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How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. It’s easy to find out by calculating the Days Inventory Outstanding metric, a financial ratio designed to help both management and investors have a better understanding of how quickly inventory can be turned into sales.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. For example, does it connect to your ERP, e-commerce platform, and inventorymanagement system? Connecting your inventorymanagement system allows it to update quantity information based on sales.
How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The strategic level addresses the big picture and general decisions. Source and Generate Data Of course, if you don’t have good data, to begin with, you won’t be able to leverage it to your advantage.
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