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Understanding Procurement Contracts

Precoro

Regardless of size or industry, every organization relies on procurement to achieve its objectives and stimulate growth. Procurement, the art of acquiring goods and services, is not just an option but a fundamental requirement for businesses to function smoothly. What is a Procurement Contract?

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Why Spend Visibility is Critical to Procurement Success

EC Sourcing Group

Procurement success is defined by the outcomes. Spend Visibility is the foundation of any mature procurement function because it identifies inefficiencies and areas of opportunity that lead to better decision-making and ultimately, better outcomes. The path to your desired outcomes may seem tricky, but Simfoni can help.

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5 Actionable Steps: An Ultimate Guide to Demand-Driven Inventory Replenishment Planning

ThroughPut

As per the world reports of global goods shortages , optimized replenishment planning with demand drivers, has become a necessity. The touchpoints can indicate the need for expedited procurement, new vendor relationships, or enhanced delivery speeds. Demand-driven Inventory Replenishment Planning. External Replenishment Triggers.

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What Is An Exception In E-Commerce Delivery?

Locus

Custom delays like flight delays, customs procedures, the intervention of government authorities or port congestions could result in delays. If you deal with delivery exceptions as an opportunity to improve post-purchase customer experience, it helps you get back your customers. Schedule a Demo. Source: [link].

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GAAP for Accounts Payable: What it is and why it's important

Precoro

Accurate financial reporting is crucial for maintaining transparency, complying with laws and market regulations, and building trust in relationships with suppliers, creditors, and investors. According to Ardent Partners , 48% of AP leaders see improving AP reporting and data analytics as a strategic priority for 2023.

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Release Your AP Team with Invoice-to-Pay

ivalua

All too often, Invoice-to-Pay is seen as an isolated process, sitting on its own at the end of a procurement journey. The result of bringing these three steps together with data from the whole procurement journey is a seamless and almost touchless workflow that transforms accounts payable. What Are The Benefits of Invoice-to-Pay?

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Top 2016 Supply Chain Strategy Posts from the Supply Chain Link Blog

Arkieva

After a couple of quick questions about the product that she had purchased, it was obvious to me that the product itself had the right features. They tend to move towards following standards and exercise rigorous governance regimes. Supply Chain Complexity 1 – Plan/Source/Make/Deliver/…. Read More ». Read More ».