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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Both focus on improving efficiency and reducing costs but differ in their strategic approach and impact on the core business operations. Find Out More What Is Procurement?

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Enterprise Spend Analysis: How to Reduce Cost and Risk

ivalua

If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.

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Enhancing Manufacturing Value Through Procurement

Jaggaer

In today’s dynamic market, procurement is far more than just a buying and purchasing center. Forward-thinking organizations have transformed the department into an untapped gold mine that creates value for the entire end-to-end manufacturing process—from design and sourcing to production and delivery.

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If Only 2020 was 2020

Supply Chain Shaman

Click the link to download the results of the quantitative report completed at this time five years ago.) Here are some key insights from the report/study completed during the pandemic to remind us: Six months to Adjust. Normality evaporated for supply chain leaders around the world. Organizations Rallied to Work Together.

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Mobile Inventory Management: Boost Efficiency with Real-Time Tracking

RFgen

Key components of mobile inventory management include: Smartphone app: Allows field agents to log information, analyze metrics, and manage tasks even in remote areas with limited connectivity. Cloud software: Stores and distributes real-time data, producing reports accessible to all team members.

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What is Inventory Accounting? Here’s What You Need to Do Inventory Accounting Right (Every Time)

ShipBob

Inventory accounting is the process of tracking and accounting for changes in the value of inventory over time as it relates to manufacturing and costs of goods sold. Once you sell inventory, the value of that inventory becomes an expense that’s recorded as cost of goods sold (COGS) in your income statement.

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E2open Releases 2024 Forecasting and Inventory Benchmark Study: Lessons from the Pandemic for Future Resilience

E2open

This in-depth special report provides an extensive analysis of supply chain performance throughout the entirety of the biggest disruption in modern history, the COVID-19 pandemic — offering unique insights that cover the years before, during and after the pandemic’s impact.