3 Alternative ways to cost savings in procurement

Reducing costs that will have instant and lasting effects is crucial during these uncertain COVID-19 times of crisis where sales and turnover are under pressure in many companies. Even if your business is not suffering during this crisis you still can look for more opportunities to create greater cost savings, as you will have more levers to offer suppliers to gain reductions in return.

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5 Effective Strategies Procurement Professionals in Manufacturing Need to Know

Being an essential aspect of any larger business, procurement comes with a number of responsibilities, complex tasks, and effective strategies. These include identification of buying needs, negotiation, vendor management, payment processing and the like.

When it comes to manufacturing, the right procurement processes can open doors to better cost management, risk reduction, stimulation of supplier innovation for higher competitive advantage, etc.

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