Remove Guidelines Remove Manufacturing Procurement Remove Procurement
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Choosing the Right ERP System for Manufacturing: Key Features to Consider

Jaggaer

Choosing the Right ERP System for Manufacturing: Key Features to Consider Enterprise Resource Planning (ERP) is a cornerstone of modern manufacturing, bringing together core business functions to improve operational efficiency. Quality Control – Manufacturers must ensure that every product meets industry and customer standards.

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Procurement Compliance Explained: Examples, Challenges, and Best Practices

Precoro

Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?

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Stringent Reporting Regulations Require Data Integrity

Logistics Viewpoints

The Corporate Sustainability Directive will also require companies to report on materiality conceptual guidelines, double materiality, impact materiality, and financial materiality. Finding this data may reveal that double the work is being completed to source information that already exists in other branches.

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The Strategic Importance of Global Procurement

Logistics Bureau

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

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The Basics of the Procurement Management

Precoro

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Office supplies would be an example of indirect procurement.

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Procurement Cost Reduction: How to Cut Costs Without Cutting Corners

Precoro

According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction.    The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.

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Oracle Announces AI Agents in Supply Chain Applications

Supply Chain Matters

Oracle has announced new role-based agents that are being embedded into the Oracle Fusion Cloud SCM and Manufacturing software applications suite. Margin and risk resilience Procurement policy advisor : Helps procurement professionals increase the speed and accuracy of creating, processing, and fulfilling purchase requisitions.