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Wiki: A Simple Definition of Procurement
A comprehensive definition of ProcurementSource: Sourcing force This is a preview: You may already know that Procurement is usually used as a generic term for “purchasing” within an organization. Though, there is a lot of variables and invisible details that...
How Spend Analysis Can Help You Drive Value for Procurement
How Spend Analysis Can Help You Drive Value for Procurement One of the most frequent questions we get from our clients is hands down: What is the best approach to use and identify savings opportunities through spend analysis? This is an excellent question....
How To Leverage Data With Spend Analysis and Classification?
Source: Sourcing ForceFocusing on Business Specific Category Sourcing Groups is key, with or without UNSPSC.Transforming raw Spend and Supplier data from payment and purchasing systems and reclassifying it into common, meaningful sourcing categories creates...
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