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And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.
Equally important, we can better mitigate risks and work more effectively by providing the right amount of effort to manage and build a collaborative relationship with its key suppliers. Not all suppliers should be managed the same way: each supplier requires a “right-sized” level of governance! The GRC Tool.
Another important benefit is that procurement project management software can help you improve communication and collaboration within your team. By sharing files and tracking progress electronically, you can avoid the confusion and frustration that often comes with managing projects manually.
There are four key levers to enable supply chain resilience Visibility Collaboration Responsiveness Agility Visibility Visibility is knowledge of material movement and status across the supply chain, from suppliers to end consumers. The outcome was an intuitive control tower providing an overview of potential risks and incidents.
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