a shift from discretionary to non-discretionary items being a common theme. The post This Week in Logistics News (May 21 – 27) appeared first on Logistics Viewpoints. Between the hours of 8:00 a.m. and 8:00 p.m.,

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What Is Spend Management and Why Is It Important?

Precoro

Companies typically select supplementary software to help support this process. Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. In other words, it happens within the company’s defined procurement cycle.

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Publix Vendor Guidelines Updated for On-Time Delivery

Zipline Logistics

Why Do Publix Vendor Guidelines Matter? . However, the grocery chain evaluates scorecard performance when assessing brand purchasing decisions. According to the company’s supplier guidelines , “Publix expects 100% of deliveries to be on time.” . Work with CPG Logistics Specialists .

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De-Carbonising Road Freight Operations: Bridging the Know-Do Gap

The Logistics & Supply Chain Management Society

While many sectors can already report decreasing greenhouse gas (GHG) emissions, logistics continues to be seen as a hard-to-abate sector given its current growth rates and its persistent dependence on fossil fuels. It comes from the annual customer survey conducted by logistics software company Transporeon.