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Enhancing Procurement Excellence Through the Power of Negotiation

Procurement Academy

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

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How Manufacturers Can Leverage AI & Analytics For Strategic Decision-Making

Silvon Software

These technologies are not just transforming business areas like sales, procurement, production, distribution and others by streamlining data categorization and insight generation; they are reshaping entire business landscapes by offering real-time intelligence that informs strategic decision-making across all core areas.

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Demand Forecasting in the new normal

SYSPRO Smarter ERP

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. Even though business data availability has increased, customer purchase patterns has also become more complex, and therefore harder to predict with accuracy.

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Value-Based Purchasing in Healthcare Explained

Precoro

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals.

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Procurement Strategy. How to Get it Right? [Guide + Template]

Precoro

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

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Digital Process Optimization: Revolutionizing Efficiency in Business

Elementum

Improving Business Operations with Digital Processes At the heart of operational excellence is the ability to optimize workflows through digital process automation. Handling Security Concerns Digital processes introduce complex challenges such as vulnerability to cyber threats and the need for constant security updates.

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The Best Supply Chain Company You Have Never Heard Of

Logistics Viewpoints

The company is piloting secure lockers for stock at their major sites. Driving an excellent supply chain depends on how people are recruited and managed, processes, and the technology used. The company has shown sustained improvement on this metric. Products can be shipped to a work site or a place of business.