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Sourcing

All You Need to Know About Dutch Auctions

When we look for hotels and flights, we tend to be more price driven than when buying, say, clothes or electronics. In procurement, the same factors affecting behavior are at work. For some categories, price is the most significant factor in sourcing. Sometimes price is the only consideration. When we seek to get the best out of a deal, sourcing strategy is key.  

Three Kinds of Data Every Procurement Professional Needs to Succeed

It should come as no surprise to procurement professionals that they should have the data they need to do their jobs at their fingertips. Relevant data is on their desktops, in books, and on the minds of key people on their teams. But what happens when the data is lost or colleagues leave the company?
Procurement needs discipline—a process—to capture that knowledge, keep it updated and eventually disseminate it. At stake in this competitive environment is nothing less than an efficient procurement operation proficient at supplier management resulting in savings for the company. The right procurement software can help. A blog post at My Purchasing Center.

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