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In 2017, The Economist published a story titled, “The world’s most valuable resource is no longer oil, but data.” Translate information into insights The final step is to derive the required information to make better strategic decisions and generate more value from data.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Amazon’s acquisition of Whole Foods in 2017 exemplifies a horizontal integration strategy, as it allowed the e-commerce giant to enter the grocery market and enhance its physical retail presence.
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