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Struggling With Procurement?

Whetstone

Unfortunately, Procurement doesn’t! This often results in your organization not being able to deliver the value you knew it could have delivered if you were paid fairly, which in turn, reinforces the buyer’s behavior to try to get the solution even cheaper the next time. You know how valuable your solutions are.

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The Kraljic Matrix

Flevy

The procurement function in most organizations deserves more attention than it gets. Most executives associated with procurement lack the competencies and perspectives required to identify gaps and effectively manage the function. Collaborate with suppliers, or rivals, to manufacture critical components cost-effectively.

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Re-framing Procurement Negotiations: From Buying and Selling to Decision Making

5600 Blue

Over ten years ago, after having spent more than 20 years a salesperson, VP sales and sales consultant, we secured our first contract to provide negotiation training for the procurement arm of a major US airline. By Procurement Magazine Let the panic set in….clearly I felt like the proverbial fox in the hen house!

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What is a Kanban Board and How Does it Improve Quality?

Kainexus

To achieve this, they implemented a visual system to track the movement of parts from the supplier to storage locations and finally to the assembly line. The method was so effective that Kanban Cards were adopted by manufacturing companies worldwide to help structure and control the production and procurement of parts.

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Value Chain vs. Supply Chain: Key Distinctions

Arpedio

On the other hand, the supply chain is the network of suppliers, manufacturers, and distributors that work together to create and deliver products and services to customers. Key Takeaways The value chain and supply chain are two interconnected business concepts that contribute to an organization’s efficiency and effectiveness.

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What is Enterprise Resource Planning (ERP)

Apptivo

ERP, or Enterprise Resource Planning , is a type of system or software used by organizations to manage processes and automate activities such as accounting, project management, risk management, compliance. When most of the organization’s data resides in the ERP system, it provides an accurate report across businesses of the organization.

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Reverse Auction: What It Is & How to Crush It in Sales

Hubspot Sales

Expedited procurement process — When sellers put in bids during a reverse auction, they’re putting the best features of their product or offering in front of the buyer for their consideration. Reverse auctions are commonly held in B2B transactions, with procurement teams sourcing goods and services for their respective companies.