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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

With the global market expansion and deepening supply chain complexity, the roles of procurement leaders have evolved from tactical to strategic. Nowadays, procurement departments not only focus on the day-to-day buying operations but also search for the most efficient ways to go about them. How often do purchases happen?

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Purchase Order Management: a Key to Efficient Business

Precoro

Efficient purchase order management helps to have essential business needs covered while engaging as few resources as possible. Once a supplier approves the purchase order, it becomes a legally binding document. Purchase order process is an integral part of a procurement cycle as a whole. Let’s dive deeper.

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E-Invoicing Software Solutions and Tips on How to Select the Best One

Precoro

As the drawbacks of time-consuming and error-prone manual invoice processing become increasingly evident, a growing number of companies are turning to e-invoicing software as a more efficient alternative. This article explores some of the best e-invoicing software and key features to consider when choosing a reliable system.

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Artificial Intelligence: Try It You’ll Like It

Enterra Insights

This means they can interpret the world around them, digest and learn from information, make decisions based on what they’ve learned, and then take appropriate action — often without human intervention.” And maybe most important, are there any ethical implications for implementing an AI solution?”

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How to Choose Bill of Materials Software

Unleashed

This guide provides actionable insights and practical advice to help you make an informed decision when choosing a BOM solution. What is bill of materials (BOM) software? By integrating various business processes in real time, a cloud-based BOM software solution offers you enhanced accessibility, scalability, and efficiency.

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The Best Marketing Solutions for E-Commerce and Retailers

Vinculum

E-commerce and retail businesses can look forward to optimizing and improving the way they handle consumers and providing responses to inquiries, promoting brand loyalty, and encouraging repeat customers if they can employ the correct marketing solution. These may be utilized well for both B2B and B2C use cases.

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7 Basic Types of Supply Chain Risks

Precoro

Internal supply chain risks are related to the company's own operations, for example, inefficient purchase order approval workflow or inaccurate budget estimates. Supply chain risk management is one of the top priorities of procurement professionals. Mitigation strategies Adjust inventory levels.