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IT Procurement: How to Purchase IT Products and Services Effectively

Precoro

This process, known as IT procurement, requires comprehensive steps with clear objectives and vendor selection criteria to ensure that technology investments align with business goals and yield a return on investment (ROI). This article encompasses the best practices for planning and executing successful IT procurement strategies.

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Establishing Procurement as a Competitive Advantage

ivalua

In my previous posts, I looked at how to successfully launch a digital transformation and progress to best-in-class Procurement. Most leaders seem to track their progress with metrics such as percent of spend managed and digitization levels, defining best-in-class as being the top quartile or similar high percentage.

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Spend Analysis: Best Practices

Precoro

Where should you start when you want to create budgets, cut costs, or forecast future spending? After all, a clear picture of the company's procurement process is necessary to develop a sustainable future strategy and to avoid pitfalls that hold your business back. The answer is simple: spend analysis.

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Are you still spending time and money to run a lengthy RFI/RFQ/RFP process for a SaaS platform purchase?

Supply Chain Management and Analytics

Traditionally, well-run RFI and RFP processes try to reduce the risk of deployment failure for the buyer via questions and a demo, and sometimes a proof-of-concept study with made-up data. If you are still planning to spend time and money to run a lengthy RFI/RFP process for a SaaS platform purchase, then we suggest you think twice.

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What is Unleashed Software?

Unleashed

This enables you to better understand your purchasing needs, instantly, without having to perform a manual count of every item first. Unleashed also automates repetitive manual processes involved in the management of goods, from populating a purchase order to reporting on multiple sales channels. Who is Unleashed software for?

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Inventory Distortion Will Cost Retailers $1.77 Trillion in 2023. Here’s How Blue Yonder Can Help.

BlueYonder

Blue Yonder recently co-sponsored a research study with IHL aimed at understanding the problem of inventory distortion and outlining some strategies for addressing it. Watch the “Inventory Distortion: The Good, the Bad, the Ugly” webinar , which provides an overview of the study results — or read IHL’s in-depth research report.

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Thriving In ‘The New Normal’ With 5 Demand Forecasting Models

ThroughPut

For example, a Deloitte e-commerce study has predicted that the global online retail volume is expected to grow at a rate of 15% till 2023. Most manufacturers prefer to leverage analytics data over traditional forecasting and time series techniques. Reshaping the manufacturing world to meet new demands. Demand sensing method.