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How Can Procurement Be Improved?

Introduction

Procurement is a critical aspect of supply chain management. It helps organizations acquire the right products, at the right prices and in the right quantities. It’s also one of the most important cost-saving levers available to businesses today. Yet it’s not always as effective as it could be. In fact, many companies are still using outdated procurement processes that can cause delays, increase costs and lower customer satisfaction levels. Here are five ways you can improve your procurement process:

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Is It Time For A Punchout Site?

Introduction

As a buyer, you probably already know what a punchout site is. The term refers to an electronic store that allows you to create a shopping cart of items through your supplier’s site and have them approved through your procurement platform. Once approved, the order is automatically fed back into the system of record and processed by the supplier. Punchout sites are relatively common in industries where there are many companies supplying similar products, such as computers or office supplies (and even in some instances where there aren’t). But what if you’re not buying from suppliers that offer punchouts? Consider implementing your own! Here’s why:

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How To Sell Your Boss On A Better Office Chair

Introduction

If you work in an office, chances are good that you spend a lot of time sitting down. To be fair, we all spend a lot of time sitting down — but when it’s your job to sit at the same desk day after day, it doesn’t take long for comfort issues to develop. The last thing you want is for your back or neck to start hurting because of an old chair (or one that’s just not ergonomic enough). So let’s say that as a manager or HR rep, you’re looking into buying new chairs for your employees’ desks, and maybe even replacing some existing ones? Well then — great news! We’ve got some tips from experts on how to sell this idea so everyone wins.

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Highbar In The News – Independent Dealer October Issue

Highbar Trading Co., Memphis, Tennessee, started when cousins Todd and Justin Miller began to work on a business plan in 2016. “The hardest part was just making that initial step,” said Todd. The dealership came into existence in early 2017, but the two mark its true beginning in March of that year, when the first sales took place. Soon after that the Highbar team expanded to include two additional
partners – Mark Light and Ben Miller.

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