5 steps to an effective purchasing budget
Careful planning and alignment with the financial department provide cost savings and optimize budget management.
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5 steps to an effective purchasing budget
Careful planning and alignment with the financial department provide cost savings and optimize budget management.
The types of contracts within the purchasing department
Contracts play a fundamental role within the purchasing department as they structure the relationship with suppliers – stipulating deadlines, prices, targets, etc. See on our blog the types of contracts and choose the most suitable for each acquisition.
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The impact of the Ever Given case on the global economy
It took 10 years and 1.5 million workers to build the waterway in the 19th century and just one day and a giant ship to congest it in 2021. See the impact of the accident on the global economy and what to do if your cargo was on the freighter.
The Importance of Purchase Price Variance in the Budget
The Purchase Price Variance (PPV) refers to the difference between the actual price of the product purchased and its standard price, which can positively impact the purchasing department.
The potential of Analytics Procurement
The benefits of Analytics Procurement in the optimization of the purchasing department go far beyond predictive analysis, and can reduce costs in the area by 3% to 8%.
Soluparts has been facilitating direct and indirect material demands for large industries for over 10 years. Our globalized structure allows us to offer customized solutions in international procurement of industrial parts.
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