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The introduction of E-Procurement.

ModusLink Corporation

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017). Furthermore, e-procurement enables price negotiation and supplier evaluation.

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Most Popular Logistics Stories from 2021

Logistics Viewpoints

Procurement and Supply Chain are Smarter Together – Practical Use Cases ; Dr. Madhav Durbha ( Coupa ). In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration.

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Future of Procurement Study Available

Supply Chain View from the Field

I recently completed a study of 25 CPO’s, each providing their view of what procurement will look like in 2025. Procurement has a history that is linked in the core concepts of centralization, volume leveraging, and cost reduction. Fearon, “History of Purchasing,” Journal of Purchasing (February 1968): 44. [ii]

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Adapting Pharmaceutical Companies’ Distribution and Supply Networks

Jaggaer

From source materials to distribution, the supply network must be carefully streamlined to produce the best results possible. For more on pharmaceutical procurement, register for our upcoming webinar. Sourcing teams can launch a full RFQ to select a provider. RFQ, Contract, and Risk. JAGGAER is here to help.

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Five Foolproof Ways to Shorten the Cash Conversion Cycle

Precoro

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. Higher chance of heavy reliance on external financing sources, such as loans or credit lines. According to The J.P. But how can companies unlock this capital?

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Who Owns Contract Management of Major Projects: Procurement or the Business?

NC State SCRC

The procurement function (contracting supply chain) typically provides the market & commercial expertise for creating the contract. The Business function is thus deemed to chair a collaborative Contract Management Team of Procurement, HSSE, Key Users, Finance, etc. A number of other interesting themes were also discovered.

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How Many Slaves Are in Your Supply Chain?

Talking Logistics

And as I highlighted last week, according to an article in the Wall Street Journal , “Wal-Mart Stores Inc., Companies are also starting to take action — albeit, reactively in many cases.