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October 4, 2024

Multi Sourcing Vs Single Sourcing

Sourcing Strategies: Multi Sourcing Vs Single Sourcing – A Strategic Pathway

When building an effective procurement strategy, a key decision revolves around choosing between Multi Sourcing Vs Single Sourcing approaches. Each offers distinct advantages and challenges, and the best choice depends on various business factors, including risk tolerance, spend management, and supplier market conditions. Let’s dive into the key factors that will help you determine which […]

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Continuous improvement strategies for source to pay

How to find the “K” in S2P Process: A Strategic Guide for Continuous Improvement

Introduction A leading procurement software organization recently surveyed its customer base to understand their outlook on the role of Generative AI in procurement. The survey revealed that 80% of respondents preferred Gen AI to provide “deep value” within existing processes rather than reinventing the procurement wheel. This highlights a critical point: procurement professionals are increasingly

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