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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole. Manual procurement management relies mostly on spreadsheets, physical printed documents and e-mails (or other means of communication). Low-Quality Documentation.

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6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

From stringent quality standards to comprehensive documentation requirements, Class 1 and 2 manufacturers must navigate a complex landscape to ensure compliance and product excellence. ERP analytics also facilitate the management of the purchasing process through the requisition approval workflow, streamlining procurement activities.

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What if Your Supplier Had a Yelp Review?

Supply Chain Game Changer

Going out to eat, in essence, starts with a mini ‘supplier’ evaluation; gathering information, processing information, evaluating your options, and making a (team) buying-decision based upon the data at hand (other diner’s opinions, reviewed performance, accolades, etc.) Do you really know where, and who it is you buy from?

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The cost of bad data: Hidden costs

HICX Solutions

External hidden costs: This could include costs such as amounts spent on outsourced data cleansing exercises; or the amount that suppliers pass on to customers factoring in higher administration costs of doing business with the customer. This is where costs mount for every supplier data spreadsheet that exists.

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Supplier Performance Management – The Ultimate Guide

SCMDOJO

Others will have a purchasing or supplier management board at the senior management level. We are talking about a key business process that impacts multiple functions beyond just organizing purchasing or quality. Team members represent key stakeholders, so they should communicate with those stakeholders to ensure buy-in.

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EcoVadis’ First ever CSR Day: Bringing Buyers and Suppliers together

EcoVadis

This was an excellent opportunity to be able to bring together regional buyers and suppliers, share our expertise in CSR and discuss how we can improve and above all work together to promote sustainability in the supply chain”, explained Richard Bourne, Director of Supplier Engagement department at EcoVadis.

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Sourcing Offices: a shift of paradigm

KEPLER Consulting

After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Strategic actions like Purchasing Strategy definition or Negotiation preparation are not correctly documented.