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 procurement practices meaning


Discovering and Creating Value in Procurement through Continuous Assessment and Innovation
Improvement is not simply an idea: it is a process. And processes without frameworks are recipes for underachievement, or worse, chaos. For this reason, value

procurement practices meaning  by reducing spend for procurement of goods and services, while improving or maintaining quality and availability; by improving the process key performance indicators (KPIs) in terms of reliability, responsiveness, and flexibility; and by improving return on assets. All those companies who have been able to drive excellence have realized that a structured approach to these transformational initiatives, along with a deep focus on sustaining compliance to processes, technologies, and organizational

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

E-procurement RFI/RFP Template

Buying Entity Features, Selling Entity Features, Consulting services, Marketplace, Asset Management, Product Technology  

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Oracle Further Orchestrates Its SOA Forays Part Three: Strategy Shifts


Oracle has long moved in the direction of blurring the line between applications and infrastructure. It has leveraged the system of record elements in application suites by applying infrastructure technologies to correlate real-time events for improved decision-making.

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Collaborative Sourcing Solution Vendor Leaves No Stone Unturned


By layering across an organization's current infrastructure and building a sourcing system that needs hardly any training, TradeStone users anywhere can sign on and have the system handle all the intricacies of international trade (without ever experiencing its complexities).

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Outcome Sourcing in the Outcome Economy


The move to an outcome economy encompasses radical changes in the core elements of commerce. It requires a whole new way of thinking on the part of both buyer and seller—from buying and selling things to buying and selling outcomes.

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APICS 2009 From the Expo Floor: Is S&OP Coming of Age? - Part 5


Part 1 of this blog series talked about my attendance of the APICS 2009 international conference in Toronto, Canada in early October. I attended few education sessions, as my conference visit focused more on exploring the expo floor and talking to the exhibitors. My overwhelming impression from the conference's expo floor was that its main value proposition this year revolved around the flavors

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Best Practices for Rapid Content Development


While e-learning content creation used to be a very expensive and complicated endeavor, new rapid development tools are making the process much simpler and less costly. How? Essentially, these new tools provide easy-to-use templates that allow you to create content without programming skills or a high level of technical knowledge. Learn more. Download this white paper now.

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Best Practices for Fixed Asset Managers


In the world of accounting, the savings potential of improved fixed asset management is often overlooked. Yet assets like land, buildings, transportation, and manufacturing equipment represent among the largest investments most companies make. Sub-optimal fixed asset practices can threaten the accuracy of financial reports and negatively impact your bottom line. This white paper outlines best practices for fixed asset management and suggests tips for implementation, including establishing an accurate baseline of fixed assets, selecting the right asset management tools, staying up to date with legislative changes, and producing targeted financial reports.

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Fixed Asset Inventory Best Practices


Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of today’s asset management climate and the tools available to improve controls. Learn about approaches that are getting results, and find out what doesn’t work (and why). Finally, get the lowdown on best practices which have proved both effective and durable.

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Intranet Best Practices


Intranets must be personalized for individual users and will manage themselves if a Web content management system (CMS) is installed. Right? In fact, these are two common and long-standing myths about intranets. One of the main objectives of a knowledge-sharing intranet is to be the authoritative source for up-to-date, company-wide content. Debunk other intranet myths and learn how simple can equal successful.

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Best Practices in Office 2010 Migration


There are plenty of good reasons to switch to Microsoft Office 2010. But when you're upgrading hundreds or even thousands of workstations, small mistakes carry a big cost in time, money--and lost productivity. This handy guide will prepare you for a smooth upgrade. Avoid common blunders and enjoy a hassle-free upgrade to Office 2010. Download Best Practices in Office 2010 Migration and find out how.

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Enabling Profitable Growth through Procurement: Transforming the Sourcing and Procurement Organization


Historically, sourcing and procurement companies have been concerned mainly with reducing costs and ensuring supply availability and quality. However, this is changing. Savvy businesses are moving beyond traditional sourcing and procurement goals, and looking to the procurement company to drive competitive advantage and deliver value. Discover the sourcing strategy tricks some successful companies are using.

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